Quick Answer: Can I Pay Through Paytm Without KYC?

Is Paytm safe for KYC?

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..

Can we transfer money from Paytm to Google pay?

Open your Paytm app and follow the steps mentioned below to transfer money from Paytm to Google Pay account. Tap on UPI Money Transfer located on the top bar. Type the UPI ID of the recipient Google Pay account, which can be found on Google Pay app’s home screen, just below the account user’s name.

Can I 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.

Is KYC needed for Google pay?

Unlike wallets, Google Pay does not require KYC since it uses UPI as the interface. … It is safe and secure, as it will require your UPI pin before making any payments. It also has NFC-enabled payments. Pros: No transaction charges; offers and cash-backs included; easy to use.

Can KYC be done online?

There are two methods to do KYC online – Aadhaar OTP and Aadhaar-based Biometric KYC. Aadhaar OTP allows one to get the KYC done quite easily in minutes whereas in Aadhaar-based Biometric KYC, one has to apply for KYC online and an executive from the KRA visits his home/office for biometric verification.

How can I use Paytm KYC without going KYC Center?

This is clear that you can not complete your Paytm KYC without going Paytm store ….Paytm KYC latest update-Select paytm KYC.I want to do kyc .Now choose your KYC related issue.Select message option. You will find message option below the instructions.Describe your problem and submit to Paytm .

Does Paytm full KYC expire?

A. As per RBI guidelines, your minimum KYC will expire in 24 months unless you complete full KYC with in-person verification. After expiry, you will not be able to add money to your wallet or transfer the balance amount to your bank account.

Is it safe to give KYC to Paytm?

While Paytm highly recommends its users to link their Aadhaar with Paytm and complete KYC to unlock all features. … However, without KYC, users won’t be able to send money to their friends or transfer the money back to a Bank Account. This is the only impact if you don’t undergo KYC process.

Can we 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.

How can I open Paytm account without KYC?

To open your Bank Account, kindly follow these simple steps.Launch your Paytm App.Click on the “Bank” icon on the bottom right of your screen.Set a passcode (if not setup already) and provide nominee details for your account.In case you are a Non-KYC customer, you will be prompted to book a KYC appointment.More items…

Can I complete KYC online for Paytm?

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.

What can I do with minimum KYC in Paytm?

With minimum KYC wallet, you can do the following:Pay to 12 Million+ Merchants who accept Paytm.Pay online on any app/website.Maintain balance up to ₹10,000 per month.Cannot send money to a friend’s wallet.Cannot transfer money to the bank.Cannot keep the balance of up to ₹1,00,000.Cannot open Savings Account.