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More trouble for Paytm, EPFO blocks transactions into accounts linked with Paytm Payments Bank

PayTM is facing more trouble as the Employee Provident Fund Organisation (EPFO) has announced that it will block deposits and credits into EPF accounts linked with Paytm Payments Bank. This comes after the Reserve Bank of India announced restriction on One 97 Communications' digital payments gateway, starting February 23rd.

EPFO instructions

In a circular dated February 8th, the EPFO directed its field officers to not accept claims associated with Paytm Payments Bank Limited (PPBL) accounts.  ....

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