Question

You can load up to Rs 10,000 into Amazon Pay balance account without completing KYC. TRUE FALSE

Answer 1

You can load up to Rs 10,000 into Amazon Pay balance account without completing KYC.  - True.

Explanation:

1. You can load up to Rs. 10,000 into your Amazon Pay balance account every month with an upper limit of Rs. 1 Lakh per year without completing the KYC.
2. Once your KYC is completed and your Amazon Pay account is approved, then you can transact up to Rs. 1 Lakh per month capped at Rs. 10 Lakhs per year.
3. You can find all rules and regulations regarding your Amazon Pay account in this link.
4. https://www.amazon.in/gp/help/customer/display.html?nodeId=202135170

Answer 2

You can load up to Rs 10,000 into Amazon Pay balance account without completing KYC is TRUE.

Extra Information:

Amazon.com Incorporation =>

1. It is an American multinational conglomerate technology company.

2. Founder of Amazon => Jeff Bezos

3. Company is situated in Seattle, US.

4. Main focuses of the company are e-commerce, cloud computing, digital streaming, and artificial intelligence.

5. In the year 1994, Jeff Bezos found this company in Bellevue, Washington.

6. Amazon has made it easy for people who want to do business on Amazon and sell products on Amazon by providing them opportunities and great benefits.

7. Things changing after KYC completion or not completion :-

(A) KYC not completed => Person can load up to Rs. 10,000 into Amazon Pay balance account every month and having maximum limit of Rs. 1 Lakh per year.

(B) KYC completed => Person can do transactions of up to Rs. 1 Lakh per month which is having maximum limit at Rs. 10 Lakhs per year and our Amazon Pay Account gets approved too.