The Reserve Bank of India (RBI) has given a big relief to Paytm and given a relaxation of 15 days. Now the restriction limit on Paytm Payments Bank will not be applicable from February 29, but it has been extended by 15 more days. Now the restriction on Paytm Payments Bank will be applicable after March 15, which means that transactions in Paytm Wallet, Fastag and customer accounts can be done till March 15, 2024. Apart from this, RBI has also issued FAQ regarding Paytm
In fact, on January 31, 2024, the Reserve Bank of India (RBI) took a big step and issued an order to Paytm to stop banking services, which was to come into effect from February 29, 2024, but now the date has been amended. RBI had said on January 31 that regulatory action has been taken on Paytm Payments Bank, due to which services like transactions, Paytm Wallet, FASTag and topup in Paytm Payments Bank account will be stopped after February 29. Will go.Extended time for customers The central bank said that it had imposed some business restrictions on Paytm Payments Bank Limited, operated by Paytm’s parent company Ban97 commission
