PhonePe wallet is monitored by the RBI and after RBI Guidelines it is necessary to complete the PhonePe KYC. Completing the KYC will not harm us in any manner although it will give us some additional benefits for being a verified user of PhonePe by completing the KYC.
How To Check PhonePe KYC Completed Or Not
There are several steps needed to check PhonePe KYC is completed or not. It is a completely online process and will take not more than 1 minute to do this. As of now, there is no KYC center available, you can complete PhonePe KYC while sitting at your home, office. Just follow the below steps to see how one can complete PhonePe KYC online.
Step By Step Guide To Check PhonePe KYC Completed Or Not
There are a few steps which are to be followed to check the KYC is completed or not.
If you have not completed your Paytm KYC then you can go through this Complete Paytm KYC. So, without wasting the time let’s start the process.
Step 1: First of all launch your PhonePe app makes sure that you are logged into your account.
Step 2: Now tap on your profile which is located at the top left corner of your screen.
Step 3: Now you have to scroll to the bottom of your screen and you can check your KYC status under the KYC details section. If you can see there is verified option then your PhonePe KYC is completed if no then your KYC is not completed.
FAQ(Frequently Asked Questions)
How can I complete my KYC in PhonePe?
PhonePe wallet is monitored by the RBI and after RBI Guidelines it is necessary to complete the KYC of every digital wallet like Paytm, PhonePe, etc. Completing the KYC will not harm us in any manner although it will give us some additional benefits fo being a PhonePe KYC verified user.
Note: You don’t need to visit anywhere to complete your KYC just like we need to visit the KYC Center to complete the Paytm KYC. There is no such PhonePe KYC center as of now.
How do I transfer PhonePe cashback money to a bank account?
You can transfer PhonePe cashback to your bank account but not directly. There is an alternate way from which we can do this. Firstly you need to buy gold from your cashback or wallet balance. Secondly, you need to sell that gold by the above-described methods. After selling the gold your cashback will be credited to your bank account.
Note: There will be some loss of your money. This is due to the buying rate of gold is higher than the selling rate. Approximate you will lose Rs 4 for selling the gold amount of Rs 100.
How can I pay my electricity bill by PhonePe?
PhonePe is a mobile wallet, we can use it for availing the available services. Some of the services are, Send Money, Electricity Bill Payment, Water Bill Payment, Buy Gold, Sell Gold, Metro Recharge. Just follow the instruction to know how to pay the Electricity Bill from PhonePe.