Can a 16 year old have Paytm KYC?
A. As per our current process, all Indian citizens, Indian residents and Tax residents of India and of no other country who are above 18 years of age are eligible for KYC. We will be enabling KYC for minors and foreign residents soon.
How can a 17 year old use Paytm?
Best option is that usually parents have an extra mobile and the minor can use Paytm services for that number for which parents KYC will be required. This means that the Paytm app on minors phone will be logged in by giving parents extra phones number as ID. However all the SMSs will still go to parents phone.
Can below 18 make Paytm account?
Yes, you can open a savings account for minors below the age of 10 years and between 10 to 18 years of age.
Is PAN mandatory for KYC?
PAN is one of the important documents that individual must provide during the KYC process. As PAN card reflects the necessary financial transactions like salary receivable bank accounts, purchase of assets above a specific amount or others, it is required to get the KYC done as early as possible.
Can I use PhonePe under 18?
You are 18 years of age or older; You are capable of entering into a contract /legally binding agreement; You are not barred or otherwise legally prohibited from accessing or using services of PhonePe or PhonePe Entities under the laws of India.
Can Minor Use UPI?
As per the bank guidelines: Only minor above the age of 15 with a bank account as a single (not joint) are eligible for UPI. Minor below the age of 15 years or a minor who is a joint account holder is not eligible for UPI.
Can a 15 year old have Paytm?
The Paytm Services are not available to persons under the age of 18 or to anyone previously suspended or removed by Paytm from availing the their services or accessing their platform.
Can I open Paytm account without PAN card?
Pan card is mandatory because of banking rules and regulation without pan card you can’t open an paytm account. No you cannot open paytm payment bank account without pan card. As per RBI rules and paytm payment bank instruction you should have pan card and aadhar card in order to open paytm bank account.
How can I complete my Paytm KYC with PAN 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.
Can I get ATM card before 18?
You need to open a checking or savings account in order to obtain a debit card. There’s one caveat – the law requires that customers under 18 need a parent to co-sign to set up a checking or savings account.
Can I use Google Pay under 18?
(a) Age Restrictions. To use Google Pay you must be 16 years of age or older. If you are 16 or older but under 18 years of age (or the legal age of your country, if greater), you must have your parent or legal guardian’s permission to use Google Pay and to accept the Terms.
What is the age limit for Paytm KYC verification?
PayTm has made KYC (know your customer) verification compulsory to all its users. So, If you want to use PayTm you should be above 18 years. Person below 18 years can not get there PayTm wallet KYC verified. Anyone can use the Paytm Account but for KYC Verification,your age must be 18 year or above.
Do I need a PAN card to complete KYC under 18?
Yes Now you can Complete your KYC if you are under 18. The new Paytm update is allow to complete KYC under 18. Pan Card is not Cumpolsory. No you don’t need a pan card. You are only asked for Adhaar card number.
Can KYC be done for minors/people less than 18 years in age?
As per our current process, all Indian citizens, Indian residents and Tax residents of India and of no other country. Can KYC be Done for Minors/People Less Than 18 Years in Age? Yes, KYC can be done for minors as well. I Have Already Completed my KYC With Online Verification of Aadhaar. Why do I Need to do KYC Again?
How to do KYC in Paytm in 1 minute?
How to do KYC in 1-minute? 1 Step 1: Tap on the KYC icon. 2 Step 2: Enter your Aadhaar Details and validate OTP. 3 Step 3: Verify your information and tell us few more details. 4 Step 4: That’s It, your KYC is done To initiate your Paytm KYC download the Paytm App from: