You can add your existing bank account on PhonePe to make BHIM UPI payments and receive money from others. Here we will guide you, step by step process on how to lin (add) bank account in PhonePe and create UPI PIN. After adding a bank account and create UPI PIN, you are ready to transfer money to any bank account and receive money from others into your account.
Before you proceed, you must ensure that:
- Your mobile number on PhonePe and the number you have registered with your bank account must be the same.
- You have activated mobile banking services for the bank account you are trying to add. To activate mobile banking, you can contact your bank or activate it online.
- The mobile number has enough balance to send a verification SMS.
Now see step by step process – How to Add Bank Account in PhonePe and create UPI PIN.
How To Add Bank Account in PhonePe & Create UPI PIN
Open PhonePe application and tap on My Money and select Bank Account in the Payment Methods section as you can see below screenshot.
Next screen, tap on ADD NEW BANK ACCOUNT.
Now select your Bank from the list. Almost all banks now support UPI payments.
After selecting your Bank account, the application will send an SMS from your bank registered mobile number and after verification, you can see your selected bank account details like account number, IFSC code & branch name. So you have added your bank account successfully. The next step is to create your UPI PIN. Tap on SET BHIM UPI PIN.
Enter your debit card details, enter last 6-digits and valid up to (valid thru) month & year and press continue. ( You can see valid thru or valid up to date on your card front side.
Finally set your UPI PIN. An OTP will be sent to your bank registered mobile number, enter this OTP and set your UPI PIN.
That’s all, your bank account added successfully on PhonePe and you are ready to use PhonePe UPI. You can now send money to any bank account using account number & IFSC code or UPI ID and mobile number. You can also make an online payment using PhonePe from your bank account.
How To View My PhoenPe UPI ID?
You can share your UPI ID with others to receive money without revealing your account details. UPI ID can be used in UPI to receive money into your bank account, no need to tell your bank account.
To view your PhonePe UPI ID, just tap on My Profile logo.
Next screen, tap on MY BIM UPI ID.
And next screen you can check your UPI ID. You can also create your custom UPI ID (maximum 3). Make sure you set your UPI ID as primary.
Q.1: What is UPI PIN in PhonePe?
Ans: It is (4 or 6-digits) transaction password which you need to enter when you transfer money to any bank account or make an online payment using your UPI account.
Q.2: Why i,m unable to add my Bank account in PhonePe?
Ans: Make sure your PhonePe and bank account mobile number is the same. The PhonePe will send an SMS from your mobile number and after verification, it will show your bank account linked with your mobile number.
Q.3: Can I add multiple (two) bank account?
Ans: Yes, you can add multiple bank accounts and use all accounts for payments.