What is KYC
KYC stands for Know Your Customer. The aim of doing Paytm KYC is to prevent banks from being used unintentionally or for the wrong purpose.
If you don’t have Paytm then download it from here Paytm to avail various benefits of it.
Need of KYC
As per the guidelines of RBI (Reserve Bank Of India) all customer of any wallet or bank who want to use for higher balance (Limit will increases) for sending money or for another purpose.
How To Complete KYC Of Paytm
There are several steps which are to be followed for complete your Paytm KYC. You will also get the list of KYC center near you from these steps. So, without wasting the time let’s start the process.
Step 1: The first step is to login to your Paytm app to complete your KYC.
Step 2: Once you have a login to your Paytm app you have to left swipe the upper menu and after that, you can see there is an option Nearby KYC tap on it.
Step 3: At this step, you have to select your state and your district to see the nearby KYC center.
Step 4: Now you can see the list of Paytm KYC center near you with their outlet name, address & contact number of the Paytm KYC center. Visit the nearest KYC center with your documents to complete your Paytm KYC now.
List Of Paytm KYC Documents Required
- Aadhaar Card
- Voter ID
- Driving License
- NREGA card
Paytm KYC Benefits
There are lots of benefits to complete your Paytm KYC. You can check it out here all the benefits of Paytm KYC.
- You can transfer money to anyone after completing the Paytm KYC.
- Your wallet limits can be increased after completing the Paytm KYC.
- The limit can be extended up to 1 Lac.
- If you have completed your Full KYC then you are eligible to open a Paytm Payment Bank account.
Note: There are no charges for doing KYC. It is totally free of cost to complete the Paytm KYC.