Hotness YouFirst ask Aadhar number for activating your ...

Hot Deal YouFirst ask Aadhar number for activating your youfirst cards (BOI visa or RBL RuPay)

719°
Missing
Shopping Friend
246
6729
97

YouFirst ask Aadhar number for activating your youfirst cards (BOI visa or RBL RuPay):

" Dear Sir,

Note:- With reference to the Reserve Bank of India Master Guidelines on Prepaid Instruments vide circular No# RBI/DPSS/2017-18/58, Master Direction DPSS.CO.PD.No.1164/02.14.006/2017-18, Dated October 11, 2017, the Reserve Bank of India has mandated on the below requirements.

1. One card per customer at a time.

2. Obtaining of a “valid unique Identity Proof” against every Prepaid Card sold.

3. Limit to be maintained at INR 10,000/- per month & INR 1,00,000/- p.a. per customer.

Hence furnish your Aadhar card number in order to process the request and to comply with the regulatory guidelines by the Reserve Bank of India.

Refer of the above mentioned master guidelines for more details.
Regards, Team FINOPS YouFirst Venture Pvt. Ltd."

70 Comments  |  
27 Dimers
Missing
Deal Lieutenant
316
3708
57

RBi requirements do not mention Aadhar, only a “valid unique Identity Proof”, which could be PAN also.

Missing
Deal Newbie
52
62
0

Have they mentioned this in the amazon website??

Missing
Deal Subedar
76
2938
31
pasupugal wrote:

Have they mentioned this in the amazon website??

Nowhere mentioned at Amazon.

So I requested to initiate the refund. Also raised the claim at Amazon.

Missing
Deal Cadet
54
362
3

So they should stop selling cards anything above 10K ?

Missing
Deal Cadet
55
433
7
1cooldesidd wrote:

RBi requirements do not mention Aadhar, only a “valid unique Identity Proof”, which could be PAN also.

Even if you furnish PAN, its equivalent to getting the details as with aadhar… If Income tax wants to track the transactions, they can easily do so with PAN as well…. Bottom line is Submitting aadhar or PAN will have significant impact now, as they now can be easily tracked by the tax dept…

Missing
Deal Major
7,114
22601
275

Bad news
We need bank offers monthly now https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif

Missing
Deal Cadet
112
668
7

Prepaid Cards Dead now….
and will lead to further death of Shopclues

Missing
Shopping Friend
246
6729
97

I hate the 3rd point, Limit to be maintained at INR 10,000/- per month & INR 1,00,000/- p.a. per customer.

limit should be INR 10,000/- per card & INR 1,00,000/- per month. https://cdn2.desidime.com/assets/textile-editor/icon_rolleyes.gif

Missing
Deal Lieutenant
515
6440
54
getready wrote:

Bad news
We need bank offers monthly now https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif

+ 100

And we should be able to buy one 10 k card of each type of prepaid instruments i.e youfirst boi 10k card, youfirst rbl 10k card….

And i wish they come up with few more co-branded cards with other banks https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif

P.S. I’m wishing too much https://cdn1.desidime.com/assets/textile-editor/icon_smile.gif

Missing
Deal Major
7,114
22601
275
abhishek012 wrote:

I hate the 3rd point, Limit to be maintained at INR 10,000/- per month & INR 1,00,000/- p.a. per customer.

limit should be INR 10,000/- per card & INR 1,00,000/- per month. https://cdn2.desidime.com/assets/textile-editor/icon_rolleyes.gif

Shopclues will be happy
User base will increase (at least in numbers https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif )

Missing
Deal Cadet
112
668
7
abhishek012 wrote:

I hate the 3rd point, Limit to be maintained at INR 10,000/- per month & INR 1,00,000/- p.a. per customer.

limit should be INR 10,000/- per card & INR 1,00,000/- per month. https://cdn2.desidime.com/assets/textile-editor/icon_rolleyes.gif

This above seems to be for Prepaid Wallets like Paytm, FC, Amazon Pay etc……

Also, came across this Point:
“Existing authorised Prepaid Payment Instrument (PPI) issuers shall ensure compliance with the revised requirements on or before December 31, 2017, except where timelines have been specified in this Direction.”

https://rbi.org.in/Scripts/NotificationUser.asp...

