Steps to Transfer MobiKwik Wallet Cash to Bank Account Officially [Updated]

Mobikwik is now improving and adding lot of features to their service. Bank transfer option is one of the latest addition to it. With this option you can transfer your Mobikwik wallet cash to the bank account you like. Paytm introduced this feature little bit long. But not Paytm, oxigen wallet was firstly introduced the bank transferring for their users. As of now you may all know or heard about online payment gateways like Freecharge, Paytm, Mobikwik, Oxigen and so on. There is more out there and more newbies are coming to this field. You can use them to recharge your mobile number, DTH, Data Card, Pay bills, Shopping online etc... by using your credit/debit card, Net banking as payment method. 

If you own a smartphone then their app make you more ease for doing all these with few finger taps across your smartphone's screen. But sometimes you don't like or get bored by entering respective card details every time for making your transaction with them. So, they hold a virtual wallet in which you can load money once from your bank account using credit/debit card or any other way and save it as wallet cash to their site/app. 

Later, you can use it to utilise their services. If you wish to transfer back this cash to your bank account then you can do same with their wallet to bank transfer option. Apart from paytm, Mobikwik transfer is quiet much easier. Because now in Paytm, you have to send SMS for the activation of this service and only after the confirmation from their side then you can start to transfer you Paytm cash. As of now there are no such limitations in Mobikwik. Okay, now we can move to steps. 

Steps to transfer Mobikwik wallet cash to Bank account

This option is only available in the updated version of their app. So, you have to install new app or update to its latest version. Steps are very simple and you can easily complete within one to two steps. 

Step 1

You must install the latest version of the app to start the transfer. After the update/installation open Mobiwik app and click on Transfer Money from the app home.

Step 2

Select Wallet to Bank option and enter your account name, account number, IFSC code, enter amount (Min Rs.500). Confirm your entries for once and finally hit the Send Money button. 

Done. Your wallet cash will be send to the respective bank account you entered. Besides to this they will charge 4% as processing fee for your transaction. 

For example if you want to send Rs.500 (min) then addition to that they will charge Rs.20 as processing fee. ie. a total of Rs.520 will be deducted from the wallet.

Note : Cash once sent can't be refund to your wallet. So, take extreme care while entering the details to the app. 

Tips : If you updated the Mobikwik app then you may can't find the wallet to bank transfer option after clicking on transfer money from the app home. So, in such case uninstall and reinstall the app will fix the issue.