A bad news has come for Paytm. RBI has imposed many restrictions on Paytm Payments Bank. On January 31, the Reserve Bank of India (RBI) has banned Paytm Payments Bank from accepting new deposits and conducting credit transactions after February 29. RBI had stopped Paytm Payments Bank from adding new customers after March 11. The central bank said that a comprehensive system audit report and the compliance verification report of the subsequent compliance validation have revealed persistent non-compliance and persistent lack of information in the bank.
Users will be able to take advantage of these services
No deposit, credit transaction or top up other than any interest, cashback or refund will be allowed in any customer account, prepaid instrument, wallet, Fastag, NCMC card etc. after 29th February 2024.
The news is updating…
