I use PayZapp for my monthly bill payments and sometimes for shopping. I want to know how much money I can add to my wallet in a month so I don’t hit any surprise limits.
The monthly wallet load limit in PayZapp is not a single fixed amount for everyone. It depends entirely on the Know Your Customer (KYC) status of your account, as per the guidelines set by the Reserve Bank of India (RBI). There are two distinct types of limits.
The Wallet Load Limit for Minimum KYC Users
My friend, was new to PayZapp and had only registered with her name and mobile number. She tried to add ₹12,000 to her wallet to pay for a flight ticket but the transaction was blocked. I explained to her that as a minimum KYC user, her monthly load limit is capped at ₹10,000. Furthermore, the balance in her wallet can never exceed this amount at any point.
The Wallet Load Limit for Full KYC Users
After I completed my full KYC using my PAN and Aadhaar, my wallet’s capacity increased significantly. A colleague asked me what the monthly “load limit” was. I explained that for full KYC users, there isn’t a strict “monthly load limit.” The main rule is that your wallet balance cannot exceed ₹2,00,000 at any given time. This means I could spend ₹50,000 and then load another ₹50,000 in the same month, as long as my total balance stays within that ₹2,00,000 cap.
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