How do I submit KYC to Instamojo?

First, log in to your dashboard. You will see a notification bar on the top of your dashboard that asks you to submit KYC to remove transaction limits. Click on the notification. Once you view the steps, start filling in the options. Choose what kind of business you own.

instamojo.com - How to update KYC Documents On Instamojo in 2021

Which company pays recruiters the most?

Which company pays recruiters the most? Google typically pays recruiters the most as recruiters earn an average salary of $159,290, per year. They...

Last updated Mar 2, 2020

Why is kelvin 273?

Each division in the kelvin scale called a kelvin (K) is equal to a degree on the Celsius scale, but the difference is where zero is. In the...

Last updated Jun 16, 2021

Promotion

(Last Updated On: May 5, 2021)

Uploading your KYC documents might seem like a tough task, but it is actually easy, and quite necessary for your business. Luckily, we have made the process easier for you. In this article, we will guide you through the entire process of submitting/resubmitting your KYC documents.

What is KYC and why you need it?

Know Your Customer (KYC) is a verification process introduced by RBI and controlled by banks to prevent financial fraud from taking place for customers/businesses. By uploading KYC details, helps banks get to know their customers better and help manage risks and protect them from financial crimes like money laundering, identity theft, and terrorist financing. We need your KYC documents to verify your business and bank accounts to prevent fraud and mitigate risk. With Instamojo, you can unlock quite a few benefits by updating your KYC details. Some of these include: Easily collect over Rs. 10,000 a month as your account limits get removed. Unlimited access to mojoXpress, Instamojo’s premier shipping service. Use the Faster payouts feature to enjoy Instant payouts, Next Day Payouts or Same Days Payouts.

Besides this, KYC updates help to:

Identify, locate, and authorize the customer Comply with RBI’s Prevention of Money Laundering Act Fulfill the bank’s internal risk management Monitor transactions for regulatory and tax purposes

How to update KYC on Instamojo:

Instamojo requests you to update KYC documents to verify the identity of clients and additionally examining the probabilities of any illegal wrongdoings. Let’s see how you can submit/resubmit KYC details on the website:

First, log in to your dashboard.

You will see a notification bar on the top of your dashboard that asks you to submit KYC to remove transaction limits. Click on the notification. Once you view the steps, start filling in the options. Choose what kind of business you own. After that, enter your business sub-category. Fill in the other details such as approximate annual turnover, date of start of business, number of employees and a website (if you have one) In case you do not have a website, click the NO option and describe your business. Enter your product and service details – approximately how many products you think you will sell. Enter your PAN details. Be careful with this step, as you cannot reverse your action. Upload a scanned copy of your PAN details. Enter your Bank account details – this is where all your Instamojo payouts will be redirected to. Verify your bank details with a scanned bank statement. Enter your password on the KYC submission page itself. Once you complete these steps, our KYC team will get back to you in the next two business days.

However, what do you do in case the KYC documents get rejected?

Fret not, you can resubmit your documents!

Why could it be rejected?

Usually, your KYC documents could get rejected due to the following reasons:

Mismatch in your bank account number

Invalid passwords

Blurred scanned documents

Login to your dashboard and you will see a notification bar on top that allows you to check what led to the rejection of your KYC. For example: If your account number was not in the bank document, you just need to pay attention to the instructions provided below. Carefully scan your required copies again and resubmit them. The KYC team will never to you in 2 business days. It’s pretty simple, and of course, if you ever need more help, we have a video tutorial guide to help you out.

Update all new KYC documents here

What is difference between 7Ps and 4Ps?

As mentioned above, the 4Ps include Place, Price, Product and Promotion. The 7Ps model, on the other hand, is a combination of the 4Ps with 3...

Last updated Feb 26, 2019

What are the 4 qualities of followers?

The Qualities of Followers They manage themselves well. They are committed to the organization and to a purpose, principle, or person outside...

Last updated Aug 22, 2021

Promotion

Who has the most online followers?

As of 20 December 2022 the most-followed person is Portuguese footballer Cristiano Ronaldo with over 519 million followers, and the most-followed woman is American reality television personality Kylie Jenner with over 375 million followers.

en.wikipedia.org - List of most-followed Instagram accounts - Wikipedia

This article is a list of the top 50 accounts with most followers on the photo and video-sharing social platform Instagram.[1][2][3] As of 21 December 2022 the most-followed person is Portuguese footballer Cristiano Ronaldo with over 520 million followers, and the most-followed woman is American reality television personality Kylie Jenner with over 375 million followers. Instagram's own brand account on the platform is the most-followed account overall, with over 580 million followers. Nike is the second most-followed brand account, with over 257 million followers. A total of 35 accounts have exceeded 100 million followers on the platform, with 19 of those having exceeded 200 million followers, 8 of those having exceeded 300 million, 3 exceeding 400 million and 2 exceeding 500 million.