What Does An Inactive Wallet Mean?
As per Reserve Bank of India (RBI) rules, a prepaid instrument, for example, an e-wallet (portable wallet) is considered dormant if there are no exchanges for a year. The e-wallet organization can send notices in the event that you are idle.
On the off chance that you add cash to your e-wallet or burn through broadly utilizing the application, you need not concern. At the point when your wallet is stamped idle, you need to reactivate it to begin executing once more.
The amount Will Mobikwik Deduct As Wallet Maintenance Charges?
As per the terms and conditions given on the site, MobiKwik will charge latent e-wallets customers Rs 100 to Rs 140 as wallet upkeep charges. This will be a yearly charge. In the event that the purchaser neglects to receptive the e-wallet following a seven-day notice period, at that point the organization will deduct the appropriate charges straightforwardly from existing equilibrium in the wallet.
Assume your MobiKwik wallet has Rs 50 as an equilibrium, the organization will actually want to deduct just that amount sum regardless of whether you are responsible to pay Rs 100 as wallet upkeep charges. Be that as it may, assuming your wallet has Rs 200 in the wallet, Rs 100 will be deducted towards wallet support charges. "Latent clients with zero equilibrium wallets won't be imposed wallet upkeep charges," says Taku. The wallet equilibrium won't be negative.
Will I Get My Money Back After I Activate My E-Wallet Account?
Indeed, the sum deducted by MobiKwik will be discounted on the off chance that you utilize the wallet for any exchange inside 40 days of derivation of the support charge.
How Do I Reactivate My Inactive Wallet?
On the off chance that your Freecharge e-wallet is idle, you need to do confirmation through the application utilizing your perpetual record number (PAN) and enrolled portable number connected with the wallet. In the event that you wish to reactivate your MobiKwik e-wallet, you should contact the client mind and conform to appropriate approval standards as recommended.
What Are The Steps To Close Inactive Wallets?
On the off chance that you don't utilize e-wallets, it is essential to close them by adhering to a standard interaction. Simply uninstalling an application from the portable handset doesn't close the e-wallet account. The method to close dormant wallets shifts across organizations. For example, on the off chance that you have an inert e-wallet from Freecharge, to close the e-wallet you should raise a solicitation through an email or by calling the client support. They will do an approval while shutting the e-wallet.