Paytm Payments Bank Fastag, Wallet or Salary Credit, RBI FAQ Simplified For Users, Clear All Doubts Here
10 months, 1 week ago

Paytm Payments Bank Fastag, Wallet or Salary Credit, RBI FAQ Simplified For Users, Clear All Doubts Here

News 18  

RBI FAQ Paytm Payments Bank: The RBI on Friday advised customers as well as merchants of Paytm Payments Bank Ltd to shift their accounts to other banks by March 15, giving 15 more days to the beleaguered entity to close most of its operations, including deposit and credit transactions. If your receipt and transfer of funds is linked to any bank account other than Paytm Payments Bank, you can continue to use this arrangement even after March 15, 2024. After March 15, 2024 you will not be able to receive any credit into your bank account or wallet with Paytm Payments Bank other than refunds, cashbacks, sweep-in from partner banks or interest. Can I transfer my money into my Paytm Payments Bank account through UPI/ IMPS after March 15, 2024? Can I withdraw my money from my Paytm Payments Bank account through UPI/ IMPS after March 15, 2024?

Payments Balance Bank 2024 Rbi Account Emi Your Account New Customers Continue Available Paytm Upi Wallet Kyc Fastag Faq Payment System This Account Your Accounts Paytm Payments Bank Ncmc Paytm Payments Ppb Imps My Account Partner Banks Bbps Your Bank Account This Wallet My Bank Account Paytm Qr  users  available  salary  fastag  bank  faq  doubts  2024  paytm  15  simplified  payments  continue  wallet  account  balance  rbi

History of this topic

What is happening with Paytm? Is it working now, can you UPI, and other FAQs answered
7 months, 1 week ago

What is happening with Paytm? Is it working now, can you UPI, and other FAQs answered

India Today  

Paytm Payments Bank was recently banned in India by the government on the pretext of non-compliance with regulations and supervisory issues. It will continue to function as it used to work, and features related to Paytm Payments Bank are not available. You can continue to make UPI Payments, send or receive money through UPI, or make offline QR code payments …

Paytm cuts ties with Paytm Payments Bank, ends inter-company pacts after RBI's crackdown
9 months, 3 weeks ago

Paytm cuts ties with Paytm Payments Bank, ends inter-company pacts after RBI's crackdown

Hindustan Times  

Paytm's parent company One 97 Communications said in a company filing on Friday that the firm's board has decided to discontinue the inter-company pacts with its banking service Paytm Payments Bank to reduce dependencies. Paytm has cut company ties with Paytm Payments Bank Paytm Payments Bank Limited has remained under the lens of the Reserve Bank of India for a …

Do you have @Paytm UPI handle? RBI has a message for you
10 months ago

Do you have @Paytm UPI handle? RBI has a message for you

India Today  

The Reserve Bank of India has asked National Payments Corporation of India to consider One97 Communication Ltd's request to become a Third-Party Application Provider for the UPI channel for continued operation of the Paytm app. This situation has prompted the need for additional measures to ensure smooth digital payments through the UPI channel operated by Paytm Payments Bank and to …

Paytm explains what will and what will not work after March 15: All about UPI, Fastag, Wallet and more
10 months ago

Paytm explains what will and what will not work after March 15: All about UPI, Fastag, Wallet and more

India TV News  

It is no secret that Paytm has been facing RBI restrictions in India, which is considered the deadliest ban on Paytm Payments Bank. FASTtag/NCMC Card issued by Paytm Payments Bank: Can we use it after March 15? Yes, you can currently use them by Paytm Payments Bank, but you will not be able to recharge or add money after March …

Paytm explains what will work and what will not after March 15: Wallet, Fastag, UPI questions answered
10 months ago

Paytm explains what will work and what will not after March 15: Wallet, Fastag, UPI questions answered

India Today  

As the deadline for the ban on Paytm Payments Bank has been extended, confusion around whether the UPI service will keep working or not is still there. Can you use FASTtag / NCMC Card issued by Paytm Payments Bank? Yes, you can currently use the FASTag / NCMC Card issued by Paytm Payments Bank. You can either use the amount …

Paytm Payments Bank crisis: RBI issues 30 FAQs after crackdown
10 months, 1 week ago

Paytm Payments Bank crisis: RBI issues 30 FAQs after crackdown

Hindustan Times  

The Reserve Bank of India, soon after extending the deadline to halt operations, issued a list of frequently asked questions for Paytm Payments Bank account holders. After March 15, 2024, you will not be able to deposit money into your account with Paytm Payments Bank. After March 15, 2024, you will not be able to receive any such credits into …

RBI Releases FAQs on Paytm Payments Bank Operations After March 15
10 months, 1 week ago

RBI Releases FAQs on Paytm Payments Bank Operations After March 15

Deccan Chronicle  

Mumbai: The Reserve Bank of India on Friday issued a list of frequently asked questions on Paytm Payments Bank for the convenience of the customers of the fintech giant which has been banned from onboarding new customers. The RBI in a press statement announced extending the deadline for Paytm Payments Bank to wind down operations by 15 days to March …

RBI extends deadline for Paytm Bank customers to make deposits, access credit transactions till March 15
10 months, 1 week ago

