Paytm has now a limit of Rs 20,000 for the basic wallet user. But if your expenses are high, then you can complete your limit by completing the KYC process. After the KYC process, you can spend unlimited rupees on Paytm while you can keep up to Rs 1,00,000 in the wallet. After KYC verification, the users automatically become the VIP customers of Paytm. Paytm VIP customers also get many other advantages on the platform which can be redeemed by applying promocode. These include exclusive offers, instant cashbacks and refunds. Today we will tell you how you can complete the KYC process on Paytm. And what documents will be required for this.
KYC (No Your Customer) is required to be Paytm VIP customer. To complete the KYC, the identity card (identity proof) and address certificate (address proof) will have to be verified. For this, the process can be started on the Paytmdotcom and Paytm app.
Go to your profile section on Paytmdotcom, then click on ‘Request Wallet Upgrade’ in the corner of your username.
You can go to the Paytm app and go to the ‘Paytm VIP’ section and go to ‘Upgrade for Free’ in the profile page.
These ways to upgrade the wallet on both Paytm website and the app are said.
- Ask Paytm agent to come to your home or office.
- Go to the Paytm KYC Center near you and get the documents verified.
Apart from this, you can also visit http://mp-y.tm/kyc URL.
What things will be needed to complete the KYC process:
- A photograph
Self -attached copy of one of the documents mentioned below
- Aadhar card
- Passport
- Voter ID
- Driving license
- NREGA Job Card
Keep in mind that the original copy of these documents will also be seen by the agent of Payti. Apart from this, if you want to spend more than Rs 50,000 in a single transaction itself, then a copy of PAN card will also have to be given.
Once the document is submitted, the documents will take 3 working days to verify and complete KY. To complete the verification process soon, you can answer the necessary questions on the app itself. Among them, information about mercanic status, profession, gender, date of birth, family details and contact details and your Aadhaar and PAN card will be sought.
After Paytm becomes a VIP customer, you can keep a balance of up to Rs 1,00,000 in your wallet. Apart from this, you can send up to Rs 25,000 to another Paytm user or any bank account in a month. A limit of Rs 25,000 will also be available if not upgraded wallet.
It is worth noting that Paytm has advised to do Aadhaar based biometric verification on its page. This expects KYC to be completed soon. In some other way, it can take up to 48 hours even after submitting documents from verification. However, given the excessive use of Paytm and the KYC being done by the people, it seems that the KYC process may take more time.
