Can I withdraw money from my PhonePe Wallet?

I am a minimum KYC user

As per existing RBI guidelines for wallet, as a minimum KYC user, you cannot withdraw your wallet balance to your bank account. Instead, you can use your wallet balance for making payments from the PhonePe app.

If you still wish to withdraw your wallet balance,  you have the option to close your wallet and withdraw the balance.

Important: You cannot reactivate your Wallet once you close it. This will be a one-time withdrawal only.

I am a full KYC user

PhonePe is currently not utilising Full KYC. If you're a Full-KYC user, you will not be able to top-up or withdraw your wallet balance. Instead, you can use your wallet balance for making payments from the PhonePe app.

If you still wish to withdraw your wallet balance, you have the option to close your wallet and withdraw the balance.

Important: You cannot reactivate your Wallet once you close it. This will be a one-time withdrawal only.

Learn more about Whether you have completed Min-KYC or full-KYC verified on PhonePe.