Mandatory KYC for Digital Wallets

Have you done KYC for your digital wallets?


  • Total voters
    13

amish

Star gazer
Regulars
Jul 3, 2006
24,650
1,061
Mumbai
Amazon sent me email today stating that if I want to use MY MONEY in my Amazon pay balance then I must provide them with KYC details (PAN, Aadhar or voter card number)

I have about 3500Rs - so first I will try to use the money without KYC. If not then well I will have to provide something,
 

Sushubh

Administrator
[OP]
Oct 29, 2004
413,823
12,769
Gurugram
that should not be happening. existing funds in amazon pay should be open for use without kyc.
 

amish

Star gazer
Regulars
Jul 3, 2006
24,650
1,061
Mumbai
Yes that seems to be case earlier - now they seem to say - "As per new RBI guidelines"

Here is first paragraph of the email.

As per new RBI Guidelines, it is mandatory to complete your Customer Identification by sharing an official ID number to enjoy uninterrupted usage of Amazon Pay balance.
 


Sushubh

Administrator
[OP]
Oct 29, 2004
413,823
12,769
Gurugram
well. do post here when you get a chance to see if you can buy stuff using the funds already in pay before doing kyc.