Is this the End of #paytm? All you need to know | LawWiser

01/04/2020 By LawWiser

Paytm Payments Bank Shut Down ? What You Need to Know
The Reserve Bank of India (RBI) has imposed severe restrictions on Paytm Payments Bank Limited (PPBL), effective from February 29, 2024, due to non-compliance with various regulatory norms. This means that Paytm users will not be able to deposit or add money to their accounts, wallets, FASTags, or other services after this date. They will also not be able to use fund transfers, bill payments, or UPI facility through Paytm. However, they will be able to withdraw or use their existing balance without any restrictions.
In this video, we will explain the reasons behind RBI’s action, the impact on Paytm users, and the alternatives available for them. We will also answer some frequently asked questions about this issue, such as:
Why did RBI ban Paytm Payments Bank?
How can I withdraw my money from Paytm?
Can I still use Paytm for online shopping or recharges?
What are the best alternatives to Paytm?
How can I protect my money and data from cyber frauds?
If you are a Paytm user, you need to watch this video to know your rights and options. Don’t forget to like, share, and subscribe to our channel for more updates on this topic.
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