Amazon sending mail, messages for KYC

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Getting sms and emails from Amazon

“Your Amazon Pay balance account will be marked financially inactive on 01 06 2021. Load money or complete KYC to continue usage”

My account is already full KYC done.
I have pay balance in that account.
Should I be worried?

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Ramta_Jogi wrote:

Load Rs.100/-. Don’t worry

I have 2k+ already, not able to utilise that unamused

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Add 1 rupee directly to wallet. You should do at least one transaction in 5-6 months(though exact limit is 1 year) for any prepaid instrument nowadays to avoid such issues.

https://m.rbi.org.in/scripts/FS_FAQs.aspx?Id=12...

42. What will happen to a PPI that is not used for a certain period?
Ans.A PPI with no financial transaction for a consecutive period of one year shall be made / treated inactive after sending a notice to the PPI holder. It can be reactivated only after validation and applicable due diligence.

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guest_999 wrote:

Add 1 rupee directly to wallet. You should do at least one transaction in 5-6 months(though exact limit is 1 year) for any prepaid instrument nowadays to avoid such issues.

https://m.rbi.org.in/scripts/FS_FAQs.aspx?Id=12...

42. What will happen to a PPI that is not used for a certain period?
Ans.A PPI with no financial transaction for a consecutive period of one year shall be made / treated inactive after sending a notice to the PPI holder. It can be reactivated only after validation and applicable due diligence.

To meet this requirements phonepe and paytm credits cash back in wallet and treat it as transaction..

Why amazon dose not treat cash back as wallet load i dont know..

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guest_999 wrote:

Add 1 rupee directly to wallet. You should do at least one transaction in 5-6 months(though exact limit is 1 year) for any prepaid instrument nowadays to avoid such issues.

https://m.rbi.org.in/scripts/FS_FAQs.aspx?Id=12...

42. What will happen to a PPI that is not used for a certain period?
Ans.A PPI with no financial transaction for a consecutive period of one year shall be made / treated inactive after sending a notice to the PPI holder. It can be reactivated only after validation and applicable due diligence.

Loading gift cards won’t count? flushed

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BAT_MAN wrote:

Loading gift cards won’t count? flushed

Adding gift cards & adding balance directly are different things, that is why a min kyc amazon acc can add 1 lakh of GV in a day/month but can only add max 10k balance to amazonpay wallet directly in a month.

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Bk100 wrote:

To meet this requirements phonepe and paytm credits cash back in wallet and treat it as transaction..

Why amazon dose not treat cash back as wallet load i dont know..

That is because amazon differentiates amazpnpay wallet balance into 2 parts: a) cashback & gv(not restricted by min kyc condition of 10k/month) b)wallet part restricted by min kyc condition.

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guest_999 wrote:

That is because amazon differentiates amazpnpay wallet balance into 2 parts: a) cashback & gv(not restricted by min kyc condition of 10k/month) b)wallet part restricted by min kyc condition.

Yes. Amazon loads cash back as gv.. Freecharge also dose same.. They load cash back as gv…

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Bk100 wrote:

Yes. Amazon loads cash back as gv.. Freecharge also dose same.. They load cash back as gv…

Yes & its advantage is that unlike paytm & phonepe which has 10k cashback limit per month(assuming no other credit like balance add) for min kyc account, amazon has no such limit.

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guest_999 wrote:

Yes & its advantage is that unlike paytm & phonepe which has 10k cashback limit per month(assuming no other credit like balance add) for min kyc account, amazon has no such limit.

Paytm says it will credit gv after 10000 wallets limit per month ends ..

But in Amazon cash back can cross 10000 due to shopping cash back..

In paytm nobody able to reach that 10000 limit.. 😂

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