Conversion of existing QuikWallet Users

• No Credit/Loading allowed till minimum details obtained.
• One time option to transfer balance to bank without charges and to close account.
• Wallets having balance more than 10K- One time option to transfer amount to bank without charges

PPI Upto-10K

• Minimum Details without repetition:
• OTP Verified Mobile Number
• Self Declaration of Name
• UIN of officially valid document
• Loading should not exceed 10K P.M. & 1 Lakh P.A.
• Outstanding should not Exceed 10K
• Only Loading/ Reloading and payment is allowed. Wallet to Wallet and Wallet to Bank is not Allowed
• Validity 12 month after that conversion in full KYC if no KYC done then no Loading & Credit Allowed
• Option to close account and the outstanding should go back to source.

PPI Upto- 1 Lakh

• Outstanding should not exceed 1 lakh
• Pre Designated Bank account Details of own account where the outstanding balance will be transferred while closing account in future
• P To B: Transfer Limit 1 Lakh & Pre registered beneficiary & Limit of transfer
• P To P: Transfer Limit 10K P.M.

Other Features of Wallet includes

• Same login in other device then previous device logout option.
• After 5 attempt of login timeout feature
• Cooling period after opening & loading wallet of 24 hours
• SMS Alert of Successful transaction done with debit /Credit amount and available balance
• Timely SMS alert to educate customers for not sharing password, Passcode & OTP
• Account statement generation in app for at least last 6 months having Date-Debit/Credit- Net balance
• Transaction history of Past 10 transaction

Validity and Redemption

• One year from last Loading/Reloading
• 45 Days before expiry caution SMS to be sent in regular Intervals

Feedback/Contact:

Write to us at support@livquik.com