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titleWhat is the maximum balance allowed for various accounts?

Depending on the KYC state of the account holder, limits are defined as per RBI Guidelines:

Rules and PPI limitsMinimum KYCAadhaar OTP KYCAadhaar Biometric and Paper KYC
Maximum balance₹10,000₹100,000₹100,000
Expiry1 year1 yearNot Applicable
Add moneyYesYesYes
Bank transferNoYesYes
Send money
(peer to peer)
NoYesYes
Receive money
(peer to peer)
YesYesYes
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titleWhat is the maximum balance allowed across accounts?

Maximum balance allowed across accounts for,

  • Min KYC Users: Rs. 10000 10,000 across accounts
  • Aadhaar OTP KYC user: Rs. 1 lakh max balance ,00,000 across accounts
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titleCan a user create more than one account across different VBOs using the same phone number & OVD (Officially Valid Document)?

Yes. However, in case of different phone number or OVD number, there are 2 use-cases to consider below:

Use-Case 1: Let’s say, a user uses the same phone number but 2 different OVD numbers to create 2 accounts in 2 different VBOs. In such a case the entry for that particular Account Holder will be expanded in the system by adding both the provided OVD numbers.

Use-Case 2: Let’s say, a user uses the same OVD number but 2 different phone numbers to try to create accounts in 2 different VBOs. In such a case, since suspicion over the genuinity of the user arises, an error message will be sent out to the user asking to use a different phone number (Third phone number). If the user does not provide a different phone number, then an offline process involving the ops team checking the phone and OVD numbers will take place.

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Need Help?

Drop a mail at fusion-support@zeta.tech or call us on 080-6690 5995.