[Info] All wallet users, do keep in mind, specially MobiKwik
- 1863
- 30
-
- Last Comment
After Dec 31, there will be a lot of restrictions on non-KYC wallet accounts. Irrespective of RBI circulars, each wallet will implement it in it’s own way. e.g. monthly limit will reduce to 10k, accounts older than 12 months (without full KYC) may be disabled, etc.
Example: Ola money has sent a mail that I will not be able to operate my account after Dec 31 if I do not complete KYC. The Ola cabs app has an option to minimum KYC using passport / PAN etc. No proof required, only the number. This will enable wallet usage up to 10k per month.
MobiKwik supercash will go waste if the account is disabled. Except for my primary account (full KYC), my plan for the other accounts is this:
1. keep 0 balance at all time. (In case account is disabled, only supercash will be lost). This applies to all wallets, not just MobiKwik
2. Till Dec 15, only use earn supercash options, not burn. After 15th, only burn, not earn. May still use load money offers, as it is free supercash, nothing to lose. 87% of the supercash can be used in 20 transactions.
3. From Jan, forget those non-KYC wallets, use only one account.
- Sort By
Tks for info. Yes ‘dummy’ accounts no longer worth it. Btw anyone got update on Freecharge KYC?
Thanks…useful info
Eko Janvary se One Man, One Wife per Aadhar Card basis only
May our PM listen you
E-address also coming
Indian government planning to digitally map addresses in a six-character alpha-numeric string
op any load money offer in force ?
Only the old ones:
SUPER200 200/6667
MISSU01 10/100
CHANCE30 30/100
INSTALL 30/50
used*
Can we load mobikwik via payzapp card?
It wasn’t working before, try yourself once, these things are very dynamic, changes all the time!
Off topic: using rupay card for loading wallets is being charges?
Other better avenues to use rupay card?
I am aware I can use it at POS, looking for something beneficial.
No charges for loading into Mobikwik, not sure of others.
Mobikwik is giving away too many supercash offers. Shopclues, Zingoy and many other 100% cash backs. Be very careful while accumulating supercash in dummy accounts. The rate at which they are rolling out offers, I am getting a feeling that there is going to be a shocker soon.
Totally agree i guess they are very well planned this time ..the pace at which they are going it seems all wallets fc,udio etc diesbut only mobikwik still surviving along with paytm(thats a whole different thing)but mobik has expanded their range of stores where it can be used and they are constantly monitoring the activities and putting restirictions accordingly…better we watch our steps
MobiKwik has extended the Supercash validity to March 2018. It’s a trap for non-KYC users. You may not be able to add money to wallet from Jan 1st (if your account is already more than 12 months old) and you cannot use Supercash without wallet balance. We have to wait and watch how they implement the changes.
If this is a re-post, do let me know, will get this deleted.