Guys ,This is important Information to all of us So read carefully . Complete Know Your Customer (KYC) Form before 28 February to Continue using all Indian wallet services else Your account will be Restricted and You are not able to add money or send money to any account.
Are You Paytm
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What is RBI Guidelines ?
RBI has issued Guidelines To all Indian Company who giving any kind of wallet service which Involve add money features from your bank .In this Guideline they said all Customer who using such wallet service they must do KYC Verification process by submitting Adhara detail for each wallets and verified it via OTP to continue using.
If you do't Do KYC then Your wallet service automatically restricted until you do KYC .which means You can not add any money in your wallet neither you are able to send But If you have Money in your wallet Previously You can use that after 28 feb too.
What This means to wallet users ?
This KYC process is For user benefits so do't hesitate open your app and Do aadhar verification Online and avoid last minute rush .By doing KYC wallet Provider Giving you extra benefits like wallet limit increases , special cash back etc.
Why This is necessary ?
As You know their are so many wallet providers and Some Culprit People using it for wrong things RBI monitoring it from long and now they decided to stop it so after KYC who ever do malpractice Gov can track him and take action .
Requirements for KYC :
- AADHAR Card Number
- AADHAR Linked Mobile Number for OTP
- Wallet which You want Complete KYC.
How we Do KYC for Paytm, Freecharge, Amazon etc wallets:
This is Very simple guys Open Your app You will see KYC option in menu or some where in app Just Do KYC by entering AADHAR number and after that Verfiy it BY OTP which comes your AADHAR linked number .As you submit OTP your KYC complete and You are able to enjoy more benefits .