How to do KYC in PhonePe? - GeeksforGeeks (2024)

How to Update KYC for EPF UAN ?

Keeping your KYC (Know Your Customer) details updated for your Employee Provident Fund (EPF) Universal Account Number (UAN) is crucial. Here's a guide to help you through the process: What is KYC and why is it Important?KYC is a process that helps financial institutions verify the identity and address of their customers. It helps prevent fraud and

How to Complete Amazon Pay KYC?

KYC stands for "Know Your Customer" and is a mandatory process for verifying your identity. For Amazon Pay, a prepaid instrument regulated by the RBI (Reserve Bank of India), completing KYC unlocks several benefits: Increased Wallet Limits: After KYC, your wallet limit goes up to ₹1 Lakh, and you can add up to ₹50,000 per month.No Spending Limits:

PhonePe's Indus Appstore: A Game-Changer in India’s Digital Journey

In a significant move that promises to revolutionize India’s digital landscape, PhonePe has launched its Indus Appstore. This innovative platform is set to be a game-changer in India’s digital journey, offering a more competitive and localized mobile app store economy. What is the Indus Appstore? The Indus Appstore, launched by PhonePe, is an Andro

How to Transfer Money from PhonePe Wallet to Bank Account?

PhonePe, a popular Indian digital payments platform, offers a convenient way to store and manage money. But what if you want to transfer funds from your PhonePe wallet to your bank account? Don't worry, the process is straightforward! This article will guide you through the steps and answer any questions you might have. Understanding PhonePe Wallet

How to Delete PhonePe History?

While maintaining a transaction history is helpful for tracking expenses, you might want to remove certain entries for privacy reasons. Unfortunately, due to RBI regulations, directly deleting your PhonePe transaction history isn't currently possible. Steps to Contact PhonePe SupportStep 1: Open the PhonePe app and log in to your account. Step 2: N

How Many Transactions Limit Per Day in PhonePe?

PhonePe is a popular digital payments platform in India, allowing users to make convenient transactions for various services. However, to ensure safety and comply with regulations, there are certain transaction limits in place. Phonepe Transaction Limit Per DayDaily Limit: The general daily transaction limit on PhonePe is ₹1 lakh.Transactions Per D

How to Delete Messages in PhonePe?

PhonePe is a popular Indian payment app that offers a chat feature for communicating with other PhonePe users. Unfortunately, there's a limitation that can cause your chats to pile up. The Bad News: You Can't Delete PhonePe Messages PhonePe does not currently provide the ability to delete individual messages or entire chat threads. Any messages you

How to Change UPI PIN in PhonePe?

Your UPI (Unified Payments Interface) PIN is an essential security measure for authorizing transactions within the PhonePe app. If you've forgotten your PIN or want to change it for better security, here's a quick and easy guide to do so. Ensure your mobile number is active to receive the OTP.Remember your new UPI PIN for future transactions.Never

How to Request Money on PhonePe?

PhonePe offers a convenient way to request money from your contacts if you need to split a bill, collect a debt, or receive payment. Important Things to Remember The person you're requesting money from must also have a PhonePe account.They will receive a notification and can approve or decline your request.While requesting money, do not enter your

How to Add Bank Account in PhonePe?

PhonePe is a popular Indian digital payments platform that simplifies online transactions. Linking your bank account to PhonePe allows you to make seamless payments, receive funds, and manage your finances with ease. If you're a new PhonePe user or want to add another bank account, this guide has you covered. Prerequisites for Adding a Bank Account

How to Add or Remove Credit Card in PhonePe?

PhonePe is a popular digital payments platform in India that allows users to make seamless transactions for a variety of purposes, such as bill payments, recharges, and online shopping. Linking your credit card to PhonePe offers added convenience and the potential for rewards or cashback. In this article, we'll guide you through the simple process

How to Send Money from PhonePe to Contact?

PhonePe is a popular digital payments platform in India that revolutionizes how we manage our money. With PhonePe, you can seamlessly send and receive money directly from your bank account. Sending money to friends, family, or businesses is fast, secure, and incredibly convenient. Understanding PhonePe Payment OptionsBefore you begin, it's useful t

Journal Entry Questions and Solutions

A journal is a book of original entries in which transactions are recorded, as and when they occur. The journal provides data-wise records of all the transactions and the amount of each transaction. Everyday transactions are recorded in a journal chronologically, giving a complete picture of the transaction in one entry. A journal recording is base

Accountancy

Accountancy is the process of measuring, processing and recording an organization’s financial and non-financial statements. It has a wider scope than Accounting as it is the route to the Accounting process. Accountancy is responsible for prescribing the accounting conventions, principles, and techniques to be followed by an organization during the

Journal Entries under GST (Goods and Services Tax)

The Goods and Services Tax or GST is a single, indirect tax that integrates all indirect taxes within the Indian economy. GST is a destination-based consumption tax as it is charged at every stage, wherever some value is added to the goods or services, and the supplier of the good or service offsets the charge on its inputs of the previous stages.

