2 Feb 2024 , By MFJ Team
Paytm Payments Bank banned by RBI on transactions and new onboarding.
RBI Restricted all services provided by PPBL( Paytm payment bank).
Paytm money is not banned, RBI imposed restrictions on only Paytm payment bank-related transactions.
Paytm Money will work continuously after February 29. It is not part of Paytm Payment Bank, only transactions like debit, credit and UPI are restricted.
Onboarding new users, IMPS AEPS, UPI Debit & credit card, Recharge bill payment, and wallet transactions are restricted.
Paytm Money is risk-free, Paytm Money is registered with CDSL as a broker, investment advisor or depository. It is regulated by SEBI and is a member of the stock exchanges BSE and NSE.
Paytm Money is risk-free, Paytm Money is registered with CDSL as a broker, investment advisor or depository. It is regulated by SEBI and is a member of the stock exchanges BSE and NSE.