How To Create FreeCharge UPI Id?
In Today’s Article, We Talk About the Topic How To Create Free Charge UPI Id? Freechage Is A Recharge And Money Transfering App Usinng This App You Can MAke Recharge Bill Payments And Many More SO TO Know How To Create FreeCharge UPI Id? Please Read This Article Carefully.
What is Freecharge?
FreeCharge is an Indian digital marketplace for financial services based in Gurugram, Haryana, India.
FreeCharge services are available in a range of financial instruments including savings, payments, insurance, investments, and lending.
The company’s focus is to create an ecosystem of innovative products and features that enable cashless transactions.
Freecharge consumers can pay utility bills (electricity, gas), landline bills or pay mobile, broadband, DTH, and metro cards.
Moreover, FreeCharge powered by Axis Bank enables users to invest in Mutual Funds and get easy credit through FreeCharge EMIs.
FreeCharge UPI and Payment Gateway allow consumers to send or receive money instantly.
Freecharge helps you to get cashback and discounts by visiting offline and online merchants across the categories of movies, entertainment, food, shopping, travel.
On 8 April 2015, Snapdeal took over FreeCharge to assume the second-largest ever position in the Indian e-commerce space.
The deal was worth approximately US$400 million in cash and stock. On 27 July 2017, Axis Bank acquired FreeCharge for $60 million.
Let us now know how to create a UPI ID on Freecharge. And how do you do UPI transactions?
How to Create Freecharge UPI ID?
Step by step information is given here to create Freecharge UPI ID. By following which you can create Freecharge UPI ID.
#1. First of all, install Freecharge App on your phone.
#2. You have to create an account here with your mobile number. I would advise to give the mobile number only with which your bank account is linked.
#3. After this click on the profile icon from where the Settings menu will open. And after that you have to click on “Bhim UPI Setting”.
#4. Here you have to add your bank account by going to UPI Linked Bank Accounts, which is verified through OTP.
#5. After adding a bank account, your Freecharge UPI ID is automatically generated.
You need to get Freecharge KYC done in the Freecharge wallet or to increase your transaction limit.
Here I am giving you complete information related to KYC of Freecharge.
What is Freecharge KYC? (How To Create Free Charge UPI Id?)
As per RBI guidelines, two types of wallets can be issued and both have different limits.
There are two types of wallets Minimum KYC Wallet and Full KYC Wallet. Your current wallet is a Minimum KYC Wallet.
In Minimum KYC, you submit the identification number of selected documents. In full KYC, you need to submit a proof of identity and a copy of the proof of address along with in-person verification.
As per RBI guidelines, the wallet service offered with minimum KYC is valid for 18 months only.
As per RBI’s PPI guidelines, the minimum KYC wallet is valid for 24 months from the date of issue.
If you had signed up on Freecharge before 1st March 2018, the validity of your Freecharge wallet will expire on 31st August 2019.
Otherwise, your wallet will be valid for 18 months from the date of submission of minimum KYC details. (You can check the expiry date on the app).
After expiration, you will no longer be able to load money into your FreeCharge Wallet. To continue using FreeCharge Wallet, you need to complete KYC and convert it to Full KYC Wallet.
However, this will not affect your FreeCharge account. You can continue to use other payment options like UPI, Debit or Credit cards and NetBanking, etc at FreeCharge and merchants that accept FreeCharge.
I want to use FreeCharge Wallet. How can I complete KYC?
FreeCharge is providing full KYC in two ways:
Some users who are full KYC at Axis Bank will have the option to mark them as full KYC by simply entering their PAN card details and validating it with an OTP.
Others will have to generate a reference number on their FreeCharge mobile app and visit the nearest Axis Bank branch with all the required documents to complete the full KYC.
Freecharge Offers, Coupons, Promo Codes
You get many types of Offers, Coupons, Promo Codes on Freecharge. Whenever you make a bill payment or payment through Freecharge Wallet, you get these in the form of cashback or coupon.
Click here to know about the best offers and deals. https://www.freecharge.in/mobile/offers All kinds of offers are available here.
Who is the founder of freecharge?
The founders of FreeCharge are Sandeep Tandon and Kunal Sah.
How to Contact Freecharge Customer Care
You can contact through Freecharge Toll-Free Number 1800-572-7133 and Email: [email protected].
How to get Axis Bank Freecharge Credit Card?
Axis Bank FreeCharge Credit Card is an invitation-only model, in which the customer, if eligible, will be able to see the banner on his FreeCharge mobile app.