Post RBI action, what happens to your money in Paytm Wallet or Paytm Bank?
Thu, Feb 1, 2024 10:40 AM

Post RBI action, what happens to your money in Paytm Wallet or Paytm Bank?

A Flip by Shubhangi Gupta
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On Jan 31, RBI imposed restrictions on Paytm Payments Bank, banning it from accepting new deposits and doing credit transactions from Feb 2024. Existing customers can withdraw their money until Feb 2024 and use the app for digital payments as long as their account is linked to an external bank. The action announced on Jan 31 is in addition to previous restrictions imposed on Paytm in March 2022.

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