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 MoreRBI bans Paytm services, know which apps to use for payment now
