Quick Ride offers RBI-regulated Min-KYC PPI Wallets with simplified documentation and lower transaction limits compared to Full-KYC wallets.
You can add funds via:
📌 Note: For Full-KYC wallets, additional documentation (Aadhaar, PAN, etc.) and verification are required.
The user must complete the Know Your Customer (KYC) requirements as per RBI guidelines:
By registering for and using the PPI Wallet/Card, you hereby declare and confirm that:
The name and personal details provided by you at the time of registration are true, correct, and complete to the best of your knowledge.
You are the lawful holder of the identity document(s) submitted, and such details represent your unique identity as recognized under applicable laws.
You agree that any false, misleading, or misrepresented information may result in suspension/termination of your PPI account and may attract action as per applicable laws.
You undertake to promptly update us in case of any change in your name or identity details.
By accepting these Terms and Conditions, you provide your explicit consent to this self-declaration and authorize us to rely on the information provided by you for the purpose of issuance and usage of the PPI Wallet/Card.
The PPI Wallet can be loaded using bank transfers, credit/debit cards, UPI, and other permitted methods.
The PPI Wallet can be used for purchases, bill payments, and money transfers as per regulatory limits.
Fund transfers from Full-KYC PPIs to other wallets or bank accounts are permitted as per RBI limits:
Full-KYC PPIs are interoperable, allowing transactions across multiple payment networks.
Small PPI has a validity of 2 years, and Full PPI has a validity of 3 years.
The PPI will expire once the validity period is over.
Both Small PPI and Full PPI will expire if there is no activity for a period of 1 year.
Users will receive a notification 45 days before the expiry of the PPI balance.
Post Expiry, the balance is not accessible.
Users agree to pay applicable fees, including transaction fees, loading charges, and withdrawal fees, as disclosed by the Issuer.
Fees may be revised, and Users will be informed in advance.
Users must ensure that their PPI Wallet credentials remain confidential.
Any unauthorized use or suspicious transactions must be reported immediately.
Users must update personal details if there are any changes.
Users can raise complaints via customer support channels provided by the Issuer.
Complaints will be addressed within the prescribed turnaround time.
If unresolved, Users can escalate to the RBI Ombudsman.
The Issuer reserves the right to suspend or terminate the PPI Wallet if:
The Issuer may amend these T&C from time to time in compliance with RBI regulations.
Users will be notified of any changes, and continued usage implies acceptance.
These T&C are governed by Indian laws. Any disputes shall be subject to the jurisdiction of Bengaluru courts.
Feature | Min-KYC | Full-KYC |
---|---|---|
Type of PPI | Reloadable | Reloadable |
Number of PPI to be issued to one Customer (Active) | 1 | 1 |
Maximum Allowed Balance | 10,000 | 2,00,000 |
Maximum Transaction Count Per Day | 12 | 12 |
Maximum Transaction Amount Per Day | 10,000 | 20,000 |
Maximum Transaction Count Per Month | 100 | 200 |
Maximum Transaction Amount Per Month | 20,000 | 1,00,000 |
Maximum Transaction Count Per Year | 1000 | 1,000 |
Maximum Transaction Amount Per Year | 1,20,000 | 3,00,000 |
Maximum Debit Transaction Count Per Day | 6 | 10 |
Maximum Debit Transaction Amount Per Day | 10,000 | 25,000 |
Maximum Debit Transaction Count Per Month | 100 | 200 |
Maximum Debit Transaction Amount Per Month | 10,000 | 1,00,000 |
Maximum Debit Transaction Count Per Year | 500 | 1,000 |
Maximum Debit Transaction Amount Per Year | 1,20,000 | 3,00,000 |
Maximum Credit Transaction Count Per Day | 12 | 12 |
Maximum Credit Transaction Amount Per Day | 10,000 | 25,000 |
Maximum Credit Transaction Count Per Month | 100 | 150 |
Maximum Credit Transaction Amount Per Month | 10,000 | 1,00,000 |
Maximum Credit Transaction Count Per Year | 500 | 1000 |
Maximum Credit Transaction Amount Per Year | 1,20,000 | 3,00,000 |
Maximum Amount Loaded Per Day | 10,000 | 20,000 |
Maximum Amount Loaded Per Month | 30,000 | 1,00,000 |
Maximum Amount Loaded Per Year | 1,20,000 | 3,00,000 |
Maximum Beneficiaries Added Per Day | 0 | 1 |
Cooling off Period post adding beneficiary | NA | 30 mins |
Cash Withdrawal Count Limit Per Day | Not Permissible | 1 |
Cash Withdrawal Amount Limit Per Day | Not Permissible | 10,000 |
Cash Withdrawal Count Limit Per Month | Not Permissible | 5 |
Cash Withdrawal Amount Limit Per Month | Not Permissible | 50,000 |
Virtual Card Activation | Permitted | Permitted |
Physical Card Activation | Not Permissible | Permitted |
Number of Card Transactions Per Day | 2 | 5 |
Inactivation of Card | 1 yr | 1 yr |
Wallet Validity | Max 2 Years | Max 3 Years |
Quick Ride PPI Wallet is a secure, in-app payment option designed to make your rides faster and more convenient. It allows you to pay instantly, track your spending, and enjoy hassle-free refunds – all in one place.
Quick Ride offers RBI-regulated wallets:
You can add money using:
No. Withdrawals and transfers are only allowed after upgrading to a Full-KYC wallet.
No further credits will be allowed, but you can continue to use the existing balance.
Yes. You can request closure and transfer the balance to the original funding source. Alternatively, convert to Full-KYC and transfer to your bank account.
Yes. Fund transfers are allowed up to ₹1,00,000 per month per user.
Within the Quick Ride app, you can close your wallet and transfer the balance to your bank account.
It's a physical card linked to your Quick Ride Wallet, issued in partnership with Maximus Infowares (India) Pvt. Ltd. for wider offline and online usage.
This is your unique card number required for online payments. Never share this number.
Only the cardholder (as per the name printed) is authorized to use the card.
Anywhere in India that accepts RuPay cards – look for the RuPay logo at merchant outlets.
You can immediately call our Customer Support Helpline at 080 4568 6686 to report your concern. You may also write to us at support@quickride.in
For detailed steps, please refer to our
Customer Support and Grievance Redressal Policy.
Note: POS/eCommerce transaction charges apply as per NPCI & RBI guidelines. All charges are exclusive of applicable taxes and subject to change.