How to transfer funds from Kotak bank to Pi42 wallet - Instant Deposit

Modified on Tue, 12 Aug at 2:45 PM

Step 1: Log in to the Kotak Mobile Banking App

Open the Kotak Mahindra Bank mobile app.
Log in using your MPIN or CRN & Password.

Step 2: Add a Beneficiary

Tap Add Beneficiary from the home screen or menu.

Step 3: Navigate via “Send Money”

Tap Send Money.
Then select Add New Beneficiary.

Step 4: Select Bank Type

Choose “Other Bank” from the list.

Step 5: Enter Payee (VAN) Details

Open your Pi42 app and copy the VAN account number and IFSC code shown there.
Paste these details into the sbi app payee form.
After entering beneficiary details, “Tap Continue”.

Note: VAN details for every Individual How to check VAN details on Pi42 app

Step 6: Review and Submit for Verification

Recheck the details Click on “submit” for verification.

Step 7: OTP Verification

An OTP will be sent to your registered mobile number.
Enter the OTP and tap Activate.

Step 8: Select Beneficiary for Payment

Once verified, your beneficiary will appear in the Beneficiary List.
Select the beneficiary, enter the amount, and tap Continue.

Note: Min amount: 200 for IMPS

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Step 9: Choose Payment Mode

Select IMPS as the payment method.

Step 10: Confirm & Authorize Payment

Review all details once again.
Tap “Confirm & Pay”.
Enter your “MPIN” to authorize the transaction.

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Step 11: Payment Complete

Once confirmed, the funds will be instantly credited to your Pi42 wallet.