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Transfer ola money to bank account

(Update) New Method to Transfer Ola money to other Wallet

6 October 2018 85

So you are searching for a method to transfer ola money to bank account? I have just updated a new method to withdraw Ola money. You can also withdraw ola money to bank account using 2nd method (Which is given at bottom of this post). 2nd method is also working fine for me but some users don’t have bank transfer option in their ola money app.

From last few days, I was getting many comments from users to find a new trick to transfer ola money as IMPS option was not working for them. So, I found an App which is accepting Ola Money as Payment mode and you can buy Amazon/Flipkart gift cards with your Ola Money Balance. Please let me know if this method is helpful for you or not 🙂

New offer -> 10% Cashback on add money in ola money wallet.

New Method to Withdraw Ola Money

  1. First of all, Download Komparify App here
  2. Now Install Ola Cabs App and sign in with the same account you have on Ola Money. (With Olacabs App you can’t pay via Ola money)
  3. Open and Complete Registration.
  4. You will see Recharge option in Homepage of App, Click on it.
  5. Now you will see many options – Mobile, Datacard etc. In this line click on Shopping
  6. Enter your Mobile number
  7. Choose any Gift Card which you want to buy, Amazon/Flipkart/Jabong/Mytra etc.
  8. Enter Value (Amount),
  9. Recipient Name– Any Name (You can enter yours)
  10. Recipient Email ID (In which you want to receive your gift card, Enter it carefully)
  11. Gifter’s Name– Enter your Name
  12. Gifters Email ID– Your Email ID. (You can same Email ID which you entered above)
  13. Now Click on Recharge button
  14. You will be redirected to Payment page, Now choose Payment Mode “Ola Money“
  15. That’s it, Now login using your Ola Money account and Pay.
  16. You will receive your gift card to your Email ID in few mins. (many times Instantly)

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Some Important Points

  1. If you are a desktop/Laptop user, you can try all these steps on Komparify.com website. To do Same, you will find See more option in Recharge & Bill Payments section on Homepage. Click on E-commerce Vouchers and follow step 6 to 13 same as given above.  In browser, you just need to enter your Ola Money registered Mobile number, So you can pay directly without downloading any App.
  2. Komparify will charge 2% extra.

Recommended- Phonepe App- 225 Rs on Signup + 75 Rs Per Refer

How to use Amazon Gift Cards

  1. First of all, Visit this Amazon link
  2. Enter gift card you received, and click on Add to your Balance.
  3. That’s it, now you can use this balance to purchase any product on Amazon or for recharge.
  4. Niki is the best app to utilize your Amazon Balance. You will get 30 Rs on Sign up and then if you pay via Amazon balance for any recharge/bill payment on Niki App, You will get 50% Cashback. Visit here to know more about Niki Amazon Pay offer.
  5. You can add the unlimited number of gift cards to one Amazon account.

Recommended- Niki App- Get 30 Rs on Signup

If you don’t want to use Amazon gift card yourself, you can give it to your friend who needs to buy any mobile or anything from Amazon and you can ask him to pay you money in return.

That’s it, folks! If you have any doubt related to above steps, please feel free to ask me in the comments box below. I’m always here to help you.

Please don’t forget to share this post and let your friends know about this method.

Recommended- Freecharge new user offer– 100% Cashback on 1st Recharge

How to Transfer Ola Money to Bank account

This is an official method to transfer ola money to bank account. It is still working for me. You may also try.

  • First of all, Download Ola Money App Here.
  • Login/Sign up.
  • On Homepage of App, Under Payments Section, Click on Withdraw option

ola money to bank account option

  • Enter your Bank Details, Submit and Confirm.
  • Now enter your OTP.
  • Bingo!!! Your Ola money will be transferred to bank account Instantly 🙂
  • By this method, Ola will charge approx 39 Rs, if you transfer 1000 Rs.

Please note- You can’t transfer cashback to Bank account.

Both methods are working, last time verified on 07 February 2018, 01:26 PM.

Recommended – Free Recharge Tricks || Refer and earn Apps.

