HomeENGLISH ARTICLEHow to Add Bank Account in PhonePe: A Step-by-Step Guide

How to Add Bank Account in PhonePe: A Step-by-Step Guide

In the ever-evolving landscape of digital payments, PhonePe has emerged as a convenient and secure platform that simplifies financial transactions for millions of users across India. If you’re new to PhonePe or want to explore its full potential, one fundamental step is crucial: adding your bank account to PhonePe. In this article, I will explain you a Step-by-Step guide and complete process about how to add bank account in PhonePe, ensuring that you can make seamless payments, transfers, and more.

What is PhonePe?

PhonePe is a revolutionary digital payment platform that has transformed the way people in India handle their financial transactions. Founded in 2015, PhonePe quickly gained popularity due to its user-friendly interface and an array of features that make managing money a breeze. It operates on the Unified Payments Interface (UPI), a real-time payment system that enables instant fund transfers between bank accounts via mobile devices.

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Importance of PhonePe in Digital Payments

In today’s fast-paced world, convenience is key. PhonePe offers just that by simplifying various financial transactions, including bill payments, mobile recharges, online shopping, and more. With its secure and user-friendly platform, PhonePe has become an indispensable tool for those looking to streamline their financial activities.

Benefits of Adding Your Bank Account to PhonePe

Linking your bank account to PhonePe comes with a multitude of benefits, such as:

  • Convenient Fund Transfers: Instantly send money to friends, family, or vendors without the need for cash or complicated bank transfers.
  • Easy Bill Payments: Pay your utility bills, mobile recharge, and even credit card bills with a few taps on your smartphone.
  • Secure Transactions: PhonePe employs state-of-the-art security measures to ensure your financial data remains safe during transactions.

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Prerequisites for Adding a Bank Account in PhonePe

Before you embark on the journey of adding your bank account to PhonePe, make sure you have the following prerequisites in place:

  • PhonePe Account: You must have a PhonePe account. If you haven’t already, download the app and create one.
  • Registered Mobile Number: Ensure that your mobile number is linked to your bank account. This number will be used for verification purposes.

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How to Add Bank Account in PhonePe?

Now, let’s dive into the step-by-step guide on how to add bank account to PhonePe:

  1. Download and Install PhonePe (if not already installed): Start by downloading the PhonePe app from your device’s app store. Once downloaded, install it on your smartphone.
  2. Opening the PhonePe App: Launch the PhonePe app by tapping on its icon.
  3. Logging into Your PhonePe Account: Sign in to your PhonePe account using your registered mobile number and the PIN or password you created during the registration process.
  4. Accessing the “My Money” Section: After successfully logging in, locate and tap on the “My Money” option within the app.
  5. Selecting “Bank Accounts”: In the “My Money” section, you’ll find various financial options. Select “Bank Accounts.”
  6. Choosing “Add New Bank Account”: To link a new bank account, tap on the “Add New Bank Account” button.
  7. Selecting Your Bank from the List: PhonePe will provide a list of banks. Choose your bank from the list by tapping on its name.
  8. Verifying Your PhonePe Account: You will need to verify your identity by entering your PhonePe PIN or using other verification methods provided by your bank.
  9. Setting a UPI PIN (Unified Payments Interface Personal Identification Number): Create a secure UPI PIN, which will be required for authorizing transactions from your linked bank account.
  10. Linking Your Bank Account: Fill in the necessary details, including your account number and IFSC code. Ensure that the details are accurate.
  11. Confirmation and Completing the Process: Review the information you’ve provided and confirm. PhonePe will send an OTP (One-Time Password) to your registered mobile number for final verification. Enter the OTP to complete the process.

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Safety and Security

PhonePe takes the security of your financial information seriously. They employ robust encryption and security protocols to safeguard your data. However, it’s essential to follow some safety practices on your end, such as:

  • Protect Your Phone: Keep your smartphone locked with a secure PIN or biometric authentication.
  • Secure Your UPI PIN: Never share your UPI PIN with anyone, and avoid setting easily guessable codes.
  • Beware of Scams: Be cautious of phishing attempts or suspicious messages, and only transact with trusted contacts.


Add bank account to PhonePe is a straightforward process that unlocks a world of convenient digital transactions. With the steps outlined in this guide, you can link your bank account securely and take full advantage of PhonePe’s features. Say goodbye to the hassles of physical cash and enjoy the convenience of digital payments.

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  1. Is PhonePe safe to use?

    Yes, PhonePe prioritizes the security of your financial data. They employ advanced encryption and security measures to protect your information.

  2. Can I link multiple bank accounts to PhonePe?

    Yes, you can link multiple bank accounts to your PhonePe account, making it easier to manage finances from different sources.

  3. What should I do if I forget my UPI PIN?

    You can reset your UPI PIN through the PhonePe app by following the “Forgot UPI PIN” option in the Bank Accounts section.

  4. Are there any fees for adding a bank account to PhonePe?

    PhonePe does not charge any fees for adding or linking a bank account. However, check with your bank for any charges related to UPI transactions.

  5. Can I use PhonePe for international transactions?

    Currently, PhonePe is primarily used for domestic transactions within India. International transactions are not supported.

पोस्ट अच्छा लगा तो इसे अपने दोस्तों के साथ शेयर करे ताकी उन्हें भी इस बारे में जानकारी प्राप्त हो सके ।

इस पोस्ट के लेखक सत्यजीत है, वह इस वेबसाइट का Founder भी हैं । उन्होंने Information Technology में स्नातक और Computer Application में मास्टर डिग्री प्राप्त की हैं ।


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