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Digital wallets such as Mobikwik provide a hassle option for online payments. However, if you have money in your wallet, you would want to transfer it to your bank account.
Although MobiKwik provides the option to transfer money to bank account, however, you need to pay convenience charges which can go up to 4 per cent.
So if you are looking for ways to transfer money from Mobikwik wallet to your bank without charges, then you are reading the right article.
Here in this post, I share all the methods to transfer money from the Mobikwik wallet to bank account.
But before we jump to the methods, let us start with the Mobikwik wallet to bank transfer process.
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It is very easy to transfer money from the MobiKwik wallet to bank account. However, to initiate the transfer, you need to first complete your KYC. You can complete Mobikwik KYC from the app. Enter your Aadhar and Pan card numbers and verify with OTP to complete the process.
Now, restart the app after some time to transfer money from the Mobikwik wallet to bank account. If you transfer the money directly, then up to 4% convenience charges will be levied on your transaction.
To transfer the money without charges, follow one of the methods mentioned below.
Open the Mobikwik app
Select the Wallet to bank account transfer option
Enter name, account number, & IFSC code
Enter the amount
Tap on continue
Confirm the transaction
Money will be transferred to the bank account instantly
To transfer money from Mobikwik wallet to bank account, you need to download Zeta app. Once the install the app, complete your KYC to transfer money. You can add money to Zeta wallet using your Mobikwik Super Visa Card. The balance that you add to Zeta wallet can be transferred to bank account.
Download the Zeta app
Complete KYC on the app
Select add money option
Enter your Mobikwik Super Visa Card details
Complete the transaction
Transfer the money from Zeta wallet to bank account
Here is another working trick to transfer Mobikwik Wallet balance to a bank account without charges. This trick is 100% working, and I tested it a few months back.
Open the Mobikwik App
Click on recharge & bill payment option
Go to FASTag option
Select Paytm Payments bank FASTag
Enter vehicle Registration number
Pay minimum Rs. 100
Proceed to payment using Mobikwik wallet
Now, open the Paytm app and top up your wallet using the FASTag
Transfer Paytm wallet to bank account without charges
Here is another working trick that will help you transfer your Mobikwik balance to your bank account for free. For this trick, you need to download the Coinswitch Kuber app.
Download Coinswitch Kuber app
Sign up for a new account
Complete KYC using your PAN Card
Go to the home dashboard section
Select portfolios TAB
Deposit money to your Coinswitch wallet using Mobikwik balance
Now, select the withdraw option
Money will be transferred to your linked bank account
You can pay your credit card bill using Mobikwik wallet. I think it is the best method. because the charges are less than 2%. Also, you are eligible for different credit card bill payment offers. You can transfer up to Rs. 100000 from your Mobikwik wallet to your bank account. However, you need to register the bank account to initiate the transfer.If the bank account is not already registered on the Mobikwik app, it can take up to 30 minutes for the first transfer.
Open the Mobikwik App
Select the credit card bill payment option
Choose Mobikwik Wallet for payment
Enter coupon code for additional offers
Complete the transaction
So that’s all about the different methods to transfer money from the Mobikwik wallet to a bank account for free without any convenience fee. You can try all these methods, and I am sure you will succeed. All the methods for wallet to bank transfer have been tested and verified by me.
Q1. Can I transfer money from MobiKwik wallet to bank account?
A1. Yes, you can find the wallet to bank transfer feature on Mobikwik. However, you can use the feature only if you are a full KYC user.
Q2. How can I transfer money from MobiKwik wallet to bank without fees?
A2. Mobikwik charges ca onvenience fee for the wallet to bank transfer. However, with the help of select apps, you can also transfer wallet to bank for free.
Q3. How much does MobiKwik charge for bank transfer?
A3. The convenience charge for a wallet to bank transfer on Mobikwik is 3.35% + Tax. So if you want to transfer Rs. 100, you will be charged around Rs. 4 aa s convenience fee.