Paytm is also in discussions with several other banks, including Yes Bank, HDFC Bank, ICICI Bank, and Canara Bank; however, none of the discussions have concluded yet.
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.