E-Wallets Kyc Update Details -Last Date, Limit, Wallet Close etc

Due Lots of Misuse of E-Wallets Rbi made New Rules Where you have to Upgrade your Wallet via KYC Documents to Continue Your Services so in this Article We Explain Everything About E-wallets Kyc Update Details like What Is Last Date , Transfer Limit , Restriction , Which Wallets Will Close and Much More

Wallets Like paytm , Freecharge in which You can make New account bu Just Verifying Otp and transfer Money from any Bank but Now According to RBI New Rule this all Wallets Accounts Will be Restricted which Still Didn’t Complete KYC Verification

Later the Date Was 31st Dec 2017 but Government Extended Date to 28th Feb 2018 so if you Still Not Complete any of Your E-wallets KYC Update Then Soon it Will Be Restricted not Close , You Can use your Before Added money Only , Add money and transfer Money will be Restricted. Also Your Limit Will be Decreased

Which type of wallets Required KYC Update

Only those Wallets Where you Can Hold your Money Like Paytm , Apps Like Haptil , Niki will not Required Because No any Wallet Services in this app

By Which Documents You Can Complete KYC Verification

1. Passport
2. Driving licence
3. PAN Card
4. Voter’s Identity Card issued by the Election Commission of India
5. Job card issued by NREGA duly signed by an officer of the State Government
6. Aadhaar / Letter issued by the Unique Identification Authority of India containing details of name, address

Last Date of E-wallets KYC Update

• 28th Feb 2018 (May Be Extend)

E-wallets KYC update Restriction and Limit

Full KYC Approved – Those users Can use Wallet without Any Restriction and Limit upto Rs.1 Lac

Minimum KYC approved – Like You Completed Your KYC Self via aadhar card or Mobile OTP those Users Can Transfer Upto Rs.10K Per Month

No any Verification – It Means Now you Can’t Use any service of this Wallet

Wallets Limit , Documents Required , Closed

1. Paytm

Limit 1,00,000 for Full KYC Users / 10,000 for Minimum KYC Users

Full KYC Process : Physical KYC using Aadhar+ OTP, Driving License, Passport , Voter ID , NREGA Job Card . Physical verification required.

Minimum KYC Process: No self declaration procedure.

2. Mobikwik

limit 1,00,000 for Full KYC Users / 10,000 for Minimum KYC Users

Full KYC Process : e-KYC using Aadhar+ OTP/ Without OTP ( representative will come to your address to verify via bio-metric – service is available for few states only.)

Minimum KYC Process: No self declaration procedure.

3. Freecharge

limit 10,000 for all . No need for Full KYC

Minimum KYC Process: Self declare using Voter ID , PAN , Passport only

4. Amazon Money

limit 10,000 for all . No need for Full KYC

Minimum KYC Process: Self declare using Aadhar, Voter ID , PAN , Passport , Driving License

5. Phonepe

limit 1,00,000 for Full KYC Users / 10,000 for Minimum KYC Users

Full KYC Process : e-KYC using Aadhar via Khosla Labs Pvt. Ltd

Minimum KYC Process: Self declare using Voter ID , PAN , Passport , Driving License, NREGA Job Card, Central Govt Id , State Govt Id

6. Ola Money

limit 1,00,000 for Full KYC Users / 10,000 for Minimum KYC Users

Full KYC Process: Email to [email protected] from your registered mail id and send your 1 id proof, 1 Address proof and 1 photo (passport / selfie) .

Minimum KYC Process: Through Ola Cabs App – self declare using Aadhar, Voter ID , PAN , Passport , Driving License

7. Tapzo

limit 10,000 for all . No need for Full KYC

Minimum KYC Process: No self declaration procedure.

Not sure of procedure of following Bank wallet Apps :-

8. Payzapp

not sure but it is asking for Aadhar + PAN

9. Pockets

if ICICI bank user no need else not sure

10. YesPay – if Yes Bank user no need else not sure

11. Airtel – not sure but is asking for Aadhar as per sources

12. Zeta -limit 1,00,000 for Full KYC Users / 10,000 for Minimum KYC Users
Full KYC Process:

– Physical KYC: Fill out a KYC form and submit it along with requisite documents to an authorised Zeta representative. Get in touch with your HR to move this along.

– Aadhaar OTP/Biometric verification

Minimum KYC Process: self declare using Aadhar, Voter ID , PAN , Passport , Driving License

13. Haptik : No Need

14. Niki : No need

15. Rupizo – Shutting down on 25th Feb 2018. Can transfer wallet balance to bank

16. Sodexo
Full KYC
– 1) Sending an SMS from your registered mobile number to 9225660070. Type CARD (space) ADHR (space) your 12-digit Aadhaar number.
2) (i) You can also visit https://kyc.sodexobrs.com/. Here, you will have to enter the portal using your registered mobile number, the last four digits of your Sodexo card, and the captcha code.
(ii) After this, you will have provide your Aadhaar number.
(iii) You will have to validate your Aadhaar number by typing in the one-time password (OTP) that will be sent to your Aadhaar registered mobile number.

17. Bookmyshow – Shutting down

18. PayuMoney – Shutting down,

What Will Happen With My Current Balance

If you still not Completed any of the E-wallet Kyc Update then and You Added Money in your wallet so don’t Worry you can use that Amount but You Can’t add more money