Ola Money To Bank Transfer Limits

  1. (Increased) Daily Bank  Transfer Limit – 4000 Rs (Max 3 Transactions per day)
  2. Monthly Bank Transfer Limit- 25,000 Rs

So, this post was about How To Transfer Ola money to Bank account. If you have any trouble in transferring your ola money cash to bank account, Just drop a comment below. I will help you as soon as possible 🙂

Tags:- Ola money to bank account, Transfer Ola money cash to bank account.

85 Comments
  1. Reply
    Dheeraj 21 February 2020 at 2:31 pm

    I am not getting a withdraw opgion in my application,my KYC formalities are also completed. I am not able to transfer the amount to my bank account

  2. Reply
    Lavleen 30 March 2019 at 10:28 pm

    My kyc is updated…then also i m not able to transfer my to my bank

  3. Reply
    KANNAN 20 April 2018 at 10:29 pm

    I can’t able to transfer my money to any bank account with ola money

  4. Reply
    Alias 23 March 2018 at 5:42 pm

    What is the maximum amount to transfer so that ola doest charge extra money. (IF THERE IS SOMETHING PLEASE TELL ME.)

  5. Reply
    Gracey Matthews R 3 March 2018 at 5:00 pm

    Hello All,

    I am unable to withdraw my amount from the ola money app to the bank account. It is asking for the KYC update even though I have updated the same

    • Reply
      Dinesh Sangwan 3 March 2018 at 6:35 pm

      Hi Gracey, Please contact Komparify Customer Care – https://www.facebook.com/komparify/

      Only they can help you in this case.

  6. Reply
    Bijender 12 February 2018 at 10:08 pm

    I don’t have withdrawal option in my ola money how can I get that…please help.me…

  7. Reply
    J.Mugunthan 9 February 2018 at 5:11 pm

    hi ,

    I am not able to find any withdraw or transfer to bank option on the mobile of the OLA Wallet app.
    could you please help me.

    • Reply
      Dinesh Sangwan 9 February 2018 at 10:43 pm

      Hi, Many users have faced the same issue. (Not showing Bank transfer option). You can try Komparify method to withdraw ola money in Amazon/Flipkart etc. gift cards 🙂

  8. Reply
    Indian 8 February 2018 at 6:03 pm

    I have a best trick to transfer ola money balance in bank account

  9. Reply
    Puneeth 22 December 2017 at 6:11 pm

    This is my WhatsApp number -*(Removed by admin)* please message me I will talk to you urgent

    • Reply
      Dinesh Sangwan 22 December 2017 at 6:56 pm

      Please don’t share your Whatsapp number publicly. If you want to talk to us, please contact here- https://hexcode.in/contact/

  10. Reply
    Javeed 15 December 2017 at 9:58 pm

    I don’t see withdrawal option into my account.

    What is the issue? I need to transfer funds immediately..

    please help

  11. Reply
    Saurabh 15 December 2017 at 11:02 am

    In my ola money app, the option of withdrawal is not showing. Now what should I do to transfer my ola money to my bank account??

  12. Reply
    Mugdha Kulkarni 8 December 2017 at 5:40 pm

    I dint know that minimum amount must be 1000 to withdraw
    I had withdrawn 500 rs
    what to do in that case

  13. Reply
    Gopikrishna 27 November 2017 at 5:46 pm

    It seems that withdrawal of the amount from ola money has been removed

  14. Reply
    Huzefa Kazi 22 November 2017 at 10:57 pm

    So now even if we transfer only 1000/- then also its not free?

  15. Reply
    Huzefa Kazi 19 November 2017 at 8:29 pm

    Ya, its available only for android. But Bank transfer charges are awfully expensive. Its 4% + GST come to around 5%.

  16. Reply
    Huzefa Kazi 18 November 2017 at 8:54 am

    Even i cant see the Withdraw option on IOS app. I have the latest updated IOS version of OLA Money.

    • Reply
      Dinesh Sangwan 18 November 2017 at 1:11 pm

      Hey, I checked in latest version of Ola Money Android App. It’s still showing this option. Please contact to Ola Money customer care or try in Android App.

