Question: What Is The Age To Use Paytm?

Can Paytm be hacked?

Yes, it’s possible.

Like any other bank account, paytm can also be hacked.

Though it’s possible, you can still remain safe by ensuring: You have a strong password..

How can I get full KYC in Paytm?

How to complete KYC process through the Paytm appLog in to the Paytm App.Tap on ‘Nearby’ option.Tap on ‘Upgrade Account’ to proceed.Select the desired location from the list areas and visit the place to complete your KYC.Users will have to carry their Aadhar card and Pan card as an ID Proof.

Is Paytm better or Google pay?

Google Pay has taken a comfortable lead in India’s payments market over rivals like PhonePe, Amazon Pay, and a one-time market leader, Paytm….Paytm already has plan B, C and D.Paytm MallE-commercePaytm Insurance BrokingInsurancePaytm Payments BankBanking3 more rows•Jun 24, 2020

Can we do Paytm KYC at home?

Q: Can I do my Paytm KYC at home? Answer: Yes, you can now get your Paytm KYC done at your doorstep by booking an appointment through Paytm app.

What is the limit of Paytm?

Paytm wallet has a basic monthly limit set by RBI. This means you cannot keep or spend more than Rs. 10,000 in your wallet in a month. To upgrade your limit to Rs.

Is KYC required for Paytm now?

A. Minimum KYC is required for using Wallet. Without minimum KYC it is still possible for you to use Paytm for UPI money transfer and make purchases using credit/debit cards and net-banking.

What documents are required for Paytm full KYC?

Documents accepted for KYC: Aadhaar card, Passport, Election ID card. All e-wallet companies are accepting Aadhaar card as one of the documents for verification, other than Aadhaar card, users can also give additional documents like Passport, Driving License, Pan Card, Election ID card.

Is Paytm free to use?

We help you transfer money instantly to anyone at zero cost using the Paytm Wallet. This money can then be used to pay seamlessly at several places like taxi and autos, petrol pumps, grocery shops, restaurants, coffee shops, multiplexes, parking, pharmacies, hospitals and kirana shops among others.

How can I deposit money in Paytm?

Step 1: If you wish to Add Money through your Debit card then enter the amount and Tap on ‘Debit Card’, enter your card details, you can also save this card for future use by tapping on ‘Save this card for future payments’ and then tap on ‘Proceed Securely’. Post that enter the received OTP to complete the payment.

Do I need to be 18 for Paytm KYC?

As per RBI guidelines, you to need do complete Minimum KYC to activate your wallet. In order to complete Minimum KYC you need to provide your Name and Unique identification number of any of Passport, Voter ID, Driving License or NREGA Job Card. As per RBI guidelines, Minimum KYC is valid for 24 months only.

What is required for Paytm account?

You need to set up an account using your mobile phone number and email ID to setup a Paytm account and transfer cash to the wallet. You can add up to Rs. 10,000 in a month in the Wallet; if you want to increase the monthly limit, then you can get the KYC (Know Your Customer) processor done.

Is Paytm KYC Safe?

Paytm KYC Fraud: Digital payments have made our lives easier. … While these digital payment platforms are making sure everything is secure, hackers and fraudsters still try to sneak into your account. Paytm has just seen a hit by online scammers where 190 Paytm users duped of Rs 1.13 crore on the pretext of KYC update.

Is doing KYC Safe?

In order to scam you, fraudsters may even tell you that your existing bank KYC or digital wallet is invalid and they can re-validate it online. This is again not possible. Never share your bank account, card or any other such details with a caller.

Can I add 50000 in Paytm?

Every Paytm users can transfer up to Rs. 5,000 at a time, with 25,000 per month the limit. … 50,000; with the limit going up to Rs. 1 lakh if you are a user who’s done his or her KYC.

Why I Cannot use Paytm wallet?

In case, any one of the parties have not completed their KYC, the transaction would not happen. Despite having completed the KYC process, to send an amount higher than Rs. 10,000, you will need to add the receiver as a beneficiary through your Paytm app.

Can I receive money on Paytm with minimum KYC?

Minimum KYC: Minimum KYC is valid for 24 months. Minimum KYC allows you partial access to benefits of Paytm Wallet.

Can I use Paytm without bank account?

You are not required to open an account with Paytm Payments Bank to use the wallet. Q. Can I opt out? In case you choose not to continue to enjoy the benefits of your Paytm Wallet, log in to Paytm.com/care to notify your choice of opting out and redeeming your balance by a one time transfer to your own bank account.

What is Paytm full KYC?

Full KYC basically requires you to link your PPI account with your Aadhaar. You can complete the process using your mobile number, PPI’s app, online, or by visiting a KYC centre. Here is how you can complete the full KYC process for Sodexo, Ola Money, and Paytm.

Can I use Paytm without ATM card?

If you do not have any saved card you can choose to save debit or card for a faster payment process next time. Step 6: Once you enter the details on your bank’s page & complete your transaction, you will be redirected to Paytm with money added in your Paytm wallet.

How can I use Paytm wallet without KYC?

However, to find a way around this, Paytm has launched Bank to Bank Money Transfer at 0% charge, which lets users keep sending money to their friends without needing KYC. All one needs to do is to link their bank account with Paytm using UPI and continue to send money to any bank account free of cost.

Can I do Paytm KYC by Aadhar card?

Tap on ‘Edit Profile’ at top right corner of the screen. Scroll down to the field for PAN Card and Aadhaar Card. Enter your 12-digit Aadhaar Card number or your unique 10-character PAN Card number. Your Aadhaar/PAN Card will be linked to your Paytm profile within 48 hours post verification.