Answer
With the implementation of Know Your Customer (KYC) on Paytm, transferring money out of your Paytm wallet and into bank accounts or to other Paytm wallets is not possible. Make sure that you are always making payments with the services in which you want to spend instead of withdrawing from a virtual wallet.
How to active your Paytm wallet without kyc❌❌❌
You can use your current bank account or credit card to fund your Paytm wallet till you get your KYC verification done by approved agencies. You will be able to do mobile recharges & funds transfer from the app. In case of any support queries you may contact us on 1800 102 8877 (Mon – Sun 10 AM IST – 8 PM IST). We would suggest reaching out to [email protected] if you are facing any other difficulty in your Paytm account.
For further information, please refer to the updated list of countries eligible for bank transfer.
On what basis you are asking for KYC? Is it mandatory? What is emergency funding?
This is a part of our strategy to keep customer funds & private data safe from misuse. We always keep your interest in mind and will take such decisions that are best for you. So we ask for KYC verification after every six months (from the date of your last update) via an online video call or at any other approved agency location based on your convenience. You can pay with your current bank account/credit card till you get these verification done by approved agencies as mentioned above. This practice has been adopted by many top global companies to keep their customers safe. We are working with these agencies to ensure that people from all walks of life can avail this service, at a fixed fee. If you already have your KYC done, then there is no need to go through the process again. Please note that even if your KYC is expired, you will be able to carry out mobile recharges via Paytm Wallet till it expires and fund transfer between bank accounts till your profile gets updated at the approved agency with new KYC documents.
From August 15th onwards, account holders can also avail emergency funding from their banks who are part of our program.
Paytm Send Money Without KYC | Bina Paytm KYC ke Paise Transfer Kaise Kare | Send Money No KYC
What happens if I don’t update my KYC?
You will not be able to spend money through Paytm or load money into your wallet for transactions like payments & bill payments made online/offline and adding money to UPI enabled apps as well as send/receive money from other Paytm users. You may be restricted in spending money through Paytm by your bank, as per our know-your customer (KYC) guidelines, which is aimed at protecting you from any financial wrongdoing.
If you currently have a valid KYC for your account but it expires due to non-update within six months of the last update after August 15th, 2016 or not updated till date, then you will not be able to load money into your wallet for transactions like payments & bill payments made online/offline and adding money to UPI enabled apps as well as send/receive money from other Paytm users till such time the profile gets updated with new KYC documents. You can still use the wallet to pay for Uber rides, train & movie tickets and deposit money while selling on Paytm.
You can get back the full functionality of your Paytm Wallet, including unrestricted e-commerce, payments within Paytm ecosystem and sending/receiving money from other users by getting yourself KYC verified at any of our partner’s nearby locations by an independant agency as mentioned above. This process takes only few minutes and you can get the same done through ‘Paytm Sakha’ app in a minute or two.
With the implementation of Know Your Customer (KYC) on Paytm, transferring money out of your Paytm wallet and into bank accounts or to other Paytm wallets is not possible. Make sure that you are always making payments with the services in which you want to spend instead of withdrawing from a virtual wallet.