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Paytm Payments Bank: Know what services would available and not for users after March 15

Mar 12, 2024, 01:43AM ISTSource: TOI.in

The Reserve Bank of India (RBI) imposed restrictions on Paytm Payments Bank, with a deadline set for March 15. Paytm Payments Bank has been advised to halt new deposits and arrange alternative services for its customers. After March 15, Paytm Payments Bank users can withdraw their existing balance from their account or wallet. Users can receive refunds, cashback, and sweep-ins from partner banks, as well as interests from their Paytm Payments Bank account. What a user would not be able to avail is-accounts, Fastag, or wallet top-ups will not be accessible. Users cannot receive money from other users into their Paytm Bank account. Salary or other direct benefit transfers will also not be possible.