No. One cannot become a customer if he doesn’t have any of the basic identity and address proofs.
1MONEY™ Intends to introduce “SMALL CUSTOMER” by clicking a bright selfie of yours in good day light condition with
white or blue background and selecting “SMALL CUSTOMER” tab in the registration page.
As a “SMALL CUSTOMER” you have limitations such as depositions not exceeding 2,000/- rupees (Two thousand only) and
total credits not exceeding rupees 5,000/- rupees Five thousand only. Since this is a cashless and paperless Platform,
there won’t be any withdrawals. One can only transfers are allowed within the Platform.
YES. 1MONEY™ allows and exercises PAN card and AADHAAR card as primary and Standard KYC DOCUMENT and other set of proofs as
secondary KYC Documents to become a valued customer of 1MONEY™. Based on the demand, necessary steps will be taken to
consider and accept other forms of proofs to become customer.
Without valid KYC the customer is limited to transact upto 50,000/- rupees fifty
thousand only and total credits not exceeding rupees 1,00,000/- rupees one lakh
only. With Aadhar& PAN as KYC a person can transact without expenditure limitation.
A person with PAN can avail Maximum transactions and benefits with no applicable
limits under a complete cashless platform.
1MONEY™ requires your proof of identity and address as a part of KYC
[know your customer] requirements to know and serve the best of financial services
to the customers and comply with standard kyc guidelines as mandated by regulatory bodies
Surely you can. In the address tab you can manually enter your present address in Delhi for
communication purpose and verify your aadhaar card or pan card online. Efforts to integrate online Aadhaar
and PAN modification is in progress and real time integration to ease customers user experience will be updated shortly.
After successful registration one should enter his present credentials of his
utilities such as RR number or meter number or corporation number to get regular
bills or updates in digital form or by sms. Every month his or her utility bill
comes in the way of sms for which he can pay by replying to the sms in the
Its simple. One can log into his database and edit his credentials in the setting
sections and can update his new utility number which immediately gets updated into
the utility centre database. A sms will be sent to you as a confirmation of changed
credentials for confirmation.
As a customer of 1MONEY™ one can make all his cash based transactions using his
Aadhaar card or PAN card or his smart phone without cash. Payment services in smart
phone is allowed by QR code scanning. For card based transactions one can give his
Aadhaar or PAN card in any mercantile establishments for payment of his bills or any
other cash based transactions. As a proof of your authenticity the merchant will
verify your id and will click a pic as a proof of your physical presence at the time
As a receipt of payment, a sms is generated immediately after a payment is made
which is a digitally stored into your database with the details of your purchase and
tax applied for the purchase. This can be anytime accessed by logging into your
One can load in deposits from any available credit or debit card of any bank. RTGS &
NEFT and wire/net transfer with standard applicable charges by various banks are
also few means of depositing into 1MONEY™. Widely available Government centres and
selected business centres can also be used for depositing money into 1MONEY™. One
can even deposit using agents/Automated teller machines of 1MONEY™. One can even
link salary or credits to 1MONEY™ directly.
It’s very simple. To open any desired deposits, you need successfully register to
1MONEY™ in the web or application mode. One can select savings deposit by using
Aadhaar card issued by UIDAI as id & address proof which also becomes your ID number
for all the further operation in 1MONEY™.
One must and should select M/s and enter his details as mentioned in PAN card of the
entity to open a current Deposit. A person already owning a savings deposit may also
open a current deposit by logging into his database and selecting add A/c as Current
deposits. In this case one’s saving id will be his Aadhaar number and Currents id
will be the PAN number of the entity.