Quick Answer: Is Paytm Safe For KYC?

Can I use Paytm without KYC?

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..

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.

Is KYC required for Google pay?

Unlike wallets, Google Pay does not require KYC since it uses UPI as the interface. … It is safe and secure, as it will require your UPI pin before making any payments. It also has NFC-enabled payments. Pros: No transaction charges; offers and cash-backs included; easy to use.

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 transfer 50000 through Paytm?

Every Paytm users can transfer up to Rs. 5,000 at a time, with 25,000 per month the limit. If you are a merchant, you can transfer up to Rs. 50,000; with the limit going up to Rs.

Is it safe to do Paytm KYC?

Paytm KYC Fraud: Digital payments have made our lives easier. … While these digital payment platforms are making sure everything is secure, hackers and fraudsters still try to sneak into your account. Paytm has just seen a hit by online scammers where 190 Paytm users duped of Rs 1.13 crore on the pretext of KYC update.

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.

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.

How can I complete KYC in Paytm at home?

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.

Can we 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.

What is the maximum limit of Paytm wallet?

Rs. 10,000Paytm wallet has a basic monthly limit set by RBI. This means you cannot keep or spend more than Rs. 10,000 in your wallet in a month.

Can I complete my Paytm KYC online?

You can complete the process using your mobile number, PPI’s app, online, or by visiting a KYC centre.