After 20/06/2018 Paytm stop showing KYC option on Paytm App. If you create a new Paytm account or you have a non-KYC Paytm account so you can't complete your KYC on Paytm App. To get KYC done read this article and watch the video mentioned below.
Aadhaar is one of the means of proving your identity for increasing wallet limit. You can also KYC at Paytm using Passport, Voter Id, Driving license or NREGA card
Aadhaar is not the only document using which KYC can be done. However we prefer Aadhaar since you can do KYC yourself using it on Paytm app. If you want to do non-Aadhaar KYC, then request for the home visit from Paytm App & inform the Paytm executive to carry out non-Biometric KYC. Non-Biometric KYC process can take up to 4–5 days for approval
Paytm Wallet is issued by Paytm Payment Bank, hence all legal terms and conditions mention PPBL. Paytm Payments Bank is India’s only mobile-first bank with zero balance — zero digital transaction charge. Paytm offers Paytm wallet and Savings bank account from Paytm Payment bank.
We don’t open Bank account as part of KYC. To open a bank account Paytm agent will need explicit consent from you. The agent will ask for another SMS to take confirmation from you. You will be sent an SMS which will mention One time code( OTP) for this confirmation. Just dont share this OTP if you dont want bank account.
There are no charges for KYC. It is completely FREE