No. As per RBI’s PPI Guidelines, you can continue enjoying the benefits of your Minimum KYC Wallet without the requirement of Upgrading to Full KYC.
What is Full KYC?
What is the process for upgrade?
What are the reasons for Full KYC failure and what can be done?
Will I not be able to login and use Freecharge?
I want to use Freecharge Wallet. How can I complete KYC?
Why am I eligible for upgrade?
I want to know more on Minimum KYC and Full KYC Wallets.
How can you reinstate your Full KYC ?
What is Full KYC expired?