Quote from: pakhitheboss on Today at 10:02:12 AM

Quote from: erikalui on February 19, 2024, 06:24:59 PM

Quote from: Bitcoin Smith on February 19, 2024, 06:19:50 PM

Quote from: erikalui on February 19, 2024, 05:38:07 PM

I need an alternative to the bank that can be created via KYC with no minimum balance and easy to pay, load and withdraw anytime. Else, UPI apps are many.

People say mobikwik is good but I always get an error completing KYC.

As I said UPI lite is an option but if you need higher limits then you can try Amazon Pay that I have been using for very long time but only for making online purchases not UPI payments but whenever I tried it worked fine but it has its limitations since its considered as bank not wallet you can add upto 10K per month.

If you need higher limits then banks are the only choice, IDFC, Kotak and many private banks offering instant account opening after submission of KYC but the minimum balance you need to maintain will be 10K.

UPI lite is good but the limit makes it not so useful. Amazon Pay doesn't work with many merchants as the ones near me use gpay or bhim. The banks require me to open a savings account after a year using their digital savings account.

I hope an alternative is found soon else will need to switch back to debit cards Sad

If you have a Jio connection then you can go for their payment bank and UPI service. I have used it in the past for only UPI payment it worked fine at that time not sure how it is working now. I prefer to use my Kotak 300 bank account UPI for my small expenses and like you, I also do not prefer using my main savings account for any transactions. You could either look into Jio or try this account by Kotak it allows zero balance saving accounts the only issue with it is that availing Debit card on that bank account is not free.

I have jio connection and will try it out. I just closed my kotak account so don't want to try their zero balance one.