What is KYC and Non- KYC in Paytm? - Paytm KYC Benefits

What is KYC and in Paytm?

KYC stands for Know Your Customer. The main intention behind doing KYC is to prevent banks from being used unintentionally or for the wrong purpose. I hope after reading this article you will have no doubt about What is KYC in Paytm?

paytm kyc process

Paytm KYC Benefits :

As per the guidelines of Reserve Bank Of India all customer of any wallet or bank who want to use for higher balance for sending money or for another purpose.

Different Types of ways to do KYC in Paytm

  • Self KYC (Aadhar + OTP)
  • Doorstep KYC
  • Nearby KYC Office
paytm kyc online

1.Self KYC (Aadhar + OTP)

Aadhar + OTP based KYC will be completed in a min. It is completely a paperless KYC.

  • Open Your Paytm app.
  • Click KYC on blue strip in your Paytm App
  • Enter your Aadhar number and Name.
  • Enter the OTP ( One Time Passward) sent to your registered mobile number that is linked with UIDAI.
  • Now confirm your identity.
  • Fill the given form that consists of your personal details.
  • You have now done your KYC.

2.Doorstep KYC

You can choose this method when your mobile number is not registered with UIDAI or the number is registered is lost or in any other case. Simply you have to select Doorstep KYC in Paytm and book an appointment according to your suitable time. A Paytm agent will come to your address and collect the relevant data and your KYC will be done as soon as possible. You can show any government registered documents for KYC

3.Nearby KYC Centre

This process is also useful if we are not able to do KYC itself. Simply open the paytm app and locate the nearby KYC center, after that visit the nearest KYC center with relevant documents to get your KYC done.

Difference Between Mini and Full KYC:

Non KYC User: Any individual who join on Paytm with their versatile number and not submitted there any Identity Proof to the Paytm to update their wallet. As indicated by most recent direction by RBI, such non KYC clients won't almost certainly include cash in their Paytm Wallet and furthermore helpless to send cash to different clients. In the event that client have any Wallet balance, at that point they can utilize it to Pay on Paytm and it's vendor. 

Mini or Full KYC : Any Paytm clients who join on Paytm wallet and presented any character evidence for the KYC check is known as KYC clients. Right now all clients need to update their record as per most recent direction by RBI to all the prepaid wallet in our nation. There are numerous approaches to done your KYC, similar to least KYC in which clients just need to present their PAN card number or Aadhaar number or some other ID Card like driving permit number or voter ID card numbers , work card number and after that theirs wallet legitimacy will be stretched out to 1 years . 

You can do completely KYC with the assistance of Aadhar Card OTP based or biometric check and fundamental advantage of this, you can ready to send cash to different clients and add cash to your Paytm wallet or pay at site or any Merchant consistently. Your month to month wallet breaking point will be reached out to 1 lakh.

what is kyc in paytm

Update 1: Currently Paytm paused the minimum KYC process as well as Aadhar based eKYC process.

Update 2 : Non KYC users will get Cashback as “Digital Gold”.You can sell your “Digital Gold” back to Paytm & get your Cashback amount in your bank account after approximately 3% deduction. So don't worry about your Cashback.

paytm kyc benefits

Paytm Kyc Customer Care:

Paytm Kyc customer care is available to help you 24*7. The helpline is available in English and Hindi.

Paytm 24*7 Customer Helpline Numbers. Paytm will try to solve your concern at the earliest.

  • Bank, Wallet and Payments      0120-4456-456
  • Movies and Events Tickets             0120-4728-728
  • Paytm Mall Shopping Orders     0120-4606060
  • Paytm Travel Tickets and Forex     0120-4880-880
Tags: what is kyc in paytm, paytm kyc benefits, paytm kyc online, paytm kyc customer care, paytm kyc process

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Click here for comments
May 11, 2019 at 5:57 PM ×

T kiran kumar

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