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Why KYC is not working in Paytm?
Why can’t I do it on Paytm app? KYC requires Address proof of customer. You can do this verification using Aadhaar on Paytm app. However if no mobile is linked to your Aadhaar a Paytm agent will need to do in-person verification of your Aadhaar or any other Govt id to do with KYC.
Can I complete my Paytm KYC at home?
Option 3: KYC at your Doorstep Also, this facility is not available at all locations but only in a few select cities. You can opt for the ‘KYC at your Doorstep’ option as illustrated in the preceding image. Without KYC, Paytm users cannot add money to their Paytm Wallets.
How can I update my KYC in Paytm without going to KYC Center?
You do need to go to the Paytm store. You can do Paytm KYC complete without going to any Paytm store. An option is available in the Paytm application….Paytm KYC latest update-
- Select Paytm KYC.
- I want to do KYC.
- Now choose your KYC-related issue.
- Select the message option.
- Describe your problem and submit it to Paytm.
What is the validity of minimum KYC in Paytm?
24 months
As per RBI guidelines, minimum KYC is valid for 24 months only. To get complete benefits of wallet and to continue usage beyond 24 months, you need to complete your full KYC. As per RBI guidelines, you to need do complete your minimum KYC to activate your wallet.
Can I do KYC online?
If you do not have the time to go through the KYC procedure offline and wondering if KYC can be done online, the answer is ‘YES’. e-KYC eliminates physical paperwork and in-person verification that is needed in case of regular KYC registration.
Where is the KYC option in Paytm?
Aadhaar based KYC at your Nearby KYC Point: You can find nearby KYC points by tapping on http://m.p-y.tm/kyc on your smartphone or visiting this link on your browser. You may also tap on the ‘Nearby’ icon on the blue strip at the top of Paytm App Home page.
What is KYC expiry date?
As per RBI guidelines, your minimum KYC will expire in 24 months unless you complete full KYC with in-person verification. After expiry, you will not be able to add money to your wallet or transfer the balance amount to your bank account.
What happens if KYC is not done?
ARTICLES. The Reserve Bank of India (RBI) on Monday reiterated that until December 2021, banks cannot freeze accounts if the customer has not done a periodic KYC (know your customer) update. The RBI also said that it has made the process of KYC updation much simpler.
Why can’t I use Paytm without the KYC details?
Without the KYC details, digital wallets like Paytm, Ola Money, Amazon Pay, Freecharge won’t let you use complete functionalities of the digital wallet app. This is because of not completing KYC process which is now mandatory for all digital wallet users. You can complete KYC with the help of Aadhaar card.
What happens when my minimum KYC expires?
As per RBI guidelines, your minimum KYC will expire in 24 months unless you complete full KYC with in-person verification. After expiry, you will not be able to add money to your wallet or transfer the balance amount to your bank account.
How much is the fee for KYC?
There is no fee for KYC. It is absolutely FREE Why do you collect additional details post verifying my Aadhaar? Why KYC itself is a in person process. Why can’t I do it on Paytm app? KYC requires Address proof of customer. You can do this verification using Aadhaar on Paytm app.
How do I check if my KYC has been done?
A. Login to your Paytm App and tap on your name in the navigation panel on the left hand side. If your KYC has been done, you will see a blue tick-mark next to your name. Q. Is it necessary to open a savings account if I want to complete my full KYC?