Paytm Payments Bank Ban: From Paytm migration to RBI’s stand – Top 10 facts and developments you should know | The Times of India

Paytm Payments Bank Ban Latest Update: In a significant setback for the company, the RBI has prohibited Paytm Payments Bank Ltd (PPBL) from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, and FASTags after February 29, 2024. This action by the RBI, initiated on January 31, mandated PPBL to cease accepting deposits or top-ups in any customer accounts, wallets, FASTTags, and other instruments after February 29. We take a look at why RBI banned Paytm Payments Bank, what it means for customers, what action is being taken and more: (AI image)