How to link Aadhaar card from mobile wallet, important things to know
New Delhi : In recent years, mobile wallet banking has made financial transactions safe and easy. It is a process which allows customers to pay and receive money through mobile device such as a mobile phone or tablet. It is considered to be more secured than swiping psychical debit or credit cards. Moreover, it facilitates transaction of money without any technical problems.
Also referred as mobile money, the payment process is largely used by smartphone users, today. If you have already installed the mobile wallet app, then here are some important things to do to avoid future confusion.
You must have notice the message "Please update your KYC base card number", which often comes at the time of using mobile wallet for any financial transaction. Most people ignore it without knowing the consequences of not updating KYC within the stipulated time frame. Your mobile money transfer may stop if you forget to update your KYC and bank may not respond to your request. So, to help you, we have come up with steps to link Aadhar card from mobile wallet. Just take a look at the mentioned below information.
The e-Wallet company, along with the Aadhaar card also ask some other important documents for verification. The required document list may include passport, driving license, PAN card, permanent identity card etc.
According to RBI governor, if you do not want to share your information with anyone other than the bank, it is intentional. If you do not provide information about your KYC, you will not be blocked in any wallet and your deposit amount will also be safe.
Here we are going to tell you how your KYC not linked to mobile wallet will have impact on payment process:
Vodafone M-Money: In this wallet, you will not be able to add money if your Aadhaar number is not linked to it. You will be able to use the app for normal recharge process and other transaction features.
Paytm: Unless you link it to the base, you will not be able to send the money to any other user nor will you be able to take it from him or send money to the bank account.
Reliance Jio Money: If you have not linked the Reliance Jio Money Wallet to the base then you will only be able to use it for recharge. You will not be able to add money to its wallet.
Amazon Pay Balance: Users of Amazon pay balance wallet will be able to use that money which is in wallet but KYC will not be able to add money to the wallet if not updated.