In this article we will show you the solution of how to do Paytm KYC online at home, the "Know Your Customer" (KYC) principle is a requirement set forth by the RBI for online payment systems.

Customers' identities are verified through KYC in order to reduce the risk of fraud and fake identities, as well as to find defaulters.

Users must first obtain KYC in order to access the Paytm wallet. Users should be aware, nevertheless, that they can still use the Paytm app to conduct UPI transactions even if they have not undergone KYC verification.

Without KYC, Paytm customers cannot add money to their Paytm Wallets.

Your monthly limit is increased to INR 1 Lakh and you are given access to a number of other services after you complete full KYC. All KYC verification processes are free, except for "KYC at Doorstep".

The RBI has authorized Paytm as a stable and safe digital payment platform. Another regulation of cashless payment apps enforced by the RBI is Know Your Customer (KYC).

In order to reduce the danger of fraud and phone identities, KYC confirmed the customers' identities. Also, it has the capacity to locate defaulters.

Users need to finish KYC in order to access the Paytm wallet. Here's how you finish the Paytm KYC process.

Step By Step Guide On How To Do Paytm KYC Online At Home :-

1. Click on your profile photo in the upper-left corner of the home screen to access it.
2. Go down to the "Profile Settings" area, which includes all of your account information as well as your profile features and amenities (email, mobile number, etc.)
3. Your wallet's status will be listed as "Inactive" in your profile. To activate the wallet, click "Activate Now," then "Finish your minimal KYC to activate the wallet," respectively.
4. The Paytm Wallet would be activated once you have met the minimal KYC requirements, but it will have fewer features and lower monthly limits. By converting their account to full KYC, you can receive more benefits.
5. To make things simpler for users, Paytm uses a straightforward KYC process. It accepts a number of different documents, including identity documents such as an Aadhaar card, passport, voter ID, etc.

Conclusion :-

Users of Paytm have access to a wide range of transactions, from paying utility bills to doing direct bank-to-bank transfers.

The Paytm app can be used to shop, make bookings at events or movies, purchase bus, train, and aeroplane tickets, pay bills, transfer money between bank accounts, recharge mobile, internet, and broadband devices, and pay utility bills.

Also, you can ask for a KYC verification form for the convenience of your own home.

This service does cost Rs. 150, though, in contrast with both of the two KYC processes.

I hope this article on how to do Paytm KYC online at home helps you and the steps and method mentioned above are easy to follow and implement.