e-Wallet KYC Update- Checkout Here Min KYC Details, wallet close/active merchants

e-Wallet KYC Update- Checkout Here Min KYC Details, wallet close/active merchants. KYC Procedure for all e-wallets at one place (Paytm, Mobikwik, Freecharge, AmazonMoney, Phonpe etc). As you are aware of the RBI policy on PPI instruments . Earlier it was to be implemented till 31st December 2017 and then it got extended till Feb 28 2018. So Checkout details below !!

Here is List of e-wallets which allow/disallow Min KYC wallets:-

Here is the RBI Circular : https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=11142

KYC documents laid down by RBI : (need to submit any one)

1. Passport
2. Driving licence,
3. PAN Card
4. Voter’s Identity Card issued by the Election Commission of India
5. Job card issued by NREGA duly signed by an officer of the State Government
6. Aadhaar / Letter issued by the Unique Identification Authority of India containing details of name, address

https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=10292

We have 3 kinds of wallets now :-

#Copied_Whatsapp

1. Full KYC wallet which has limit upto Rs.1,00,000 at any point of time with no restrictions

2. Minimum KYC Wallet with self declaration which has monthly limit upto Rs.10,000 per month and Rs.1,00,000 annually.

3. Restricted Minimum KYC wallet which is the default one if you do not provide self declaration. Limits are same as above but no money credit/load/transfer is allowed. Only existing balance can be used.

Here is procedure of the following apps as of now . Please let know of any discrepancies etc.

1. Paytm – limit 1,00,000 for Full KYC Users / 10,000 for Minimum KYC Users

Full KYC Process : Physical KYC using Aadhar+ OTP, Driving License, Passport , Voter ID , NREGA Job Card . Physical verification required.

Minimum KYC Process: No self declaration procedure.

2. Mobikwik – limit 1,00,000 for Full KYC Users / 10,000 for Minimum KYC Users

Full KYC Process : e-KYC using Aadhar+ OTP/ Without OTP ( representative will come to your address to verify via bio-metric – service is available for few states only.)

Minimum KYC Process: No self declaration procedure.

3. Freecharge – limit 10,000 for all . No need for Full KYC

Minimum KYC Process: Self declare using Voter ID , PAN , Passport only

4. Amazon Money – limit 10,000 for all . No need for Full KYC

Minimum KYC Process: Self declare using Aadhar, Voter ID , PAN , Passport , Driving License

5. Phonepe – limit 1,00,000 for Full KYC Users / 10,000 for Minimum KYC Users

Full KYC Process : e-KYC using Aadhar via Khosla Labs Pvt. Ltd

Minimum KYC Process: Self declare using Voter ID , PAN , Passport , Driving License, NREGA Job Card, Central Govt Id , State Govt Id

6. Ola Money -limit 1,00,000 for Full KYC Users / 10,000 for Minimum KYC Users

Full KYC Process: Email to [email protected] from your registered mail id and send your 1 id proof, 1 Address proof and 1 photo (passport / selfie) .

Minimum KYC Process: Through Ola Cabs App – self declare using Aadhar, Voter ID , PAN , Passport , Driving License

7. Tapzo – limit 10,000 for all . No need for Full KYC

Minimum KYC Process: No self declaration procedure.

Not sure of procedure of following Bank wallet Apps :-

8. Payzapp – not sure but it is asking for Aadhar + PAN

9. Pockets – if ICICI bank user no need else not sure

10. YesPay – if Yes Bank user no need else not sure

11. Airtel – not sure but is asking for Aadhar as per sources

12. Zeta -limit 1,00,000 for Full KYC Users / 10,000 for Minimum KYC Users
Full KYC Process:

– Physical KYC: Fill out a KYC form and submit it along with requisite documents to an authorised Zeta representative. Get in touch with your HR to move this along.

– Aadhaar OTP/Biometric verification

Minimum KYC Process: self declare using Aadhar, Voter ID , PAN , Passport , Driving License

13. Haptik : No Need

14. Niki : No need

15. Rupizo – Shutting down on 25th Feb 2018. Can transfer wallet balance to bank

Email to [email protected] from your registered email id. Provide a scanned copy of your Aadhaar / PAN card along with a copy of your bank statement / cancelled cheque with your account number and IFSC Code clearly mentioned. Please note that the name on your Rupizo wallet should match with your bank account name.

16. Sodexo
Full KYC
– 1) Sending an SMS from your registered mobile number to 9225660070. Type CARD (space) ADHR (space) your 12-digit Aadhaar number.
2) (i) You can also visit https://kyc.sodexobrs.com/. Here, you will have to enter the portal using your registered mobile number, the last four digits of your Sodexo card, and the captcha code.
(ii) After this, you will have provide your Aadhaar number.
(iii) You will have to validate your Aadhaar number by typing in the one-time password (OTP) that will be sent to your Aadhaar registered mobile number.

17. Bookmyshow – Shutting down

18. PayuMoney – Shutting down,

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30 thoughts on “e-Wallet KYC Update- Checkout Here Min KYC Details, wallet close/active merchants

  1. Durgesh says:

    As stated by you

    Restricted Minimum KYC wallet which is the default one if you do not provide self declaration. Limits are same as above but no money credit/load/transfer is allowed. Only existing balance can be used.

    It means from 1st march i cant send money to a non kyc paytm user from a kyc account??

    And if balance in my non kyc paytm account exhausted can i use that wallet for recharge or bill payements by doing payemnt thru debit card or not?

  2. Shekhar says:

    I am having 5-6 amazon pay accounts( 1 main account ) and from yesterday on amazon site it is showing to do kyc . What if i dont do the kyc ?? What will happen to my money in amazon pay accounts ?? Will i not able be able to the money in them after 28th feb i dnt do the kyc. ? Or it is better to update one adhaar card no. To my all accounts ??

    • Yashveer Arya
      Yashveer Arya says:

      Modi and Trump both are responsible for their economy crash !! Before implementing anything like Notebandi/GST, He should study about those countries who impliment it before and got nothing except crash in economy !!

    • Yashveer Arya
      Yashveer Arya says:

      No. it will not work because all people will buy Gift and add in amazon pay !! If you have black money you can store your money by purchasing Bitcoins !!

  3. Akhilesh yadav says:

    I know not udate kyc the not add money in wallet but i want to know gc added after not kyc filled plz reply gift card to add ho sakta hai na like amazon freecharge

  4. Rahul says:

    1. Komparify points ka kya hoga,
    2. Multiple Amazon account main jo gift card add hai unka kya hoga,
    3. How can i e-kyc verified my komparify account,

  5. Akhilesh yadav says:

    Bhai plz batao kya karu mere komarify acc me points hai but recharge kr raha hu to bol raha hai trnx limit reached ab kya karu iska kahi merchant payment hota hai plz reply its humble req

  6. Salman says:

    Yrr,31 january ko kisi ne mera paytm wallet hack kar liya aur 5500 rupye kat gaye,kisi ne komparify me payment kar liya,mere pass koi otp bhi nahi aaya aur maine kisi ko password bhi nahi bataya,paytm se baat karne par unhone kaha ki secured login tha,ab paise wapas nahi honge.kya karun samjh nahi aa raha.

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