On January 31, the Reserve Bank directed Paytm Payments Bank (PPBL) to stop accepting deposits or top-ups in any customer accounts, wallets, FASTTags and other instruments after February 29. Highway Toll Collector IHMCL Removes Paytm Payments Bank From List of Banks Authorised To Issue FASTag.
NHAI on Friday removed Paytm Payments Bank from its list of 30 authorised banks for the FASTag service. The FASTag chip, also known as the RFID Tag, is placed on the vehicle's windscreen. It allows customers to conveniently make toll payments directly from their linked FASTag account.
Get answers to all the FAQs about Paytm Payments Bank closure, withdrawal, and deposit status after March 15. RBI clarifies key questions. Get full details at news18.com
The Reserve Bank of India addressed concerns about Paytm s banking unit by releasing FAQs, covering topics like withdrawals, refunds, and salary credits. Customers can use, withdraw, or transfer funds up to their available balance until March 15. After that date, no new deposits are allowed, but refunds, cashbacks, and interest can still be credited.
More payment banks are likely to face regulatory action on allegations of money laundering, following the recent RBI crackdown on Paytm. This and more in today s ETtech Top 5.