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.
Related Question
What is Full KYC?
Will I not be able to login and use Freecharge?
Why am I eligible for upgrade?
What is the process for upgrade?
I want to know more on Minimum KYC and Full KYC Wallets.
I want to use Freecharge Wallet. How can I complete KYC?
What are the reasons for Full KYC failure and what can be done?
How will it effect, if my Full KYC is rejected?
What is Full KYC expired?
Am I required to upgrade my Freecharge Wallet to Full KYC?
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.