How to do Full KYC on PhonePe?
Here’s a step-by-step process on how to complete Full KYC on PhonePe:
- Open the PhonePe App: Launch the PhonePe app on your mobile device.
- Profile Access: Tap on your profile picture in the app’s top left corner.
- Find the KYC Section: Locate the “My KYC Profile” or “KYC Verification” section under “Payment Settings.”
- Start the Process: Tap on “Upgrade Wallet” or “Complete KYC.”
- Choose Full KYC: If given an option between Minimum and Full KYC, choose “Full KYC.”
- Provide PAN and Aadhaar: Enter your PAN and Aadhaar details in the designated fields.
- Verify Aadhaar: PhonePe will send an OTP to your Aadhaar-linked mobile number. Enter the OTP to verify.
- Upload Proof of Address: Scan or take a clear photo of your proof of address document and upload it.
- Video Verification: In some cases, PhonePe might ask you to complete a short video verification. Follow the on-screen instructions, which usually involve showing your face and your ID document to the camera.
- Await Approval: The KYC process usually takes 2-3 business days to complete. PhonePe will notify you once your KYC is approved.
How to do KYC in PhonePe?
PhonePe is a popular digital payments platform in India, offering a variety of financial services like mobile recharges, bill payments, and money transfers. To fully utilize the features of PhonePe, it’s necessary to complete KYC (Know Your Customer) verification. KYC is a regulatory process that helps financial institutions confirm your identity and address, reducing the risks of fraud and ensuring compliance with financial guidelines.
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