Quick Answer: How Can I Use Paytm Wallet Without KYC?

Can I use Amazon pay without KYC?

If you fail to complete your KYC, no further credit shall be allowed in your Amazon Pay balance: Money account.

However, you will be able to use the balance available in your Amazon Pay balance: Money account..

What can I do with minimum KYC in Paytm?

With minimum KYC wallet, you can do the following:Pay to 12 Million+ Merchants who accept Paytm.Pay online on any app/website.Maintain balance up to ₹10,000 per month.Cannot send money to a friend’s wallet.Cannot transfer money to the bank.Cannot keep the balance of up to ₹1,00,000.Cannot open Savings Account.

Is Amazon KYC mandatory?

Amazon pay balance is RBI regulated pre-paid instrument which mandates completion of FULL KYC within two years of account opening. Customer will not be able to add money into the account post two years, however there is no restriction on using the existing balance.

What is full KYC in Paytm?

Full KYC basically requires you to link your PPI account with your Aadhaar. You can complete the process using your mobile number, PPI’s app, online, or by visiting a KYC centre. Here is how you can complete the full KYC process for Sodexo, Ola Money, and Paytm.

Can I do Paytm KYC at home?

Q: Can I do my Paytm KYC at home? Answer: Yes, you can now get your Paytm KYC done at your doorstep by booking an appointment through Paytm app.

Can we transfer money from Paytm to Google pay?

Open your Paytm app and follow the steps mentioned below to transfer money from Paytm to Google Pay account. Tap on UPI Money Transfer located on the top bar. Type the UPI ID of the recipient Google Pay account, which can be found on Google Pay app’s home screen, just below the account user’s name.

Can I use Paytm without bank account?

You are not required to open an account with Paytm Payments Bank to use the wallet. Q. Can I opt out? In case you choose not to continue to enjoy the benefits of your Paytm Wallet, log in to Paytm.com/care to notify your choice of opting out and redeeming your balance by a one time transfer to your own bank account.

Can I do Paytm KYC with Aadhar card?

PAN/Aadhaar Card can only be added via your Paytm App.

How can I open Paytm account without KYC?

The account-opening process is completely digital! Here are the steps to follow if you are a KYCed user-Step 1: Download the latest version of Paytm App. … Step 2: Tap on open savings Account.Step 3: Set your passcode & confirm passcode.Step 4: Enter nominee details.Step 5: Read T&C and tap on Proceed.More items…•

Is PAN card mandatory for Paytm KYC?

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. You need to carry your Aadhaar and PAN* for verification.

Why can’t I pay from Paytm wallet?

In case, any one of the parties have not completed their KYC, the transaction would not happen. Despite having completed the KYC process, to send an amount higher than Rs. 10,000, you will need to add the receiver as a beneficiary through your Paytm app.

Is doing KYC in Paytm safe?

Online scammers have stolen Rs 1.13 crore from 190 Paytm users in the name of the online KYC update. Currently, the most common Paytm fraud is the KYC scam. Hackers are stealing account related details in the name of KYC verification.

Is Paytm wallet safe?

Is Paytm safe? Completely. Paytm is PCI DSS compliant in terms of security. We never store customer’s CVV number to ensure their Credit and Debit Card details are completely safe.

Is PAN card necessary for KYC?

The Reserve Bank of India (RBI) has made Aadhaar and PAN cards mandatory for opening bank accounts. The RBI said the updated know-your-customer (KYC) requirement was subject to the Supreme Court’s final judgment on Aadhaar, for which the hearing is under way.

How can I activate Paytm wallet in KYC?

How to complete KYC process through the Paytm appLog in to the Paytm App.Tap on ‘Nearby’ option.Tap on ‘Upgrade Account’ to proceed.Select the desired location from the list areas and visit the place to complete your KYC.Users will have to carry their Aadhar card and Pan card as an ID Proof.

Which wallet does not require KYC?

Google PayUnlike wallets, Google Pay does not require KYC since it uses UPI as the interface. Consumers can make any kind of payments and win cash-backs that go directly to the user’s bank account, unlike wallets where it gets stored in the wallet’s app.

Is Paytm KYC mandatory?

A. Minimum KYC is required for using Wallet. Without minimum KYC it is still possible for you to use Paytm for UPI money transfer and make purchases using credit/debit cards and net-banking.

How can I receive money without KYC?

Paytm has clarified in a blog that users can continue to use the digital wallet app even without linking their Aadhaar or KYC process. “Paytm is also a commerce platform and we allow users to do any transaction using Credit Cards, Debit Cards, Net Banking & UPI in addition to Prepaid Wallet.