RBI orders halt on Paytm Payments bank transactions: How will customers be affected?

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10 months ago

RBI orders Paytm Payments Bank to halt deposits and credit transactions post-Feb 29, 2024, citing persistent non-compliance and supervisory concerns. Customers face restrictions on deposits, credit transactions, and top-ups, while certain services, including fund transfers and UPI facilities, will be discontinued. This follows earlier directives in March 2022, freezing new customer onboarding.

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Economic Times

Topics:

paytm

rbi

bank

india

deposits

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