How to Link & Manage All Your Bank Accounts in PhonePe

In today's technology-trending world, juggling multiple bank accounts is common. But managing them all can feel like a chore. Thankfully, PhonePe, a popular payments app in India, offers a solution: Linking multiple bank accounts. 

This allows you to simply switch between accounts for Phonepe payments, recharge your phone, pay bills, and more within a single app. 

This comprehensive guide will walk you through the process of adding multiple bank accounts to PhonePe and managing them effectively.

Benefits of Linking Multiple Bank Accounts in PhonePe

There are several advantages to linking multiple bank accounts in PhonePe:


No more switching between apps! PhonePe lets you manage your finance all in one place.


Easily track expenses and categorize transactions across different accounts.


Choose the most suitable account for each transaction based on factors like available balance or reward programs.

Quick Payments: 

  • Send and receive money instantly from any linked account.
  • Before You Begin: What You'll Need
  • Your PhonePe app (ensure it's the latest version).
  • The registered mobile number linked to your bank accounts.
  • Debit or ATM card details for each bank account you want to link.

Linking Your First Bank Account:

  • Open the PhonePe app and log in.
  • On the home screen, locate the "Bank Accounts" section.
  • Tap on "Add Bank Account."
  • Select your bank from the list of available options.
  • Enter your registered mobile number associated with that bank account.
  • Update PhonePe often for the latest security. Enter the OTP in the app.
  • In some cases, PhonePe might fetch your account details automatically. If not, you may need to enter your debit/ATM card details and expiry date.
  • Review the information and confirm.
  • Congratulations! Your first bank account is now linked to PhonePe.

Adding More Bank Accounts:

  • The process for adding multiple bank accounts to PhonePe is very similar:
  • Go to the Bank Accounts' in PhonePe.
  • Tap on "Add Bank Account" again.
  • Follow steps 4-8 mentioned above for each additional bank account you want to link.

Managing Your Linked Bank Accounts:

Viewing Linked Accounts: 

You can see a list of all your linked bank accounts within the "Bank Accounts" section.

Setting a Default Account: 

Choose a preferred account for transactions by tapping "Set Default" next to the desired account.

Renaming Accounts: 

Assign nicknames to your accounts for easier identification (e.g., "Savings Account" or "Salary Account").

Important Security Tips:

  • Never share your PhonePe PIN or OTP with anyone.
  • Beware of phishing scams. PhonePe will never ask for your complete debit/ATM card details or PIN over email or phone calls.
  • To benefit from the latest security safeguards, make sure to update your PhonePe app frequently.

In Conclusion:

Linking and managing multiple bank accounts in PhonePe simplifies your financial life. By following these steps and prioritizing security, you can enjoy the convenience and control that PhonePe offers.

So, what are you waiting for? Link your bank accounts today and experience the ease of managing your finances at your fingertips!

365Bloggy April 9, 2024
Share this post