Hey everyone!
I’m planning to open a Mobikwik Wallet does it have any limits on how much money I can add to the wallet? Would appreciate any insights on monthly or daily loading limits and whether KYC affects those limits.
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For Full KYC users-
Transaction limit/ day- Upto 1 lakhs
Maximum Outstanding Balance- Upto 2 lakhs
For Non KYC users-
Upto 10,000
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Yeah, Mobikwik Wallet does have limits, and they depend on whether your wallet is KYC verified or not.
If you haven’t done KYC, your wallet limit is ₹10,000 per month, and you can’t keep more than ₹10,000 in the wallet at any time. Once you complete full KYC, the limit jumps to ₹2 lakh, and you also get access to bank transfers and higher transaction flexibility.
There’s no strict daily loading cap, but it stays within the monthly limit. So if you plan to use it regularly or for bigger payments, it’s worth getting KYC done. It only takes a few minutes with Aadhaar verification.
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Are there separate limits for bill payments, mobile recharges, or DTH payments on Mobikwik wallet?
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No the limits are different due to KYC laws in India so if a user does Full KYC which hardly takes 2 minutes then the max limit for the wallet is 1 Lakh
How to do KYC on MobiKwik?
Download the app it will guide you to KYC by itself