Paytm Payments Bank deadline: Full list of services you can't use after March 15 - Hindustan Times
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Paytm Payments Bank deadline: Full list of services you can't use after March 15

Mar 13, 2024 07:31 AM IST

Paytm Payments Bank March 15 deadline: Here's a list of services that cannot be availed by customers as per RBI:

The Reserve Bank of India has stopped Paytm Payments Bank Ltd (PPBL) from accepting fresh deposits or top-ups from March 15, 2024. The central bank cited consistent non-compliance and material supervisory concerns in its decision but released a set of Frequently Asked Questions (FAQs) to provide Paytm customers with information on the restrictions that have been put by it on Paytm Payments. Here's a list of services that cannot be availed by customers as per RBI:

Paytm Payments Bank March 15 deadline: A QR code of Paytm is seen at a mobile repairing shop in Kolkata, India.(Reuters)
Paytm Payments Bank March 15 deadline: A QR code of Paytm is seen at a mobile repairing shop in Kolkata, India.(Reuters)

Read more: Paytm Payments Bank deadline: Services you can use after March 15

  1. Top-up or transfer money in wallet: You will not be able to top-up or transfer money into the wallet. You will also not be able to receive any credits, cashbacks or refunds. Read more: Paytm FASTag: Can I continue to use it to pay toll? Check RBI FAQs for customers
  2. Receiving money from other person in wallet: You will not be able to transfer money into the wallet or receive money from another person in the wallet.
  3. Transfer money into Paytm Payments Bank account: You will not be able to deposit money into your Paytm Payments Bank account as no credits or deposits are allowed to be credited.
  4. Salary credit in Paytm Payments Bank: You will not be able to receive any credits like salary into your account with Paytm Payments Bank. Read more: Paytm Fastag Deactivate: How to do it, a step by step guide for you
  5. Subsidy or direct benefit transfers: You will not be able to receive subsidies or direct benefit transfers into your account with Paytm Payments Bank.
  6. FASTag: You will not be able to top-up or recharge your FASTag which has been issued by Paytm Payments Bank. Read more: Paytm invalid for FASTag: These are 32 authorised banks you can use
  7. Transfer balance from old FASTag issued by Paytm Payments Bank to a new FASTag: This will also not be available. Therefore, customers will have to close their old FAStag issued by Paytm Payments Bank and request the bank for a refund before March 15.
  8. Transfer money into my Paytm Payments Bank account through UPI/ IMPS: You will be unable to transfer money into your Paytm Payments Bank account after March 15.

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