PhonePe wallet is monitored by the RBI and after RBI Guidelines it is necessary to complete the PhonePe KYC. Completing the KYC will not harm us in any manner although it will give us some additional benefits for being a verified user of PhonePe by completing the KYC.
Pro Tip: You can read our guide on Top 7 PhonePe Features- Everything You Need To Know and How To Set PhonePe Lock- Step By Step Guide
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How To Check PhonePe KYC Completed Or Not
There are several steps needed to check PhonePe KYC is completed or not. It is a completely online process and will take not more than 1 minute to do this. As of now, there is no KYC center available, you can complete PhonePe KYC while sitting at your home, office. Just follow the below steps to see how one can complete PhonePe KYC online.
Step By Step Guide To Check PhonePe KYC Completed Or Not
If you have not completed your Paytm KYC then you can go through this Complete Paytm KYC. So, without wasting the time read our step-by-step guide to know PhonePe KYC is completed or not.
Step 2: Now tap on your profile which is located at the top left corner of your screen.
Step 3: Now you have to scroll to the bottom of your screen and you can check your KYC status under the KYC details section. If you can see there is a verified option then your PhonePe KYC is completed if not then your KYC is not completed.
FAQ(Frequently Asked Questions)
PhonePe wallet is monitored by the RBI and after RBI Guidelines it is necessary to complete the KYC of every digital wallet like Paytm, PhonePe, etc. Completing the KYC will not harm us in any manner although it will give us some additional benefits for being a PhonePe KYC verified user.
Note: You don’t need to visit anywhere to complete your KYC just like we need to visit the KYC Center to complete the Paytm KYC. There is no such PhonePe KYC center as of now.
You can transfer PhonePe cashback to your bank account but not directly. There is an alternate way from which we can do this. Firstly you need to buy gold from your cashback or wallet balance. Secondly, you need to sell that gold by the above-described methods. After selling the gold your cashback will be credited to your bank account.
Note: There will be some loss of your money. This is due to the buying rate of gold being higher than the selling rate. Approximate you will lose Rs 4 for selling the gold amount of Rs 100.
PhonePe is a mobile wallet, we can use it for availing of the available services. Some of the services are, Send Money, Electricity Bill Payment, Water Bill Payment, Buy Gold, Sell Gold, Metro Recharge. Just follow the instruction to know how to pay the Electricity Bill from PhonePe.