Everything you need to know about the expiry of Minimum KYC is as follows:- www.deekpay.com

1. What is Minimum Registration? Minimum Live Name Verification (MLV) allows you to enjoy some of the benefits of Paytm Wallet. As per RBI regulations, you need to complete the Minimum Authentication to activate the wallet, which is valid for a period of 24 months. To continue using the wallet after 24 months and enjoy the full benefits, you need to complete Full Real Name Authentication.

2. Why will my minimum authentication expire? As per RBI regulations, the minimum authentication is valid for a period of 24 months only. After the expiry of the Minimum Live ID, you will not be able to transfer funds using Paytm (both between wallets and from wallets to bank accounts).

3. Where can I use my existing wallet balance after the minimum real name verification expires? You can use your existing wallet balance for all types of merchant payments including recharges, bill payments, etc. However, you will not be able to transfer money from your Paytm Wallet to another Paytm Wallet or bank account.

4. How can I continue to use the Paytm service after the minimum authentication period expires? In order to utilise the Paytm app to the fullest, you need to complete full Live Verification. Once you complete the Live Verification, you will become a fully verified customer. Once you become a Full Live Verified Customer, you will get the following benefits: - The amount you can hold in your wallet has been upgraded from ₹10,000 to ₹1,00,000; - There is no spending limit on your wallet account; - You can transfer money to Any other wallet or bank account; - You are eligible to open a Paytm Payments Bank Savings Account. Click here to complete your full real name verification.

5. What happens if I don't complete full authentication? If you do not wish to complete Full Real Name Authentication, you will not be able to add funds to your Paytm Wallet after the expiry of Minimum Real Name Authentication. However, you can use the UPI service on the Paytm app, which will enable you to make payments to merchants as well as make inter-bank transfers.

Please note: Beware of fraudsters posing as Paytm representatives calling customers for Real Name Authentication activation.A Paytm representative will never call you for OTP or ask you to install remote access apps such as Anydesk or TeamViewer QuickSupport on your phone.Face-to-face verification is required to complete the full Real Name Authentication. Read this blog in Hindi.