PhonePe

Are you looking to unlock the full potential of your PhonePe wallet, including increasing your transaction limits up to ₹2 lakh? Completing your Video KYC is the key! This detailed guide will walk you through each step of the PhonePe Video KYC process, ensuring a smooth and successful verification.

Upgrading your PhonePe wallet through Video KYC provides several advantages, mainly a significantly higher wallet limit. It allows you to withdraw your wallet balance to your bank account, add up to ₹2 lakh, transfer money to any bank account, or pay bills. With minimum KYC, the wallet limit is only ₹10,000, while completing full Video KYC can increase your wallet limit up to ₹2 lakh.

PhonePe Wallet Video KYC: Step-by-Step Guide to Upgrade Your Limit up 2 Lakh

Getting your PhonePe wallet limit upgraded to ₹2 lakh is a straightforward process involving a Video KYC. This digital verification method ensures compliance and enhances your wallet’s capabilities.

Here’s a comprehensive breakdown of each step you need to follow to complete your PhonePe wallet Video KYC and enjoy an upgraded limit.

Step 1: Open the PhonePe App and Navigate to Wallet

Open the PhonePe application on your mobile device. Once the app loads, swipe up on the home screen to reveal more options. Locate and tap on the “Wallet” option. This will take you to your PhonePe wallet section.

Step 2: Initiate the KYC Process for ₹2 Lakh Limit

In the wallet section, you will see two options for your wallet limit. To upgrade your limit to ₹2 Lakh, select the option that states “Max balance: ₹2 Lakh” and indicates “Needs simple video verification.” After selecting this option, tap on the “Get Started” button to proceed with the KYC process.

Step 3: Enter Your PAN Details

The next screen will prompt you to enter your PAN details. Carefully fill in your PAN Card Number, your Full Name as it appears on your PAN card, and your Date of Birth. Once all the details are entered, tap on “Verify PAN Details.” The system will then verify your PAN card information.

Step 4: Consent to Aadhaar Verification

After successful PAN verification, you will be directed to the Aadhaar details section. Read the Aadhaar consent details thoroughly. To proceed, tap on the “I Agree” button.

Step 5: Enter Aadhaar Details and Verify OTP

Now, enter your 12-digit Aadhaar number or your Aadhaar VID (Virtual ID). After entering the number, tap on “Verify Aadhaar Details.” An OTP (One-Time Password) will be sent to the mobile number linked to your Aadhaar. Enter this 6-digit OTP into the designated field and tap “Submit.” Your Aadhaar card will then be successfully verified.

Step 6: Confirm Your Aadhaar Linked Address

Once your Aadhaar is verified, your linked address will be fetched and displayed on the screen. Review the address details to ensure they are correct. If the displayed address is your current address, tick the box confirming “The above address is the same as my current address.” Then, tap on “Proceed.”

Step 7: Provide Personal Details

You will now need to provide additional personal details. This includes selecting your Parent Details, Marital Status, Occupation Type, and Your Annual Income range. You will also have the option to add a Nominee. Fill in all the required information accurately.

Step 8: Initiate Video Verification

After filling in your personal details, you will reach the Video Verification screen. Before starting the call, ensure you have your original PAN card ready, a stable internet connection, and are in a well-lit and quiet place. The call can be conducted in Hindi or English. To start the live video call with a PhonePe representative, tap on “Start Video Verification.”

Step 9: Complete the Video KYC Call

During the video call, the PhonePe executive will ask you to show your original PAN card for verification. They will also take a photo of you. Follow their instructions carefully to complete the verification.

Step 10: Await KYC Verification

Once your video call is completed, you will see a “Video call completed” message. Your details will be under review, and the verification typically takes up to 3 days. You will be notified once the KYC verification is done. The video indicates that KYC verification will be completed within 1 day.

Step 11: Enjoy Your Upgraded PhonePe Wallet

Upon successful verification, your PhonePe wallet will be upgraded! You will receive a confirmation stating, “Done! Your PhonePe Wallet is now Active & Upgraded.” This means you can now enjoy an increased limit of ₹2 lakh, send money to any bank account or QR, and receive money from anyone to your wallet. You can also add up to ₹2 lakh to your PhonePe wallet using various payment methods like UPI, debit card, or credit card.

Can I Complete Video KYC Later?

Yes, absolutely! If you are unable to complete the Video KYC in one go, you can always resume it later. Simply go to your Wallet section in the PhonePe app, and tap on “Resume KYC.” From there, you can continue from where you left off, specifically under the “Video Verification” section by tapping “Verify.”

To successfully complete your PhonePe Wallet Video KYC and access enhanced features and higher transaction limits, follow these steps. You can use your own PAN card or a family member’s for the video KYC. Ensure that the PAN card you use matches the Aadhaar card and that the same person is present during the KYC process.

