Is KYC mandatory for Paytm postpaid?
Is KYC mandatory for Paytm postpaid?
Why can’t I do it on Paytm app? KYC requires Address proof of customer. 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.
Why is Paytm postpaid rejected?
The invitation will be extended to more users in due course of time, says Paytm. Some applications may even get rejected due to mismatch in information provided to Paytm or due to the credit policies set by ICICI Bank. Paytm Postpaid credit limit is decided based on a user’s transaction history on Paytm.
What is the eligibility for Paytm postpaid?
To be eligible for Paytm Postpaid Delite and Elite, the CIBIL score should be from 700 to 900….Eligibility To Activate Paytm Postpaid Services.
| Edition | Postpaid Lite | Postpaid Delite and Elite |
|---|---|---|
| CIBIL Score | 0-700 | 700-900 |
| Convenience Charges | 0-4\% | 0\% |
How send money from Paytm without KYC?
- Open Scanner in Paytm.
- Scan Barcode of your Friends Merchant Account.
- Enter money and Send Money.
- It will transfer to Your Friends Bank Account. Note – You can only Transfer or Send Money to Merchant Account.
How can I activate my Paytm postpaid?
Here is how you can activate your Paytm Postpaid account: Log in to your Paytm app/account and type ‘Paytm Postpaid’ in the search icon on your home screen. Next, select the ‘My Paytm Postpaid’ icon. You will be asked to click on ‘check your credit score’. Click to proceed.
Why KYC is important in Paytm?
KYC is mandatory for any customer who is willing to connect with financial institutions or initiate financial transactions. RBI made it mandatory for all the financial institutions to verify the details of the customers transacting with them.