Paytm App Gets 'Self KYC' for Quicker Verification on Android and iOS

Since Reserve Bank of India (RBI) has made KYC-compliance mandatory for prepaid wallet customers, Paytm has seen a lot of drop in users. Withal, many of these users are just waiting for an easier fashion to become the new KYC washed. Paytm has now simplified this process past integrating a self KYC pick right into its app. Information technology tweeted early on forenoon that an update, which brings this KYC verification characteristic, has been pushed to both its Android and iOS apps.

While the default method is Aadhaar, you're complimentary to cull between a passport, driver's license, Voter ID or NREGA Job Card. You but need to enter the necessary details and verify your identity to avail a ₹200 cashback on the completion of the process.

Here'south the complete pace-by-footstep guide on how to make your Paytm wallet KYC-compliant:

How To Link Your Aadhaar With Paytm

Note : I tried this method on Paytm (version 6.63) on my Samsung Galaxy S8, running Android 8.0 Oreo and it worked perfectly fine.

ane. Open Paytm and tap on the KYC option in the height row itself and proceed to the next screen.

2. At present, you demand to enter your 12-digit Aadhaar number and the name that appears on the same, before borer on "Proceed" to move to the verification part.

3. One time Paytm has identified the Aadhaar card, information technology'll send out an OTP to your linked mobile number. Y'all can then enter the OTP to complete the verification process.

In one case yous've completed the KYC, you'll regain access to all the features of the Paytm wallet and your spending limit won't have any bounds. Your wallet limit, on the other manus, would also be bumped from the existing ₹x,000 to ₹1 lakh. The verification will bring dorsum your coin transfer abilities, while besides opening a Payments Bank account for you. The self KYC process is super uncomplicated and fast, significant you can get your business relationship working again within a affair of minutes.

Source: https://beebom.com/paytm-self-kyc-option-android-ios/

Posted by: wellshaved1950.blogspot.com

Share this post