What are the two types of Oxigen Wallet?

Oxigen Wallet is primarily of two types: Oxigen 10000 Wallet and Oxigen 50000 Wallet.

Oxigen 10000 Wallet

Features of 10000 Wallet are as follows:
a) No KYC documents are required to open this type of wallet
b) You need to provide only name and date of birth to open a 10000 wallet
c) Wallet limit is up to Rs. 10000 at any given point of time
d) You can upgrade it to 50000 wallet by providing your KYC documents

The limits of 10000 wallet are as follows:
Sr.
No.
Particulars Limits
1. Maximum Balance Limit Rs. 10,000
2. Money Transfer Limits
Single Transaction Limit Rs. 5,000
Daily Transaction Limit Rs. 10,000
Monthly Transaction Limit Rs. 20,000
3. Transaction Limits
Single Transaction Limit Rs. 10,000
Daily Transaction Limit Rs. 15,000
Monthly Transaction Limit Rs. 20,000

Oxigen 50000 Wallet

Features of 50000 Wallet are as follows:
a) It is a full KYC wallet
b) ID proof and address proof required to open a 50000 wallet
c) Wallet limit is up to Rs. 50000 at any given point of time

The limits of 50000 wallet are as follows:
Sr.
No.
Particulars Limits
1. Maximum Balance Limit Rs. 50,000
2. Money Transfer Limits
Single Transaction Limit Rs. 5,000
Daily Transaction Limit Rs. 25,000
Monthly Transaction Limit Rs. 25,000
3. Transaction Limits
Single Transaction Limit Rs. 50,000
Daily Transaction Limit Rs. 25,000
Monthly Transaction Limit Rs. 50,000


The process of Oxigen 50000 Wallet creation is very simple

a) Enter your details on our website
b) You will receive your Wallet ID details along with your Oxigen wallet password through
an sms sent to your registered mobile number
c) Oxigen 50000 Wallet will have limit of Rs.10000 till your submitted KYC documents are
accepted.
d) There is a mandatory requirement as per regulatory guidelines for any user of the Oxigen 50000
Wallet to submit their personal Identification documents or "Know your Customer" (KYC)
documents to be able to use this type of Wallet.

Any one of the following documents can be submitted for both ID and Address Proof:

a) Passport
b) Voter's ID Card
c) Driver's license (Learner's license is not acceptable)
d) Ration card which has a photograph of the applicant
Alternatively

Any one of the following documents can be submitted for ID Proof:

a) PAN Card
b) PSU/Government Department/Defense ID Cards
c) Photo Credit Card (not expired and must be primary cardholder)

Along With

Any one of the following documents can be submitted for Address Proof:

a) Bank Statement or Credit Card, or a statement issued by any Financial Institution or intermediary
under the scope of Prevention of Money Laundering Act provided the account is live and the
statement is not more than 3 month old
b) PAN intimation letter
c) Municipal tax/Water bill less than 1 year old
d) Income tax/Wealth tax assessment order
e) Copy of any Utility bill eg: Electricity bill/Telephone bill/Mobile Telephone bill showing
residential address(not more than 3 months old)
f) Any document or communication issued by any authority of Central Government, State
Government or local bodies showing residential address.
g) Registered Lease Deed
h) Letter issued by an employer(reputed MNCs, Large Corporate, Government Institutions as per
pre-approved list)