Missing
Deal Lieutenant
515
6440
54
Expand
getready wrote:

Shopclues will be happy
User base will increase (at least in numbers https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif )

Will have to open shopclues account of all family members incl of extended ones https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif

Missing
Deal Major
7,114
22601
275
https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif https://cdn1.desidime.com/assets/textile-editor/icon_biggrin.gif
Missing
Deal Cadet
112
668
7

@abhishek012
since when has YouFirst started asking for this Validation ??

Because my YF RuPay cards got activated yesterday and they did not asked any such thing from me…

Missing
Deal Cadet
112
668
7

Tagging @A2Zdeals

Missing
Deal Lieutenant
515
6440
54
getready wrote:
https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif https://cdn1.desidime.com/assets/textile-editor/icon_biggrin.gif

I’m not sure why these guys are asking for aadhar or any other identification … read statment in bold below …or are they asking from people with gift cards worth >10k

10.1 Gift instruments
Banks and non-bank entities are permitted to issue prepaid gift instruments subject to the following conditions:
Maximum value of each prepaid gift instrument shall not exceed Rs.10,000/-.
These instruments shall not be reloadable.
Cash-out or refund or funds transfer shall not be permitted for such instruments.
KYC details of the purchasers of such instruments shall be maintained by the PPI Issuer. Separate KYC would not be required for customers who are issued such instruments against debit to their bank accounts in India.
Entities shall adopt a risk based approach, duly approved by their Board, in deciding the number of such instruments which can be issued to a customer, transaction limits, etc.
The gift instruments may be revalidated (including through issuance of new instrument) as per the Board approved policy of the issuer.
The provisions of paragraph 13 on validity and redemption, as applicable, shall be adhered to.
The features of such PPIs shall be clearly communicated to the PPI holder by SMS / e-mail / post or by any other means at the time of issuance of the PPI / before the first loading of funds.

Missing
Analyst
77
19851
172

What will they do with the open orders? I ordered today. My order has more than one card and value is more than 10k

Missing
Deal Cadet
55
433
7
peekaydeals wrote:

So they should stop selling cards anything above 10K ?

They have stopped selling cardw above 10k value…. No cards available in amazon, shopclues has cards of value equal to or less than 10k

Missing
Deal Cadet
102
272
8

may be someone from mobikwik joined RBI or GOI https://cdn1.desidime.com/assets/textile-editor/icon_smile.gif

Missing
Deal Lieutenant
515
6440
54
GoogleCA wrote:

What will they do with the open orders? I ordered today. My order has more than one card and value is more than 10k

i also have 1 open order and received one today. sent activation request just now .lets see

Missing
Deal Cadet
112
668
7
Expand
companion wrote:

i also have 1 open order and received one today. sent activation request just now .lets see

Whats the Value of Card in this order ?/
Is it >10k ??

Missing
Tech Guru
181
1847
100

Surgical strike on wallets 8th November is coming
Moti dog at it’s best

Missing
Tech Guru
181
1847
100

10k card coming tomorrow will refuse the delivery

Missing
Deal Lieutenant
515
6440
54
Expand
sifar wrote:

Whats the Value of Card in this order ?/
Is it >10k ??

3k*3 recieved today…. 2k*6 open order

Missing
Deal Cadet
104
984
6

Hello
#CREDITCARDUSERS &
#PREPAIDCARDS buyers

Missing
Deal Cadet
56
306
5
drupal wrote:

Surgical strike on wallets 8th November is coming
Moti dog at it’s best

Bhai mann krta h Pakistan chala hi jaun

Missing
Deal Lieutenant
167
3550
46
Expand
SuperNatural wrote:

Bhai mann krta h Pakistan chala hi jaun

https://cdn3.desidime.com/assets/textile-editor/icon_lol.gif https://cdn3.desidime.com/assets/textile-editor/icon_lol.gif

Situation is still better in India.
Kabhi ghum ke aao https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif https://cdn3.desidime.com/assets/textile-editor/icon_lol.gif

Missing
Deal Subedar
636
2306
28
Expand
companion wrote:

3k*3 recieved today…. 2k*6 open order

Bro, y u guys ordered cards without discount? Or shipping also not free?

@GoogleCA @drupal

Missing
Deal Cadet
55
433
7
Expand
jsmart wrote:

Bro, y u guys ordered cards without discount? Or shipping also not free?

@GoogleCA @drupal

The cards were ordered to complete diwali targets https://cdn2.desidime.com/assets/textile-editor/icon_wink.gif

Missing