I’m a MobiKwik user but haven’t completed my KYC yet, and I’m trying to understand the limitations that come with a non-KYC wallet. What is the maximum balance I can hold in my MobiKwik Wallet without KYC? Are there any restrictions on transactions like sending money to others, transferring to a bank account, or making payments above a certain limit? Would appreciate any clarity on how these limits differ from a full-KYC wallet.
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Things we can do without KYC are-
- Mobile & DTH recharges
- Utility bill payments
- Online and offline shopping (QR/payments at stores)
- Booking movie tickets, food orders, bus/hotel tickets
Things we can’t do without KYC are:
- Sending money to other MobiKwik users or bank accounts is not allowed.
- Cannot do wallet to bank transfer.
Wallet Balance without KYC: Max ₹10,000 outstanding at any time.