How to get your PayTM KYC done: Everything you need to know

You need to get your KYC done to become a KYC customer by submitting documents like address proof, or any government approved ID. The process is simple and includes an agent visiting your requested place for collecting the documents and approve your request. You can initiate the process from your Paytm app only, and there is no way to get it done online like on other wallets. 

Step 1: Open the Paytm App and Click on the profile button (top-right corner).

Step 2: When you visit your profile, you will see a box asking you to “Get your KYC done” (like shown in the Pic) and click on that.

or

However, if you do not see any box, go back to App’s Homepage, click on the hamburger menu (side menu) and search for “nearby” and click on it and click on “Complete Your KYC” on next screen.

or

You can raise the request from here.

Step 3: Now on the next page, it will show you the benefits of getting your KYC done. Click on the Proceed to next step.

Step 4: Now enter the details of the requested document and verify it. (you can also get it done if you do not have your Aadhaar card with you)

Step 5: On the next screen, you will be given following way to get your KYC done:

• Request a visit from PayTM agent at your given address. Alternatively,
• Verify your documents by visiting your nearest Paytm KYC center.

After following these easy steps, you can get your KYC done in few minutes.

Benefits of becoming a KYC Customer

As the process of becoming a KYC Customer is comfortable and secure by getting verified using your biometrics registered on your Aadhaar with which you can also get benefits and offers. The following are the benefits:

• Higher wallet limit and unlimited spending capacity: Full KYC-verified Paytm user can have a wallet balance limit of upto Rs.1 lakh with unlimited monthly spending.
• Seamless transfer of funds: Full KYC-verified Paytm users can seamlessly transfer money to other wallets and bank accounts.
• Open Paytm Payments Bank account in 2 minutes through its app: Only a full KYC-verified Paytm user can open a savings account with the newly launched Paytm Payments Bank and can earn interest on their savings.
• Special offers: Paytm runs exclusive offers for their full KYC customers from time to time to gain benefits/cashback on shopping and bill payments.

What if I do not do my KYC?

As per RBI guidelines, wallets of non-KYC verified customers will be limited to the following:

• You will not be able to add money to your Paytm Wallet unless you are a Minimum KYC customer
• You will not be able to send money to friends and family, either in wallets or bank accounts
• You will not be eligible for any offers applicable to KYC customers

Get your PayTM KYC done

Above given are the easy steps to get your PayTM account verified and continue using it with great offers and facilities. Given that the process is secure and safe using your government approved ID documents and is a great initiative to avoid frauds related to money. So, we request you get it ASAP and enjoy the services. Also, do share it with your friends whom you think has not done their KYC yet. You can also comment in the section below if you face any problems regarding it and we will try our best to get back with a solution ASAP.