RBI Orders Paytm Payment Bank to Not Onboard New Customers & Deposits

in recent news, RBi has passed an order to restrict Paytm payment bank services. Paytm will stop onboarding new users from 29th February 2024. The letter from RBI includes multiple restrictions including deposits to Paytm wallets and payment bank accounts.

The Most important thing, you might wanna know is whether can you use the wallet balance of the Paytm account or the Paytm bank.

So the answer is Yes, You can utilize the Paytm Wallet/fastag/Bank account until there is a balance in your account.

You can read more about the Paytm Payment bank’s press release here.

rbi

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Sonu Gupta Is Founder of Bigtricks .in, Part-Time Blogger. He Likes Blogging and Coding. His Life is - Eat -- Code -- Sleep -- Repeat
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