  17. Reply
    vinod 8 November 2017 at 2:35 pm

    In ola money app option of transferring money to bank account is not shown in the home page,please help me about that

    • Reply
      Dinesh Sangwan 9 November 2017 at 11:11 am

      Hey Vinod, Please check 3rd Step (I have updated this post and latest steps today – 09 November)

      If you still need any help, please let me know 🙂

      • Reply
        vinod 9 November 2017 at 3:34 pm

        Hi
        I am not able to find any transfer to bank option on the home page of the app

        • vinod 9 November 2017 at 3:36 pm

          3rd step no available in my ola money apps

          kindly rectify in confirm urgent

        • Dinesh Sangwan 9 November 2017 at 6:33 pm

          Do you have the latest Version?

          I installed App today to check this option for you and I have it in my account.

          Please contact to Ola money customer care- https://www.facebook.com/OlaMoneyOfficial/

          They may assist you better.

  18. Reply
    Pramod 4 November 2017 at 8:40 am

    In ola money app option of transferring money to bank account is not shown in the home page,please help me about that

    • Reply
      Dinesh Sangwan 9 November 2017 at 11:09 am

      Hey Pramod, I have updated new steps (Please check step 3). Also updated Screenshot.

      If you still don’t get option, please update your Ola money App to latest version.

      Please let me know if you further need any help regarding Ola money to bank transfer option.

  19. Reply
    Ankit Singhal 19 June 2017 at 8:04 am

    Sir, could you tell me that if I transfer 1000rs in my bank account from ola money app three time in a day then will it take any charges. Please tell.

  20. Reply
    Your Jeevan Kumar 29 May 2017 at 8:49 am

    I have sent ₹.2000 by ola money transfer when I was trying to sent,it asked me o my mobile number of the recipient.It didn’t ask me his Bank Account details.Yhe moment,I feeded the mobile number, I got the message that the money is transferred.
    Is it the method?Has the money reached the recipient?
    Please advise me.
    Jeevan Kumar

  21. Reply
    Sushanth 26 April 2017 at 12:01 pm

    Hey Will the 4% be levied even for amounts less than INR 1000?

  22. Reply
    Lav Bairoliya 15 April 2017 at 3:54 pm

    Hi, in my app there is no such option “transfer to bank”. Please suggest.

  23. Reply
    Sumit 13 April 2017 at 3:10 pm

    I tried to transfer money to bank account of i select 100 or 1000 whatever is amount it’s been charged with 4% fee why…? I use before that time I was not charged with fee of 4% but now it’s been charged don’t know why..pls help

  24. Reply
    Sagar Kekade 6 April 2017 at 9:31 pm

    Hello,

    I have transfer the amount to Bank but I am not getting what I transferred. For instant, if I transfer the amount of Rs. 7962 the about credited to bank is Rs. 7610. So it means I am getting Rs. 350 less.

  25. Reply
    Ram 22 March 2017 at 9:44 am

    Dear sir
    I am unable to see the transfer to bank option for Ola money in my iPhone
    Is it available only for androids? Pls help me

    • Reply
      Dinesh Sangwan 22 March 2017 at 12:36 pm

      Pardon me Ram! I don’t know about this feature in IOS

      • Reply
        Ram Kumar 22 March 2017 at 2:14 pm

        Greetings of the day!

        Thanks for writing to us,

        This to keep you inform that, the withdraw facility is not live on IOS and Windows platform, however, we are working in order to get the option live on both the platform.
        We value your business and kindly write to us for further assistance.

        Regards,

        Team Ola Money

  26. Reply
    Naresh 6 March 2017 at 4:02 pm

    Today I added money in my wallet but I am unable to transfer money to other and bank account also. may I know the reason? 9866552852

    • Reply
      Dinesh Sangwan 6 March 2017 at 5:14 pm

      Dear many people have reported about this issue. It’s working for some users and not for others.

      So, if it is not working for you then better use it somewhere.

  27. Reply
    Manish Kumar jha 3 March 2017 at 3:13 pm

    how can i transfer from ola money to bank account.

