Key Highlights
- Transferring Ola Money cash to a bank account is now a possibility
- Funds can be transferred using OLA Android and iOS app
- Process can’t be completed without the authenticated OTP
Ola is the largest cab aggregator in India and one of the top ride-hailing companies in the world. For billions of users, the company has redefined mobility and serves over 250 cities in India, Australia, New Zealand, and the United Kingdom. Since Uber entered the Indian market, the popular ride-hailing service has been in a continual war with it. Ola has now expanded its user base by offering a variety of services and low-cost trips among other things.
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Apart from the low prices, the ride-hailing company has made the payment procedure much simpler by providing a variety of payment options such as Ola Money. It gives its users the best deals such as cashless rides in Ola cabs, recharges, and bill payments. You can also shop on various merchants’ sites like Oyo, Healthkart, Askmebazaar, Cleartrip, Shopclues, and more.
Ola Money allows users to send money to a bank account. The app now offers a feature called “Ola Money to Bank Account”. It allows you to transfer all of your money to your bank account. They are employing a common method known as IMPS which allows money to be sent instantly into a bank account. So, if you have funds in your Ola Money app, transfer them right now. But how do you do it? In this article, we’ll show you how to transfer Ola Money to your bank account.
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Step-By-Step Guide To Transfer Ola Money To Bank Account
Step 1: First, download Ola Money App on your mobile phone.
Step 2: Install and launch the Ola Money App.
Step 3: Sign up or log in using your username and password.
Step 4: On the home page, scroll down and select the “Transfer to Bank” option.
Step 5: Click on it and Enter the bank account number, IFSC code, name, and amount. Then, submit it.
Step 6: On your screen, a pop-up will appear to confirm the details. Click on Submit.
Step 7: Now, you get a confirmation OTP to your mobile number.
Step 8: Enter OTP and you are done.
By following the above-mentioned process, Ola Money cash will get transferred to your bank account instantly using IMPS Method.
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