Paying has become simpler thanks to digital wallets like HDFC Bank PayZapp. With PayZapp, you may rapidly send money to friends, relatives, or anybody else in addition to paying for recharges, utility bills, cinema tickets, groceries, plane tickets, shopping, and taxi trips, among other things. If you want to utilise digital wallets, you must complete your KYC, according to the Reserve Bank of India. I will tell you about the entire process of
PayZapp KYC updation, here.
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All users of Payzapp must now complete full KYC in order to access functions like fund transfers to bank accounts, money additions, and offers to receive. If you are utilising a PayZapp wallet but have not finished full KYC, you will not be able to use these features.
Currently, only HDFC Bank account holders can use Payzapp full KYC. Therefore, if you use a Payzapp wallet and have an HDFC bank account, you could also submit your KYC online in about one minute.
To complete KYC, HDFC Bank users are only required to connect their bank account with the Payzapp wallet. Customers of banks other than HDFC bank are not currently able to use this feature.
Okay, so in this section, I'll explain how to finish Payzapp's full KYC process and reactivate your wallet.
How to do KYC for PayZapp?
Follow the steps mentioned below to learn how to update KYC in PayZapp.
Open the Payzapp wallet first, then select Settings.
Open the option to view/update KYC found here.
On the following screen, select Complete KYC.
When asked "Are you an HDFC Bank customer?" click yes.
You may discover your HDFC bank account customer ID on your passbook, e-statement, or via mobile banking or online banking.
Your KYC will be finished once you have entered your customer ID.
You can now use your Payzapp wallet with no restrictions after completing the whole KYC process.
Your monthly wallet allowance will be doubled to ₹1,00,000, allowing you to add ₹1 lac per month.
Any bank account can receive money from your wallet.
Your Payzapp card is currently valid for five years.
You no longer need to repeat KYC because the Payzapp wallet's validity has been extended to infinity.
You can now take advantage of cashback offers.
Additionally, you can transfer funds to other Payzapp users.
This is how HDFC Bank users may complete the whole process of
PayZapp KYC updation
and enjoy all of its unrestricted features.
Read More: What is KYC in Bank: Meaning and Importance? What do KYC Documents mean? How to Transfer Money From PayZapp Wallet to Paytm?Your Feedback Matters! How was this Answer?
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Authors Of The Question
How to Do KYC for PayZapp?
Bhawna Krishnan
793 Views
1 Answers
2 Year
2022-10-21T10:08:37+00:00 2022-10-21T10:08:39+00:00Comment
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