FAQ Page 1 - RBI - Reserve Bank of India
Business restrictions imposed on Paytm Payments Bank Limited vide Press Releases dated January 31 and February 16, 2024
Merchants using Paytm Payments Bank to receive payments
Bharat Bill Payment System (BBPS)
Aadhar enabled Payment System (AePS)
Money Transfer through UPI/ IMPS
Paytm Payments Bank Business Correspondent
Accounts frozen, lien marked etc.
Any lien or freeze (full or partial) marked as per the instructions of any law enforcement or judicial authorities on the account/wallet of a customer with Paytm Payments Bank will continue to be governed by the orders passed by such authorities
The bank has been directed to allow withdrawal or transfer to another bank account of the customer, upto the available balance in the account / wallets.
Onboarding of new customers
The business restriction dated March 11, 2022, prohibiting Paytm Payments Bank from onboarding any new customers for any of its services continues to be in force. Hence, Paytm Payments Bank cannot onboard any new customers after March 11, 2022.
Page Last Updated on: December 10, 2022