Complete Guide to Documents Required for Paytm KYC 2019: Step-by-Step Instructions
Introduction
Paytm, one of India's leading digital payment platforms, has made it mandatory for all its users to complete KYC (Know Your Customer) by December 31, 2019. KYC is a regulatory requirement aimed at preventing financial fraud and money laundering. By submitting the necessary documents, you can verify your identity and address, ensuring the security of your Paytm account and the financial system as a whole.
Essential Documents for KYC Verification
To complete your Paytm KYC, you will need to submit the following documents:
-
Identity Proof:
- PAN Card
- Aadhaar Card
- Voter ID Card
- Driving License
-
Address Proof:
- Aadhaar Card
- Voter ID Card
- Driving License
- Utility bills (electricity, water, telephone)
- Bank statement
- Property tax receipt
Step-by-Step KYC Verification Process
Step 1: Log in to Paytm
Visit the Paytm website or mobile app and log in to your account.
Step 2: Navigate to KYC Section
Click on the "Kyc" section from the home screen. Alternatively, you can access it from the "Account Settings" menu.
Step 3: Select Document Type
Select the type of identity proof and address proof you wish to submit.
Step 4: Upload Documents
Click on the "Upload" button and select the scanned copies of your documents from your device.
Step 5: Verify Details
Enter your personal details as per the selected documents and cross-check for accuracy.
Step 6: Submit for Review
Review the uploaded documents and entered details and click on the "Submit" button.
Paytm will review your documents usually within 24-48 hours. You will receive an email or SMS notification once your KYC is verified.
Tips and Tricks
- Use high-quality scans or photos of your documents for clear verification.
- Ensure that the documents are valid and not expired.
- Check the file size of the uploaded documents; it should not exceed 2 MB.
- If you have multiple identities or addresses, submit documents supporting each identity and address.
- If you face any difficulties in uploading the documents, contact Paytm customer support.
Common Mistakes to Avoid
- Do not submit documents that are not listed as valid identity or address proofs.
- Avoid submitting blurry or incomplete documents.
- Do not use expired documents.
- Enter your personal details accurately as per the submitted documents.
- Ensure that the documents are not forged or tampered with.
FAQ
Q: What is the deadline for completing KYC on Paytm?
A: December 31, 2019
Q: What happens if I don't complete KYC by the deadline?
A: Your Paytm account may be restricted or suspended.
Q: Is it safe to upload my documents online?
A: Paytm uses secure encryption protocols to protect your data.
Humorous Stories and Lessons
Story 1:
A man tried to submit a selfie as his identity proof. The Paytm team responded with a witty message: "Selfie verification not accepted. Please try again with a government-approved identity card."
Lesson: Don't be creative when it comes to KYC verification.
Story 2:
A woman submitted her pet dog's photograph as her address proof. The Paytm team sent a reply: "Your furry friend is adorable, but we need a valid address proof."
Lesson: Pets cannot provide proof of residence.
Story 3:
A man decided to upload his birth certificate instead of a PAN Card as identity proof. The Paytm team responded: "Thank you for sharing your life story, but we only need a PAN Card for KYC."
Lesson: Submit the correct and required documents for verification.
Useful Tables
Table 1: Accepted Identity Proof Documents
| Document |
Required Information |
| PAN Card |
Name, Date of Birth, Father's Name |
| Aadhaar Card |
Name, Date of Birth, Address |
| Voter ID Card |
Name, Date of Birth, Address |
| Driving License |
Name, Date of Birth, Address |
Table 2: Accepted Address Proof Documents
| Document |
Required Information |
| Aadhaar Card |
Address |
| Voter ID Card |
Address |
| Driving License |
Address |
| Utility bills (electricity, water, telephone) |
Address, Name |
| Bank statement |
Address, Name |
| Property tax receipt |
Address, Name |
Table 3: Pros and Cons of Different Proof Documents
| Document |
Pros |
Cons |
| PAN Card |
Widely accepted |
Requires submission of physical card |
| Aadhaar Card |
Easy to obtain |
Sensitive data concerns |
| Voter ID Card |
Widely accepted |
Can be forged |
| Driving License |
Easy to obtain |
May not contain current address |
| Utility bills |
Conveys current address |
May not contain full name |
| Bank statement |
Conveys current address |
May not contain full address |
| Property tax receipt |
Conveys ownership of property |
May not be up to date |
Conclusion
Completing KYC on Paytm is a crucial step towards ensuring the security of your account and the financial system. By following the step-by-step process and submitting the necessary documents, you can verify your identity and address, allowing you to continue using Paytm's services without any restrictions. Remember to avoid common mistakes and utilize the tips and tricks provided to make the process hassle-free.
