How to Transfer Amazon Pay Balance to a Bank Account – Explained

Tej got a notice for his birthday with a gift of ₹5,000 in Amazon Pay, which he wished to move to his bank account. Let’s take a look at how easy it was for him to do:

Steps Devam Followed:

• Opened the Amazon app and logged into his account.
• Went to Amazon Pay and clicked on "Balance."
• Selected "Withdraw Funds" and entered ₹5,000 as the amount.
• Choose his bank account (already linked to Amazon Pay).
• Confirmed the details and clicked "Continue."
• Entered his UPI PIN to complete the transfer.

Time and Charges:

• The money reached his bank account in 3 hours.
• Devam checked his bank statement to confirm the transfer.

That’s how Devam easily moved his Amazon Pay balance to his bank!

Requirements to Transfer Amazon Pay Balance to Bank (Example: Devam’s Transfer)

Before Devam could transfer funds from Amazon Pay to his bank account, he reviewed the set requirements.

What Devam Needed:

• Verified Amazon Account: His email and phone number were already registered.
• Linked Bank Account: He added his SBI account to Amazon Pay.
• UPI ID (For Fast Transfer): He used his UPI ID (devam.123@upi) for quick transfers.
• Minimum Balance: Amazon Pay allows transfers as low as ₹10.

How Devam Linked His Bank Account?

1. Opened Amazon Pay in the app.
2. Went to "Bank Accounts" under "Manage Balance."
3. Clicked "Add Bank Account" and entered:

• Bank name: State Bank of India (SBI)
• Account number
• IFSC code

4. Verified with OTP sent to his phone.

Key Requirements Summary:

Once everything was set, Devam could easily transfer his ₹5,000 Amazon Pay balance to his bank.

How to transfer Amazon Pay balance to the Bank?

Devam decided to transfer his Amazon Pay balance to his bank. This is the way he went about it:

Step-by-Step Process:

 Opened the Amazon App

• Went to the Amazon Pay section
• Clicked on "Balance"
   

 Selected Withdraw Option

• Choose "Withdraw Funds."
• Entered amount: ₹5,000

Choose Transfer Method

• Picked UPI Transfer (faster)
• Selected his UPI ID: devam.123@upi

Completed Transfer

• Verified details
• Entered UPI PIN
• Got a confirmation message

Transfer Options Comparison:

Important Notes

• Minimum transfer: ₹10.
• Always check bank account details before confirming.
• Transfers may be delayed during bank holidays.

It took Devam only 3 hours to get his money into his bank account. He looked at his bank app to make sure the money was there.

Time Taken for Amazon Pay to Bank Transfer

Devam transferred ₹5,000 from his Amazon Pay to his bank account. Here's how long it took:

Transfer Timings Devam Experienced

• UPI Transfer (what Devam used):
• Started at: 3:00 PM Monday
• Money received: 5:30 PM same day (2.5 hours)
  
• Bank Transfer (NEFT/IMPS):
• His friend Rohan tried this
• Started at: 11:00 AM Tuesday
• Money received: Next morning (about 22 hours)

Transfer Time Comparison

Important Notes:

• Weekends/holidays may add 1 extra day
• The first transfer sometimes takes longer
• Always check:
• Correct UPI ID/bank details.
• The bank's working hours.

Devam was happy his money came quickly. He recommends UPI for faster transfers.

Charges for Transferring Amazon Pay Balance to Bank

Devam was looking to transfer ₹5,000 from his Amazon Pay account into his bank account. He was pleased to find out about this:

Transfer Charges Devam Paid

• Amazon Pay's Fee: ₹0 (Free transfer)
• Bank's Fee: ₹0 (No charges from his SBI bank)

What Devam Learned About Charges?

1. All transfer methods are free:

• UPI transfers
• Bank transfers (NEFT/IMPS)
  
  

2. No hidden costs for any transfer amount
   
   
3. Some banks may charge:

• But most big banks (like SBI, HDFC, ICICI) don't charge

Fee Comparison Table:

Important Notes

• Always check with your bank for any special charges.
• No minimum balance is needed in Amazon Pay to transfer.
• First-time transfers are also free.

Devam sent his ₹5,000 free of fees. He was glad at how little the repair cost.

Problems Devam Faced While Transferring Amazon Pay Money

He began by moving ₹5,000 to his bank, only to meet some difficulties. Here’s how he sorted them out:

Devam says most problems get solved by:

• Double-checking details.
• Waiting for some time.
• Contacting support if needed.

Conclusion

Devam successfully transferred his ₹5,000 from Amazon Pay to his bank account after learning a few things. He found the process simple once he linked his bank account and used his correct UPI details. While the transfer was free and quick, he learned that sometimes problems like wrong PIN entries or bank delays can happen. 

Devam now knows to double-check all details before transferring, be patient if the money doesn't show up immediately, and remember the daily limit of ₹10,000. Overall, he's happy with how easy it is to move money from Amazon Pay to his bank. The experience taught him that digital payments are convenient when you pay attention to the basic steps and don't panic if issues arise.

FAQs

1. Can I transfer Amazon Pay balance to any bank account?

Yes, but like Devam, you need to first link and verify your bank account in Amazon Pay. He added his SBI account before transferring ₹5,000.

2. How long does the transfer take?

Devam's UPI transfer took 3 hours, while bank transfers may take up to 1 day. Weekends sometimes cause delays.

3. Is there any transfer fee?

No, Devam didn't pay any fees when moving his ₹5,000. Amazon and most banks don't charge for these transfers.

4. What's the minimum amount I can transfer?

You can transfer as little as ₹10. Devam tested this by first sending ₹100 before his ₹5,000 transfer.

5. Why did my transfer fail?

Like when Devam entered his UPI PIN wrong, failures happen due to incorrect details or network issues. Double-check and try again.

6. Can I cancel a transfer after sending?

No, once Devam confirmed his ₹5,000 transfer, he couldn't cancel it. The money reached his bank in a few hours.

7. What's the daily transfer limit?

Devam learned that Amazon Pay allows ₹10,000 per day. For ₹15,000, he had to split it over two days.

8. Why hasn't my money arrived yet?

Sometimes banks take longer. Devam waited 24 hours when his first transfer seemed delayed, and it arrived.

9. Do I need a UPI ID to transfer?

No, but Devam found UPI fastest. Without UPI, use a bank transfer, which takes more time.

10. What if my bank isn't listed?

Devam's friend faced this - they had to use a different bank account that Amazon Pay supported.

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LoansJagat Team

We are a team of writers, editors, and proofreaders with 15+ years of experience in the finance field. We are your personal finance gurus! But, we will explain everything in simplified language. Our aim is to make personal and business finance easier for you. While we help you upgrade your financial knowledge, why don't you read some of our blogs?