Well, I went to a KYC verification spot and done everything he asked to ,gave Pan card and Voter ID. Now I am waiting for the limit extension and other features.
Day 1 : So KYC is not instant. I will Update you in 24 Hours what the status is.
Day 2 : KYC Pending Last Update. willl update in 24 Hours again.
Day 3 : KYC Completed :
Conclusion : So Paytm KYC takes around 48-72 hours to complete.