How to transfer funds from Kotak mahindra bank to Pi42 wallet

Modified on Wed, 24 Jan at 11:37 AM

Step 1- You need to enter the Deposit amount on Pi42.com and click on create Order ID

Step 2 - As soon as you click on "create order ID."you'll get your Unique deposit Id (6a719) and the bank information where you need to deposit the funds. Copy your UDI and Paste it in the remarks section while making the transfer on your Kotak banking app”

Step 3 - Login to your Kotak mahindra mobile banking app

Step 4 - Click on Transfer money

Step 5 - Tap on ‘Send Money’.

Step 6 - Then click on the ‘Add Beneficiary’’ tab

Step 7 - Select ‘Other Banks’ from the drop down list in the ‘Select Bank’ option. Then search for the IFSC code, and confirm that it is Equitas Small Finance Bank.

Step 8 - Enter the new payee account details, that is, [Account No. / IFSC Code / Beneficiary Name / Remarks]. Paste the copied UDI in remarks section.

Step 9 - In account type, you can select ‘Current’ and then ‘Continue’.

Step 10 - Double-check the details you've entered and tap ‘Submit’.

Step 11 -You will receive a Beneficiary Activation Key on your registered mobile number. Please enter the same and tap ‘Activate’ to add the new beneficiary.

Step 12 - It may take 2- 4 hours for the new beneficiary to be activated. However, you can transfer funds soon after adding the beneficiary. The funds will be processed as soon as the beneficiary is activated.

Transfer Funds

Step 1 - Once the beneficiary is activated, select the ‘Transfer Now’ option and continue.

Step 2 - Enter the amount to be transferred, then click on continue

Step 3 - Select IMPS in the ‘When to pay’ section and ‘Continue’.

Step 4 - Check the details you've entered and tap ‘Confirm & Pay’.

Step 5 - Please enter the MPIN to confirm the transaction

Step 6 - Once you enter the MPIN, your payment will be successful

Complete the deposit process in Pi42 web

You will receive an SMS with the UTR Transaction ID (Reference ID). You need to enter this Transaction/Reference ID in the space provided as Reference ID on Pi42 web. Click "Submit"

Note: You may also find the Transaction/Reference ID on your banking app payment successful page.