🛑KYC completed for Paytm but not able to send money?🛑
Here is what you should do
Users who didn't complete their KYC continue to receive money from other Paytm users if they had given any document ID at the time of sign up. They can also transfer money to the merchants but cannot pay to any other users.
According to the RBI guidelines, the last date to complete your KYC for mobile wallets was February 28, 2018.
To complete this process, you will have to follow these steps:
1. Open the Paytm App.
2. Go to the profile section.
3. Click on the ‘Manage Beneficiary’ section (available in the updated version of the app).
4. Enter details and add the beneficiary.
Once the beneficiary is added, you can send up to Rs 10 lakh per month. Paytm has also clarified that all its services will continue to work uninterrupted, except the ability to send money to others or to transfer money to bank account from your wallet after February 28.
What are the benefits of KYC?
1. There is no limit for the KYC-enabled customers.
2. KYC-verified Paytm users can seamlessly transfer money to other Paytm wallet and bank accounts.
3. It allows you to open a Payments Bank account in less than a month and earn up to 6.85% interest on savings.
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Here is what you should do
Users who didn't complete their KYC continue to receive money from other Paytm users if they had given any document ID at the time of sign up. They can also transfer money to the merchants but cannot pay to any other users.
According to the RBI guidelines, the last date to complete your KYC for mobile wallets was February 28, 2018.
To complete this process, you will have to follow these steps:
1. Open the Paytm App.
2. Go to the profile section.
3. Click on the ‘Manage Beneficiary’ section (available in the updated version of the app).
4. Enter details and add the beneficiary.
Once the beneficiary is added, you can send up to Rs 10 lakh per month. Paytm has also clarified that all its services will continue to work uninterrupted, except the ability to send money to others or to transfer money to bank account from your wallet after February 28.
What are the benefits of KYC?
1. There is no limit for the KYC-enabled customers.
2. KYC-verified Paytm users can seamlessly transfer money to other Paytm wallet and bank accounts.
3. It allows you to open a Payments Bank account in less than a month and earn up to 6.85% interest on savings.
☮SHARE AND SUPPORT US☮
♻️ TEAM - ARPITISLAND ♻️