New RBI guidelines on pre-paid wallet instruments dated 11th Oct 2017 mandate all pre-paid wallet providers (like Paytm) to get their users link Aadhaar to their account

Linking Aadhar to account is the process of a business identifying and verifying the identity of its clients. This process helps to ensure that the services are not misused.

Importance of linking Aadhaar:

  • A mandatory document as per regulations of the Government
  • Regulations of the RBI Guidelines for any company that deals with money of  customers
  • It is done to prevent identity theft,  financial fraud, money laundering and  terrorist financing

Advantages of Linking Aadhaar with Paytm account:

  • Aadhar linked Paytm users can seamlessly transfer money to other wallets and bank accounts and their wallet limit will increase to Rs. 1 lac
  • Only such users can open a savings account with the newly launched Paytm Payments Bank and earn interest on their savings
  • Also there are many exclusive offers

Accepted documents:

All that is required is Aadhaar card and thumb impression of the account holder.

Linking Aadhar with Paytm account:

  1. GO to your nearby KYC center
  • Tap on the hamburger menu on your Paytm app and select “Nearby” option
  •  Now tap on “Complete KYC” to find our KYC centers in proximity of your location (make sure location services is activated on your mobile)
  • Visit any center with your Aadhaar number and PAN and get your full KYC done instantly

2. Raise a request on app here for calling an agent to your location