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In a surprising move, the Reserve Bank of India (RBI) has restricted all services provided by Paytm Payments Bank (PPBL), effective February 29, 2024. Debit and credit transactions, including wallet operations, cease post this date, with withdrawals allowed. Fund transfers, bill payments, and UPI facilities through Paytm will also be halted. Users linked to external banks are unaffected. Paytm wallet services and Fastag operations will be disrupted, but stock market and mutual fund services remain unaffected.

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