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Is Aadhaar card mandatory for Paytm KYC?

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Is Aadhaar card mandatory for Paytm KYC?

Paytm follows a simple KYC procedure to make it easy for the users. It accepts a variety of documents like identity proof such as Aadhar, Passport, Voter ID, etc.

Why does Paytm ask for KYC?

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 it safe to give KYC to Paytm?

Here’s how you can avoid being a part of such a scam. Paytm KYC frauds are on the rise and here’s how you can be safe. 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.

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How can I add my Aadhaar card with Paytm?

Tap on ‘Edit Profile’ at top right corner of the screen. Scroll down to the field for PAN Card and Aadhaar Card. Enter your 12-digit Aadhaar Card number or your unique 10-character PAN Card number. Your Aadhaar/PAN Card will be linked to your Paytm profile within 48 hours post verification.

Is aadhar necessary for bank account?

It is not mandatory to furnish Aadhaar to open a bank account at present. In addition to the bank account, Indian residents can use the Aadhaar card as a proof of identity and address for getting a new SIM card as well. The Master Direction on Know Your Customer has been amended by the Reserve Bank of India.

How can I remove KYC details from Paytm?

Follow the below-mentioned steps to raise account closure request:

  1. Step 1: Login to Paytm with your old phone number.
  2. Step 2: On the home screen, click on “☰” at the top left corner.
  3. Step 3: Go to 24×7 Help.
  4. Step 4: Go to ‘Profile Settings’
  5. Step 5: Select ‘I need to close/delete my account’
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How can I fill my Aadhar card with Paytm KYC?

How to do KYC in 1-minute?

  1. Tap on the KYC icon.
  2. Enter your Aadhaar Details and validate OTP.
  3. Verify your information and tell us few more details.
  4. That’s It, your KYC is done.

What is the KYC process for Paytm?

KYC requires Address proof of customer. You can do this verification using Aadhaar on Paytm app. However if no mobile is linked to your Aadhaar a Paytm agent will need to do in-person verification of your Aadhaar or any other Govt id to do with KYC.

Is Aadhaar the only document using which KYC can be done?

Aadhaar is not the only document using which KYC can be done. However we prefer Aadhaar since you can do KYC yourself using it on Paytm app. What is Paytm Payments Bank Limited? Paytm Payments Bank is India’s only mobile-first bank with zero balance – zero digital transaction charge.

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How much is the fee for KYC?

There is no fee for KYC. It is absolutely FREE Why do you collect additional details post verifying my Aadhaar? Why KYC itself is a in person process. Why can’t I do it on Paytm app? KYC requires Address proof of customer. You can do this verification using Aadhaar on Paytm app.

What documents do I need for wallet KYC?

We need 1 out of Aadhaar, Voter ID, NREGA card, Passport or Driving license for wallet KYC. However, Aadhaar is our preferred document as it makes the KYC instant. Click on KYC icon in Paytm app to get started