How To Create PhonePe Account: A Step-By-Step Guide (NEW)

In this article, we will find out how to set up a PhonePe account. If you want to make a financial transaction online, you can deposit and receive money to and from your bank account with just one click through PhonePe. To make an online transaction, you must first set up a PhonePe account in your name. Today I will explain step by step how to set up a PhonePe account in just five minutes. Read to the end if you want to know all about setting up a PhonePe account.

Quick Answer

To set up PhonePe, download the application, enter the cell phone number linked to your bank account, and verify with the OTP. Complete your profile by adding your bank account, selecting your bank, and creating a UPI PIN with your debit card information to make/receive payments with PhonePe.

You Need To Have The Following:

• Suitable internet connection.
• Any Indian bank account that is linked to UPI through this app.
• A mobile number that you will use to register on PhonePe, but make sure that the same number should be registered to your bank account.

What is UPI?

UPI stands for Unified Payment Identification. It is a 4-6-digit secret code that permits you to transfer money. Without this UPI, you cannot transfer money. To create a UPI ID, you just need to provide your bank account details and create an ID of your choice which will become your UPI ID. The best thing about UPI is that it can be used from anywhere at any time. In one word, it is a 24×7 service.

How To Create A PhonePe Account?

Setting up a PhonePe account is a simple process that involves a few easy steps. Follow this step-by-step guide to learn how to set up a PhonePe account on your phone:

Step 1: Download the PhonePe App

First, you need to “download and install” the PhonePe app from the Google Play Store or App Store.

Step 2: Open the PhonePe App

Then open the PhonePe app. When you open the PhonePe app, you will see an interface asking you to enter your mobile number. You will need to “enter the same mobile number linked to your bank account” that you will link to your PhonePe. If the mobile number entered is not linked to the bank account used to set up the PhonePe account, you will not be able to make or receive payments or do any transactions even after setting up the PhonePe account.

Step 3: Phone Number Verification

Once you have entered the mobile number, click on the “PROCEED” option. You will receive an “OTP on your mobile number”, which is automatically fetched by the system. If it doesn’t, enter it yourself, and then the verification of your mobile number will be completed.

Step 4: Allow Permissions

The PhonePe application will ask you for some permissions, which you must confirm with “Allow”. You will see many options that will allow you to perform many transactions, but you will not be able to perform a transaction, make a payment, or receive money because you have not yet linked your bank account. So let’s go to complete your profile.

Step 5: Complete Your Profile

To complete your profile, click on the “Profile” icon in the upper left corner of the home screen. Now click on the “Bank Accounts” option in the “Payment Methods” tab.

Step 6: Add a Bank Account

At this point the option “Add new Bank Account” will appear; click on it. Now look for the name of the bank linked to the mobile number you used to create the phone account. For example, if you link your cell phone number to a bank account at HDFC Bank, search for HDFC Bank, and select it.

Step 7: Account Verification

The system will automatically retrieve the bank details and the account will be added successfully.

Step 8: Account Setup Complete

Now it is time to create the UPI PIN. Click on “Create” or “Reset” next to the UPI PIN.

At this point, you will be asked to enter your debit card information. Enter the “last 6 digits of the debit card number” and the “validity or expiration date” of the debit card in months/years and click on “Verify”. Then enter your “debit card PIN” and “set the desired UPI PIN” to be used for each transaction on PhonePe. You can now make/receive payments.

How To Add A Bank Account On PhonePe?

Steps To Follow:

Step 1: Go to the Home Page. Now you need to add your bank account in PhonePe App. Click on ADD BANK ACCOUNT to add a bank account. You can send or receive money and also check the balance in your bank account after adding your bank account to the PhonePe app.

Step 2: Select and click on the name of the Bank, from the list or search for your Bank’s name, in which you have your bank account registered with the mobile number you have created your PhonePe account with. If your mobile number is registered in more than one bank, then select the bank account, you want to connect with your Phonepe.

Step 3: Now, if you have only one sim in your mobile then click on SEND SMS and if there is more than one sim, then click on CLICK HERE, select your suitable sim, and click on SEND SMS. An SMS will be sent from your mobile number automatically as soon as you click on SEND SMS. Make sure that you have sufficient balance in the sim you are using. The mobile number you select should be registered in your bank account.

Step 4: After the mobile number is verified, you will be able to see your Bank account details such as Branch name, IFSC code, etc. Now, you have to set a UPI ID. You can see an automatically generated UPI ID, if you want to change it, then click on EDIT. After that click on PROCEED TO ADD.

Step 5:  Your mobile number will automatically come here. Now, if you want, you can enter your name by clearing the mobile number. But make sure whatever you write must be a unique one. I recommend you keep your mobile number remain here. Then click CONTINUE.

