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Minimum KYC+
Minimum KYC+
Can I transfer the money to someone else’s wallet or bank account from Minimum KYC+ Freecharge Wallet?
No, you cannot transfer money to someone else’s wallet or bank account from the Minimum KYC+ Freecharge Wallet. For that, we recommend you convert to Full KYC Freecharge Wallet.
How much money can I hold in the Minimum KYC+ Freecharge Wallet?
At any point in time, you can hold up to Rs.5,000/- in your Minimum KYC+ Freecharge Wallet. If you have a balance greater than Rs.5,000/- in your wallet, you will not be able to further add money without utilizing the existing amount. The amount loaded in such wallets during any...
What is the Minimum KYC+ FreeCharge Wallet?
The Minimum KYC+ FreeCharge Wallet does not have a requirement of converting into a Full KYC Prepaid Payment Instrument (PPI) and comes with lifetime validity (no expiry date). You can add up to Rs. 5,000 per month and Rs. 60,000 per year.
Whether I can convert to a Full KYC wallet after I have migrated to the Minimum KYC+ Freecharge Wallet?
Yes. You can convert your Minimum KYC+ Freecharge Wallet to a Full KYC wallet.
What if I do not want to migrate to the Minimum KYC+ Freecharge Wallet?
In case you do not wish to migrate to the Minimum KYC+ Freecharge Wallet, you may choose either of the below mentioned option: Convert your wallet to a Full KYC Wallet through the processes mentioned here ; or Continue transacting on Freecharge using UPI, Debit/Credit Cards or Ne...
Where can I use the Minimum KYC+ Freecharge Wallet?
You can use Minimum KYC+ Freecharge Wallet only for merchant payments such as recharges, utility bill payments and various services on the App/website.
What is the process for opening a Minimum KYC+ Freecharge Wallet?
As per the Reserve Bank of India guidelines, you need to provide your Name and Unique Identity/Identification number of any of the mandatory documents or officially valid documents listed in the RBI’s Master Direction - Know Your Customer (KYC) Direction, 2016 KYC (Passport, Vote...
Who all are eligible for the Minimum KYC+ Freecharge Wallet?
You are eligible for the Minimum KYC+ Freecharge Wallet if either: You are new to the Freecharge App/website – you have never registered with Freecharge before You have registered on Freecharge App/website but have not completed the Full KYC process.
How can I add money to the Minimum KYC+ Freecharge Wallet?
You can add money to Minimum KYC+ Freecharge Wallet using Debit card, Credit Card, Net Banking.