PhonePe, India’s most popular UPI application, now offers a feature that allows users to instantly download their PhonePe UPI transaction statement PDF from the app. Now you can view and download your complete PhonePe UPI transaction history in PDF format, just like your bank statement.

If you are an Android or iPhone user and don’t know how to download your PhonePe account statement, we can help you with a step-by-step guide. Read this also: How to approve IPO mandate on PhonePe App

How To Download PhonePe UPI Transactions Statement (For Android)

If you are an Android user then please follow the below steps and download your PhonePe UPI transaction statement PDF file instantly:-

Step 1: Open your PhonePe Application and login to your account. Once you successfully login, tap on the “History” tab located below.

Step 2: In the History section, you can check your all UPI transactions history. Here you can see the “Download Statement” option, tap on this option to get your statement PDF file.

Step 3: Next screen you can select a time range like last 30 days, 90 days, 180 days, 365 days OR you can choose a custom date range. Select your preferred time range and tap on the proceed button.

Step 4: Your PhonePe account statement is downloaded successfully and the PDF file has been saved on your phone. Tap on the “View Statement” option to open the statement PDF file.

Step 5: You can now check your PDF statement file. You can view the full UPI transaction history of your PhonePe account in this PDF file.

How to Get a PhonePe Account Statement on iPhone

If you are an iPhone user then you will receive your PhonePe UPI account statement directly to your registered email address. If your email ID is not registered with PhonePe then you can visit the profile section and link your email address.

To get your PhonePe account statement PDF:

Step 1: Just go to the “History” section and click on the “Download Statement” option as discussed above. Now select your date range. You can choose a custom date range and proceed.

Step 2: Done! your PhonePe statement will be sent to your registered email ID. Check your inbox now. You will receive an account statement PDF instantly. To open the PDF file, please use your registered PhonePe mobile number as the password.

I hope you find the new feature helpful that enables you to download your PhonePe UPI transaction statement online, directly from the application. With this new feature, you no longer need to take screenshots of your transaction history to keep a record of your transactions. Instead, you can now get a PDF of your statement, making the process much easier and efficient.

When you receive money in your bank account using UPI, the money will be transferred to your primary bank account. If you have multiple bank accounts linked with PhonePe, you can set a single bank account as a primary or default bank account to receive money into that account.

PhonePe allows you to link multiple bank accounts to make payments with different bank accounts. But to receive payments, you need to select a single bank account as a primary account. You will receive all your UPI payments in the primary (default) bank account, no matter how many accounts you have added to PhonePe.

How to change PhonePe Primary Bank account

Step 1: Open your PhonePe application and go to the profile section. Tap on the profile icon on the top (left side) as you can see in the below image.

Step 2: You can view all your linked bank accounts in the profile section. You can see your current primary bank account. To change your primary bank account, just tap on the bank account which you want to set as a primary.

Step 3: Now in the selected bank account details, tap on the round (Ο) option to make it a primary bank account as you can see in the below screenshot.

Step 4: Now confirm your request by tapping on the confirm.

Step 5: That’s it you have successfully set this bank account as your primary bank account. When someone sends money to your bank account using UPI, the amount will be sent to your primary bank account.

So this way you can change your PhonePe primary bank account. If you are facing any problem in receiving money in the existing primary bank account, then you can switch to a different bank account and change your primary bank account and receive money in a different bank account.

Hope this help!

When you use a mobile number for UPI fund transfer, both the receiver and sender should use the same UPI application but now using the UPI number, you can transfer and receive money from any UPI application, no need to use the same UPI mobile application.

What is UPI Number in PhonePe?

If you are using PhonePe then you can set your mobile number as a UPI number and receive money from any UPI application like Google Pay, Paytm, Amazon Pay, etc by giving your mobile number, no need to share your UPI ID or account details.

A UPI number is a unique number that can be used as a payment address to receive UPI payments on any payment app. The mobile number registered with your PhonePe account will be your 10-digit YOU number and, will be linked to your UPI ID. When you receive money from any UPI application, it will be credited to your PhonePe-linked primary bank account.

How To Set up UPI Number in PhonePe?

Step 1: Open your PhonePe Application and tap on the profile icon located at the top and open the profile section.

Step 2: Now in the profile section, tap on the “UPI Settings”

Step 3: In the UPI Settings, tap on the “UPI Number” option and here you can see the “Link to PhonePe” option to set your mobile number as a UPI number. Click on this option.

Step 4: Now tap on the confirm button.

Done! your mobile number is now successfully set as a UPI number on PhonePe and now you will be able to receive money from any UPI application by sharing just your UPI number. The money will be credited to your PhonePe primary bank account.

So this way you can use your mobile number as a payment address for UPI payments and receive money by sharing your UPI number from any UPI application (google pay, amazon pay, Paytm, etc).