Step 6: Now you have to set a UPI PIN. You have to provide these PINs while doing the transaction. To set UPI PIN, click on SET UPI PIN and submit your ATM / Debit Card details such as the last 6 digits of your ATM card number, and validity period and then click PROCEED. Now, set a UPI PIN. If you have set UPI ID earlier once, then click on the option RESET PIN.

❗ IMPORTANT: Memorize your UPI PIN, because you will be required to provide your UPI PIN every time you transfer money or check your bank account balance. Never share this UPI PIN with anyone. It is very sensitive information to initiate any transaction in your bank account with PhonePe app.

Step 7: You have added your bank account successfully. Now, send or receive any amount at any time from anywhere with PhonePe app. You can also check your bank account balance. To check your bank account balance, click on Check Balance from the Transfer Money section on the Home page of the PhonePe app. Now, you will be able to see your bank account name, click on it. Now, fill in your UPI PIN and it will start fetching your bank balance. You will be able to see your bank account balance.

Step 8: To do any transaction successfully, you have to first complete your KYC. To do that, click on FINISH SETUP in Complete your Profile section or click on PhonePe Wallet. It will ask for your KYC documents such as your PAN Card Number, Name, etc. You also also choose to change your KYC document for example, Driving License, Voter ID Card, Passport, etc. Fill in all the KYC details and click SUBMIT.

Step 9: Now you have to make the first payment. You will get a cashback of up to 100 rupees on your first payment. In the first payment, you can recharge your mobile, pay your bills, or transfer money. The only condition to receive cashback is that you must make the transaction only through UPI. You will get 50% cashback on your First Money transfer. What this means is that you will receive a cashback of Rs.100 when you send someone Rs. 200.

How To Remove A Bank Account On PhonePe?

To completely deactivate your PhonePe account, first you’ll need to disconnect your bank account from the PhonePe account and then deactivate the PhonePe account. Here are the steps below to do so:

Steps To Follow:

Step 1: Open the PhonePe app and click on the Profile icon at the top-left corner.

Step 2: On the next page, click on View All Payment Methods under the Payment Instruments section.

Step 3: Click on the bank account you want to remove.

Step 4: Scroll down the page and click on Unlink Bank Account.

Step 5: Click on UNLINK on the pop-up that comes up.

How To Transfer Money Via PhonePe?

Here are the steps to transfer money to your friends or family via PhonePe:

Steps To Follow:

Step 1: Click the option To Mobile Number or To Bank/UPI ID under the Transfer Money section on the home screen of PhonePe App.

Step 2: You need to search or select a contact name, UPI number, or UPI ID.

Step 3: Enter the suitable amount you want to transfer and tap the option PAY.

❗ Note: The bank account from which you will transfer the money will be displayed next to Send option. If you want, you can change the bank account by selecting the bank account from the dropdown box.

Step 4: Finally, enter your UPI ID to complete the transaction.

Step 5: Money will be sent successfully and you will get the successful message displayed on the Phonepe App screen.

How To Delete PhonePe Account?

Here is the complete guide to deleting your existing PhonePe account:

Steps To Follow:

Step 1: First, open the PhonePe app on your device and Tap on the question mark in the above section (?)

Step 2: Now go to the Help section choose Profile and tap on My PhonePe Profile option.

Step 3: Then click on My PhonePe account Details.

Step 4: Now you have to select an option from the list like ‘I am not happy with PhonePe’.

Step 5: Now in the Contact Support section choose a select language.

Step 6: At last answer all your problems related to PhonePe.

Step 7: After completing all the above steps, the PhonePe support team will reach you through Phone call or Email within next 24 hours.

Step 8: After having a conversation with the PhonePe support team, your PhonePe account will be deleted or removed successfully.

Why We Should Use PhonePe App?

The main benefits of using PhonePe is all about its functionalities, general usability, and security.

You will get many options in PhonePe to transfer money. Even it is the fastest transaction app designed. It has a multi-language interface where the user can actually select his/her own language to start up. The most unique thing about PhonePe is its Intuitive POS, which means all the merchants will find the app useful for their business as well since store transaction is available through PhonePe’s dedicated POS device. In one word, PhoonePe is the one app you have never used in decades.

Conclusion:

In summary, setting up the PhonePe application involves a series of simple steps, from downloading and installing the application to linking the mobile number and bank account. The process includes verifying the mobile number, granting the required permissions, adding the bank account information, and creating a secure UPI PIN. Following these steps ensures a seamless experience that allows users to make and receive payments effortlessly through the PhonePe platform.