The procedure to close inactive wallets varies across companies. For instance, if you have an inactive e-wallet from freecharge then to close the. Submit a request for activation of your account through internet banking. You need to visit the website of paytm payments bank ltd. The banks and credit card companies charge a fee for loading money into the paytm wallet from any of these sources. Users who didnt complete their kyc continue to receive money from other paytm users if they had given any document id at the time of sign up. Amid rise in online banking scams, the mobile wallet giant paytm has asked.
Your mobile wallet account will get inactive if you fail to do this. Paytm has clarified in a blog that users can continue to use the digital wallet app even without linking their aadhaar or kyc process. While you can continue recharging for pre-paid mobiles or pay postpaid bills, money transfer to bank accounts is no longer permitted. Wallets that have been inactive for six months and have zero balance wont be transferred to the paytm payments bank wallet unless their. In case a users wallet has been inactive for the last six months and has zero balance, it will not be transferred to the paytm payments bank. .