RBI's deadline for Paytm Bank ends soon. Customers with money in the bank or Paytm Wallet have options to keep the money with the bank or withdraw and deposit it into another bank account. Money in Paytm Payments Bank is safe and can be transferred to another bank account. No more deposits, credit transactions, top-ups, or withdrawals will be permitted after February 29, 2024.
RBI moratorium on Paytm Payments Bank expected to be resolved in 3-5 months: CFO - The Paytm Payments Bank is working with the Reserve Bank of India to complete the IT audit and address the regulator s concerns.