RBI extends deadline for Paytm Bank customers to make deposits, access credit transactions till March 15

The Hindu  

The Reserve Bank of India has extended the earlier stipulated deadline for Paytm Payments Bank’s customers to make deposits and access credit transactions till March 15, 2024. However, those merchants who are accepting payments using a Paytm QR code, Paytm soundbox, Paytm POS terminal linked to their bank account or wallet with Paytm Payments Bank will not be able to …

RBI gives 15 days relaxation to Paytm Payments bank, says Paytm QR, soundbox, POS will continue to work
10 months, 1 week ago

RBI gives 15 days relaxation to Paytm Payments bank, says Paytm QR, soundbox, POS will continue to work

Op India  

The Reserve Bank of India on Friday gave a 15 day relaxation to Paytm payments bank on accepting deposits. However, no fresh deposits with partner banks through Paytm Payments Bank will be allowed after March 15, 2024. Merchants using Paytm Payments Bank to receive payments using a Paytm QR code, Paytm soundbox or Paytm POS terminal, linked to another bank …

Paytm QR code, card machine to work even after March 15 only if….
10 months, 1 week ago

Paytm QR code, card machine to work even after March 15 only if….

Hindustan Times  

The Reserve Bank of India clarified that the widely used Paytm QR code and Soundbox by merchants will not be affected by its action on Paytm Payments Bank if they are linked to accounts with other banks, it said in a ‘Frequently Asked Questions’ document released on Friday. If the Paytm QR code, Paytm Soundbox is not linked to Paytm …

RBI releases Paytm Payments Bank FAQs. Check what happens to wallets, FASTags
10 months, 1 week ago

RBI releases Paytm Payments Bank FAQs. Check what happens to wallets, FASTags

India Today  

The Reserve Bank of India has announced an extension of the deadline for the operations of Paytm Payments Bank Limited. Wallet services, FASTags, and NCMC cards issued by Paytm Payments Bank can be used until the balance is exhausted, but no top-ups or recharges will be allowed after March 15, 2024. Deposits or transfers into Paytm Payments Bank accounts will …

Paytm Payments Bank gets reprieve till March 15, RBI cites customers' interest
10 months, 1 week ago

Paytm Payments Bank gets reprieve till March 15, RBI cites customers' interest

India Today  

The Reserve Bank of India on Friday extended the earlier deadline given to Paytm Payments Bank Limited to stop key services, including credit transactions, deposits, wallet, and FASTags. The central bank has said in a fresh circular that the new deadline is March 15, and also released a list of FAQ on Paytm Payments Bank. "Keeping in view the interest …

RBI Proceedings Against Paytm Payment Bank: Regulatory Compliances
10 months, 1 week ago

RBI Proceedings Against Paytm Payment Bank: Regulatory Compliances

Live Law  

The recent action of the Reserve Bank of India against Paytm's subsidiary, the Paytm Payment Bank has sent ripples across the fintech industry. This action of the RBI comes in light of multiple repeated violations by the Paytm Payment Bank of various compliances, regulations, and directions that are in place to regulate the functioning of payment banks. It is pertinent …

Will UPI service continue on Paytm? Company's response
10 months, 2 weeks ago

Will UPI service continue on Paytm? Company's response

Hindustan Times  

Paytm said that UPI service on Paytm will continue to work as normal as the company is working with other banks to make changes. Paytm UPI service falls under the Paytm Payments Bank, which was barred by the Reserve Bank of India from taking money from customers after February 29. Customers made 144.25 crore transactions on the Paytm Payment Bank …

Paytm woes worsen as traders' body advises users to switch to other payment apps after RBI crackdown
10 months, 2 weeks ago

Paytm woes worsen as traders' body advises users to switch to other payment apps after RBI crackdown

Hindustan Times  

After the Reserve Bank of India cracked down against Paytm Payments Bank and its regulatory violations, traders' body CAIT issued a cautionary advice to Paytm users, urging them to switch to other payment apps. The Confederation of All India Traders said in a statement that traders are advised to use payment platforms other than Paytm for business-related transactions as RBI …

RBI Bars Paytm Bank from Offering Banking Services After February 29
10 months, 3 weeks ago

RBI Bars Paytm Bank from Offering Banking Services After February 29

Deccan Chronicle  

Mumbai: The Reserve Bank of India on Wednesday banned Paytm Payments Bank Ltd from offering all forms of banking services including fund transfers via Unified Payments Interface, IMPS, Aadhaar-enabled payments and bill payment transactions, effective February 29, 2024. However Paytm customers need not worry as they can continue to utilise balances from their accounts, including savings and current without restriction …

RBI bars Paytm Payments Bank from accepting deposits after Feb 29
10 months, 3 weeks ago

RBI bars Paytm Payments Bank from accepting deposits after Feb 29

Hindustan Times  

The Reserve Bank of India on Wednesday barred Paytm Payments Bank from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, and FASTags, among others after February 29, 2024. “The Comprehensive System Audit report and subsequent compliance validation report of the external auditors revealed persistent non-compliances and continued material supervisory concerns in the bank, warranting further supervisory action,” …

Discover Related