Paytm: The Reserve Bank of India took a strict action against Paytm Payments Bank Limited last Wednesday i.e. 31 January. RBI has banned the services of Paytm Payments Bank Limited under Section 35A of the Banking Regulation Act 1949. Paytm has been accused of irregularities in banking regulation, due to which RBI has taken such a big action. RBI took strict action After this action of RBI, users will not be able to use many facilities like Paytm Wallet, Deposit, Credit, Transaction, Top-up, Fastag Payment, NCMC Cards, UPI, and Fund…
Read MoreTag: AmazonPay
RBI bans Paytm services, know which apps to use for payment now
Paytm Payment Banks: The Reserve Bank of India (RBI) on Wednesday announced a ban on Paytm Payments Bank Limited (PPBL) from February 29, 2024. This means that from February 29, 2024, Paytm Payments Bank Limited will be barred from onboarding new customers, accepting deposits and top-ups to any customer accounts, wallets and FASTags. However, the Reserve Bank of India issued a notification on its website saying that some services of Paytm will be allowed such as the balance remaining in the wallet will be transferred to the customer’s savings account.…
Read More