  28. Reply
    Vaibhav Kamble 27 February 2017 at 8:31 am

    Hey, my account is not able to transfer any amount, what to do now? It’s always shows that this account is temprory disable to transfer any amount

    • Reply
      Dinesh Sangwan 27 February 2017 at 10:58 am

      May be you have used same bank account number in two ola accounts.

      Howevery, you can write to https://twitter.com/olacabs, they will help you to unblock

  29. Reply
    Ajit singh 24 February 2017 at 12:22 pm

    How can we transfer cashback earned from ola money recharge(20℅add money)only amount which i add transferred to account. Any solution to trnsferr olamoney and freecharge cashback to send bank account.

    • Reply
      Admin 24 February 2017 at 12:30 pm

      You can directly transfer ola money from app, However it is not working for some users and working for others. I will update if i find any way to transfer fc cashback to bank

  30. Reply
    MOULALI 5 February 2017 at 10:27 pm

    Heyyy admin, it seems daily transfer limit increased to 4k.

    Note latest Daily Bank Transfer Limit – 4000 Rs, Monthly Bank Transfer Limit- 25,000 Rs.

  31. Reply
    Ankit Agarwal 5 February 2017 at 7:25 pm

    When I am trying to transfer it says- Transfer has been disabled for this account. Please help

  32. Reply
    Dellibabu 2 February 2017 at 9:02 am

    Hi , How much amount i can transfer to nbank account from my OLA money APP per month . and what are the charges applicable

    • Reply
      Admin 2 February 2017 at 9:58 am

      1. Daily Bank Transfer Limit – 3000 Rs (Max 3 Transactions per day)
      Monthly Bank Transfer Limit- 25,000 Rs

      2. Upto 1000 Rupees Per transaction is free, So please transfer in parts

  33. Reply
    Rajeshwar reddy 1 February 2017 at 11:19 am

    It shows that the service is temporarily unavailable. What to do??

  34. Reply
    Ammy 30 January 2017 at 9:42 am

    Will I get 50₹ referral money and 100₹ cashback both when I add 1000₹ to ola money app using Payzapp

  35. Reply
    Ammy 27 January 2017 at 10:30 pm

    Is bank transfer are instant

  36. Reply
    Ammy 27 January 2017 at 10:28 pm

    Is the bank transfer is instant.

  37. Reply
    Harsha 25 January 2017 at 7:06 pm

    Hi
    I am not able to find any transfer to bank option on the home page of the app

  38. Reply
    Swamy 9 January 2017 at 6:41 am

    What is the monthly limit to transfer to bank?

  39. Reply
    Royal vamshi 5 January 2017 at 5:13 pm

    I tried transfer amount..
    Error show..
    Bank transfer Temporarily disabled this account.

  40. Reply
    Ravi kumar 5 January 2017 at 9:02 am

    I used Same bank account on two ola account.
    So bank transfer account block. 🙁
    How unblock to bank transfer please admin provide me solution.

    • Reply
      Admin 5 January 2017 at 10:56 am

      I already warned in post Ravi. Now you can ask ola to unblock your account by saying that another account is of my family member and we have only one bank account. It may work 🙂

  41. Reply
    wunder 2 January 2017 at 12:47 pm

    unable to add payment using payzapp card

  42. Reply
    Harish 1 January 2017 at 6:31 pm

    Both the C care nos u given above are showing as invalid

  43. Reply
    Arushi Gupta 24 December 2016 at 8:46 pm

    It shows that the service is temporarily unavailable. What to do??

    • Reply
      Debdutta Halder 22 March 2020 at 10:52 am

      I am also facing the issue. Not able to withdraw the money to my bank account from the wallet. Some error is there.

    • Reply
      Admin 24 December 2016 at 8:57 pm

      It may be their server problem. Try again after some time. If it remains same please contact on Ola Money Customer care number- +91 80 6735 0900 or +91 22 3094 7900

  44. Reply
    Swagata 19 December 2016 at 9:00 pm

    hi,
    I have tried to transfer ola money to other bank account but it is showing exceed limits for the day.But i have tried it for the first time.

    help me please.

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