Nothing is permanent in your life… not even transferring money from your account to your MobiKwik wallet! Any time you want to send money back to your savings account or any other account, just pull up your MobiKwik app. The ‘Wallet to Bank Transfer’ feature gives you the ability to instantly send money to any account using your MobiKwik e-wallet, whether your own or someone else’s. No matter what the source of funds have been, be it your credit card or net banking of another bank account, you can transfer money to a saving account instantly.
Transfers From Wallet To Your Account… Fatafat!
You might be familiar with ‘IMPS’ which means ‘Immediate Payment Service’, a widely used and popular money transfer protocol in India. MobiKwik brings this facility to your e-wallet too!Here’s how it works.
Step 1: Select ‘Transfer Money’ on your MobiKwik app.
Step 2: Select the ‘IMPS’ option.
Step 3: Put in bank account and amount details.
Step 4: Once you click on ‘Send Money’, you’ll receive an OTP for verification. MobiKwik completes the transfer as soon as you submit the OTP, immediately!
The best part? You can do ‘Wallet to Bank Transfer’ at any time in the day since your MobiKwik e-wallet is not bound by banking hours.
What You Need To Know
KYC completion for the ‘transferee’ account is essential to use this service. Also, a 2.95% charge for IMPS—the lowest in India!—is applicable on all such transfers. Check out our list of FAQs here if you still have questions.