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  1. Jun 6, 2024 · On January 31 2024, the Reserve Bank of India (RBI) barred Paytm Payments Bank Limited (PPBL) from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, FASTags and NCMC card after February 29, 2024, due to ongoing non-compliance and material supervisory concerns.

  2. 6 days ago · Paytm Payments Bank has announced that on July 20, 2024, inactive wallets with NIL balances and no transactions in the previous year or longer will be closed.

  3. Jun 21, 2024 · Features and Benefits of UPI Transaction. Instantaneous transfers: UPI allows for immediate transfer of funds between bank accounts, ensuring quick and convenient transactions. 24/7 availability: UPI transactions can be initiated at any time, providing round-the-clock accessibility for users.

  4. Jun 15, 2024 · Paytm Payments Bank board is independent, Paytm CEO Sharma says. The Reserve Bank of India (RBI) in late January had ordered Paytm Payments Bank to stop accepting new deposits in its accounts or digital wallets from March, citing supervisory concerns and persistent non-compliance with rules. 22 Apr, 2024, 06:56 PM IST

  5. 1 day ago · On July 20, 2024, Paytm Payments Bank will close wallets with NIL balances and no transactions for over a year. According to the bank’s website, "Please note that all wallets which do not have any transactions for the last 1 year or more and have nil balance, shall be closed w.e.f. July 20, 2024.

  6. Jun 10, 2024 · Paytm secures NPCI nod for migrating its users to other banks. The four banks which will be working with Paytm for UPI payments are State Bank of India, Yes Bank, HDFC Bank and Axis Bank. 18 Apr, 2024, 12:51 PM IST. India defers approval of Paytm's investment in its payments arm.

  7. Jun 12, 2024 · Paytm has reported a widening of loss to Rs 550 crore in January-March 2024, following the ban imposed by RBI on transactions related to its payments bank.

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