Today, We will explain you, How to do full KYC of PayTM sitting at home. The new way of 2020 If you also use the Paytm app for payment, now you have to do full KYC to take full advantage of it.
KYC was not required when PayTM was launched. But according to the new rules of the government, if you make more money transactions, then you need to get KYC done. Recently, SBI Bank had issued a guideline to get KYC to its customers, although in the bank you have to line it up but in PayTM it is not so.
If you do not know about KYC, then let me clear that The full form of KYC is, “Know Your Customer”, which means identify your customer.
KYC is a popular term in financial sector such as PayTM which is used by financial institutions to verify the identity of their customer. You can use government documents like Aadhar card, PAN card to verify identity
PayTM usually provides two types of KYC. Which has its own advantages: first MINI and second FULL, most of the customers want to have full KYC as it has the highest benefits.
But before that you should also know about MINI and Full KYC. Here is the minimum from MINI, when you create a Paytm account with your mobile number, then your mini KYC becomes together.
Let me tell you that to make full use of PayTM, it is mandatory to do full KYC. If you keep less than 10 thousand rupees in your account, then your work will be done with MINI KYC.
But you want to transfer your money to your bank or to your friend’s Paytm account. So for this you need to do FULL KYC, you will get information about how to do this below.
How to do PayTM Full KYC at home
If you make a payment of more than 10 thousand, then you can do full KYC from your Aadhar card and PAN card at your home.
For this you do not need to visit any store. If you complete full KYC in your PayTM, then after that you can keep a maximum balance of 10 thousand in a shop, payment, online shopping and account. So to complete it, one has to follow the steps given below.
- First of all open your PayTM App.
- Now you have to click on the icon of the profile on the left side.
- If your KYC is not fulfilled then in your profile! Yellow icon will appear, click on it.
- You can also go to the KYC option by clicking on setting.
- After this you will need Upgrade Account & amp; Unlock Benefit is to be clicked.
- In the next page, you will be told the benefits of upgrading your account, click on the button below.
If you want to do your full KYC at home then click on Video KYC. For this you have to have Aadhaar card and PAN card. In the next page you have to enter the Aadhaar number and the name written on it.
Your video chat will be turned on by clicking on Proceed, your documents will be verified in this chat.
On successful completion of video chat, your PayTM KYC will be completed at home.
If there is any kind of problem in the video chat, then you have to click on the option Visit a Nearby KYC Store below. After doing so, you will be asked to turn on the location of the mobile.
Once the location is turned on, the address of your nearest Paytm KYC store will be revealed. By which you can get full KYC done. In the store you will need Aadhaar card and PAN card.
The store agent will verify your document as well as send an OTP to your registered mobile number, which will verify your process as soon as it is verified.
Benefits of doing full KYC of PayTM
By making full KYC, you become a premium customer of PayTM, under which you get full access to use this wallet. With this you get some of the main advantages given below.
- The limit of holding maximum balance will increase from 10 thousand to 1 lakh.
- With your PayTM you can spend unlimited expenses.
- You will be able to send money to your friend’s paytm account.
- You can transfer the amount present in Paytm to your bank account.
- In addition, you can open a savings account with a payment bank.
So now you must know that how to do full KYC of PayTM, tell you that this is a completely free process, there is no need to pay you in it. If you use PayTM on the next day, then you must get its full KYC done.
Now you can do this job sitting at home, the company is offering the facility of having KYC sitting at home through video chat. If there is any problem in this, then you can go to your nearest store where all your questions with KYC will be answered.