Be a Full KYC Verified Customer. #PaytmKaro Browser View
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Dear Customer,
The new RBI guidelines on prepaid wallet instruments dated 11th Oct 2017 mandate all prepaid wallet system operators (like Paytm Payments Bank Limited (PPBL)) to get 'Know Your Customer (KYC)' done for all their users.
What does this mean? You need to get your KYC done to continue enjoying the full benefits of your Paytm account. KYC will be done by PPBL at no cost.
What if I don't do my KYC? As per RBI guidelines, wallets of non-KYC verified customers will be restricted to the following:
You will not be able to add money into your Paytm Wallet unless you are a Minimum KYC customer
You will not be able to send money to friends and family, either in wallets or in bank accounts
You will not be eligible for any offers applicable to our KYC customers
What benefits do I get if I do my KYC? Being a full KYC verified customer, you can avail the following benefits:
Maintain a balance of up to Rs.1,00,000 in your Paytm Wallet
Send money to your family and friends through Paytm Wallet
Transfer money to your bank account
Add and spend unlimited amount every month through your Paytm Wallet
Become eligible for offers applicable to our full KYC customers
Become eligible to open a Paytm Payments Bank Account in 2 minutes and start earning 4% interest on your account balance
Minimum KYC: You can also become a Minimum KYC customer by providing your Officially Valid Document ID number (e.g. Aadhaar, PAN etc). This will enable you to keep using your account. However, as a Minimum KYC customer, you will still not be able to send money to other wallets or bank accounts, or keep more than Rs. 10,000 in your wallet.
How do I do my KYC? Paytm KYC is completely free. For details, Click here
Thanks, Paytm team
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