Components of Computer

A computer is an electronic device that accepts data, performs operations, displays results, and stores the data or results as needed. It is a combination of hardware and software resources that integrate and provide various functionalities to the user. Hardware is the physical components of a computer, such as a processor, memory devices, monitor,

CBSE Class 11 Microeconomics Notes

Microeconomics is the study of households', individuals', and firms' behaviour towards the allocation of resources and the decision-making process. In short, it deals with the choices made by people and the factors affecting their choices. GeeksforGeeks Class 11 Microeconomics Notes have been designed according to the CBSE Syllabus for Class 11. Th

Elements of Communication Process

The process of exchange of ideas, views, facts, feelings, etc., between two or more persons in order to reach a common understanding is known as Communication. "Communication is the sum of all things, a person does when he wants to create an understanding in the minds of another. It involves a systematic and continuous process of telling, listeni

Principles of Scientific Management

Scientific Management is a management technique that utilizes scientific methods to enhance workforce efficiency. It uses scientific methods that include systematic, objective, and logical principles and techniques to solve management problems. What is Scientific Management?The use of scientific principles and techniques in various managerial funct

Journal Entries

A Journal is a book in which all the transactions of a business are recorded for the first time. The process of recording transactions in the journal is called Journalising and recorded transactions are called Journal Entries. Every transaction affects two accounts, one is debited and the other one is credited. ‘Debit’ (Dr.) and ‘Credit’ (Cr,) are

Levels of Management - Top, Middle and Lower

The chain of superior-subordinate relationships is known as the Levels of Management. The three levels of management are Top Level Management, Middle-Level Management, and Operational Level Management. Management is a group activity, which means that every organization has a number of individuals placed at different positions and are provided with

Functions of Management - Planning, Organising, Staffing, Directing and Controlling

Management is the process of planning, organising, staffing, directing, and controlling the available resources effectively and efficiently for achieving the goals of the organisation. These interrelated elements of the management process are called functions of management. Functions of management are differentiated into two parts managerial functi

14 Principles of Management by Henri Fayol

Principles of Management are like a guidebook for leaders to run a company well. They help managers make plans, organize tasks, and motivate teams, and, they serve as frameworks for managers to deal with the difficulties of leading people and achieving goals within an organization. Principles of Management cover a diverse range of concepts and prac

Journal Entry for Discount Allowed and Received

A discount is a concession in the selling price of a product offered by a seller to its customers. According to nature, there are two types of discount: A. Discount Allowed B. Discount Received A. Discount Allowed: When at the time of sales or receiving cash, any concession is given to the customers, it is called discount allowed. Journal Entry: Ex

Journal Entry for Sales and Purchase of Goods

Goods are those items in which a business deals. In other words, goods are the commodities that are purchased and sold in a business on a daily basis. Goods are denoted as 'Purchases A/c' when goods are purchased and 'Sales A/c' when they are sold. Goods Account is classified into five different accounts for the purpose of passing journal entries:

Journal Entry for Loss of Insured Goods/Assets

Sometimes insured goods are lost by fire, theft, or any other reason. There can be three cases related to the loss of insured goods or assets. A. Claim does not get accepted by the Insurance Company: Journal Entry: Example: Goods lost by fire ₹50,000. Insurance co. does not accept the claim.Assets lost by fire ₹20,000. Insurance co. does not accept

Journal Entry for Bad Debts and Bad Debts Recovered

Bad Debts: When the goods are sold to customers on credit, there can be a situation where a few of them fail to pay the amount due to them because of insolvency or any other reason, and then the amount that remains unrecovered is called Bad Debts. Journal Entry: Example: Amount due from Gaurav ₹5,000 is irrecoverable as he became insolvent.Gaurav,

Journal Entry for Loan Taken

A business can take an amount of money as a loan from a bank or outsider. In return, the business has to pay interest. A. Loan is taken from a bank or person: Journal Entry: Example: ₹10,000 was taken as a loan from the bank. Solution: B. Interest charged by the bank or person and then paid: There can be a situation where the interest is charged fi

Journal Entry for Depreciation

Depreciation is the decrease in the value of assets due to use or normal wear and tear. Journal Entry: Example: Depreciation charged on machinery ₹5,000. Solution: Example: Machinery purchased for ₹20,000.Depreciation charged on machinery @10%. Solution:

Management : Meaning, Characteristics, Objectives, and Importance

What is Management?A universal concept that is needed in every organisation whether it is a business organisation or a non-business organisation such as hospital school, etc., is known as Management. An organisation's success depends on the successful functioning of its management and is always required whenever human and non-human resources of an