HOW TO INCREASE YOUR PAYTM WALLET LIMIT?

Paytm wallet users can increase their transaction limit to Rs 1 lakh by verifying their ID and address proof. As per RBI guidelines, individuals using wallets are allowed to add Rs 10,000 per month if their KYC is not verified.

Paytm is a virtual wallet where individuals who have downloaded the wallet can store money online and can be used instead of debit/credit or net banking.

Why you should consider increasing your limit? Individuals can enjoy increased limit of Rs 1 lakh. There will be no more delays in cashback, faster for larger cashback and other exclusive offers for KYC verified users. What is the procedure to increase the limit?

Login to your paytm using user Id and password. Individuals can choose from the option to schedule an appointment or walk-in to nearest KYC center for faster verification.

In case if you choose to schedule an appointment, provide your address.

Carry one of your original documents to walk in centres. You will have to fill in KYC form, which will be available at walk-in centers.

Aadhaar card, Passport, VoterID, Driving licence and NREGA job card can act as KYC documents.

Note that if you are looking to spend more than Rs 50,000 in a single transaction, one should submit a copy of your PAN card in addition along with other documents.

One should carry original documents and passport size photograph. There are various centres of One97 Communications Ltd where individuals can walkin to verify credentials.

POST OFFICE APP: HOW TO ACTIVATE POST OFFICE MOBILE BANKING APPLICATION?

Earlier, individuals were finding it difficult to maintain a post office account due to unavailability of internet banking where all the transactions were done manually.

Department of Posts recently launched the mobile banking application. Now you can undertake office transaction on the go. Post office customers can do banking from anywhere and anytime using your mobile device.

Note that Department of Post will never ask you to provide your MPIN, Transaction Password, User ID and OTP (One Time Password).

How to Activate Post Office Mobile Banking Application? 

Step 1: Download the Mobile Banking Application from Google Play store. Make sure you download the right app.

Once the app is opened, click on Activate Mobile Banking button.

Step 2: Enter the Security Credentials which you have provided with Department of Post.

There is no Charges for OTP (One Time Password) message. Activation OTP will be sent to your registered mobile number.

Enter the OTP on the screen to proceed further.

Step 3: Once your activation is successfully validated you will be asked to enter 4 digit MPIN. Once your enter 4 digit MPIN of your choice and you will be activated for Mobile Banking Application.

Step 4: For login into Mobile Banking application, please enter your User Id and the new MPIN. Conclusion