FreeCharge, along with Paytm and MobiKwik, is one of the largest mobile wallets in India and rides on the wave of cashless payments that has taken off since the demonetization of the rupee. 500 rupees. 1,000 on November 8th. You can use FreeCharge wallet to pay bills, recharge mobile phones, purchase goods on Snapdeal, book movies on BookMyShow, book tickets on IRCTC, etc. Apart from this, the FreeCharge wallet can also be used to transfer money to other users, bank accounts, and NGOs.
(See also: How to transfer money from Paytm wallet to bank account)
Not sure how to transfer money from FreeCharge wallet to your bank account? Please follow these steps:
Transfer funds from FreeCharge wallet to bank account via app
- Open the FreeCharge app and click account
- Click My account details button
- Click on the balance in your wallet (below your name and email ID)
- hit extract button and select the bank account you want to transfer funds to
- tap extract
(See also: How to transfer money from MobiKwik wallet to bank account)
Transfer funds from the FreeCharge wallet to your bank account via the desktop website:
- Log in to your FreeCharge account and click add money button
- In the next window, select Withdraw money to bank Options (second option from bottom left)
- Select the bank you want to transfer to and click extract
You can transfer up to Rs. Deposit Rs 5,000 into a bank account from FreeCharge wallet at a time, subject to a maximum limit of Rs 5,000. 25,000 a day. If you transfer Rs. 25,000 a day and you will not be able to send any more money to your bank account for the entire month. 25,000 is also the monthly limit. However, if you transfer a sum to a FreeCharge wallet, you must wait two days for it to be transferred to your bank account. Additionally, the cashback amount you receive from merchants cannot be transferred to a bank account but remains in your wallet.
(See also: FreeCharge launches ‘cash on delivery’ service)
Before December 31, 2016, transfers from FreeCharge wallets to bank accounts were free; this may change after January 1, 2017, but the company has not yet made a final decision on the matter.
Check out our similar guides for Paytm and MobiKwik.