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RBI Imposes Ban on Paytm Payments Bank: What It Means for Customers

banking services - digital payments - financial regulations - Paytm Payments Bank - RBI

Discover the latest RBI restrictions on Paytm and how they impact users. Find out what changes are coming and how to navigate the upcoming changes. Learn more about the potential financial implications for Paytm and its users.

RBI has recently announced a ban on Paytm Payments Bank, effective from March 2024. This restriction prohibits the bank from accepting deposits and conducting credit transactions. This move follows a system audit that uncovered persistent non-compliance issues. For Paytm customers, this means changes are on the horizon, with services like FASTags and wallet top-ups being affected. The central bank's decision has left many users wondering about the future of their digital transactions.

Amid rumors and confusion, Paytm users are advised to stay informed about the upcoming changes. With the ban set to take effect in March, it is crucial for customers to understand how their banking services will be impacted. Paytm has stated its commitment to complying with the RBI's directives, but users are likely to face disruptions in their day-to-day transactions. It's a crucial time for Paytm users to stay updated and prepared for the changes ahead.

In response to the RBI's actions, Paytm founder Vijay Shekhar Sharma has addressed the situation, calling it a 'big speed bump.' The company is bracing for a potential financial hit of up to $60 million due to the ban. As the situation unfolds, both Paytm and its customers are navigating uncertain waters, with implications that extend beyond just financial losses. Stay tuned for more updates as the Paytm saga continues to unfold.

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Image courtesy of "The Hindu BusinessLine"

RBI bars Paytm from offering banking services effective March 2024 (The Hindu BusinessLine)

Paytm Payments Bank will not be allowed to accept deposits or undertake credit transactions.

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Image courtesy of "ABP News"

Paytm Bank Ban: बंद हो रहा पेटीएम वॉलेट, अब किन तरीकों से डिजिटल पेमेंट ... (ABP News)

Paytm Wallet Closed: पेटीएम के वॉलेट यूजर्स की बात करें तो इनकी संख्या करोड़ों में है. ऐसे में सवाल उठता है कि इन यूजर्स के पास अब क्या ...

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Image courtesy of "Hindustan हिंदी"

Paytm पेमेंट बैंक में डिपॉजिट ट्रांजेक्शन पर रोक, RBI की बड़ी कार्रवाई (Hindustan हिंदी)

भारतीय रिजर्व बैंक (RBI) ने पेटीएम पेमेंट्स बैंक लिमिटेड (PPBL) पर फरवरी के बाद किसी भी ग्राहक खाते, वॉलेट और FASTags में जमा या टॉप-अप ...

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Image courtesy of "दैनिक जागरण"

RBI ने Paytm Payment Bank पर लगाई रोक, 29 फरवरी के बाद नहीं काम ... (दैनिक जागरण)

RBI ने पेटीएम पर 29 फरवरी 2024 के बाद किसी भी ग्राहक खाते प्रीपेड उपकरण वॉलेट FASTags NCMC कार्ड आदि में किसी भी ब्याज कैशबैक या रिफंड ...

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Image courtesy of "Business Today"

RBI places additional curbs on Paytm Payments Bank amid ... (Business Today)

On Wednesday, RBI restricted PBBL from taking fresh deposits and credit transactions across its services. An audit report revealed "persistent non-compliances ...

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Image courtesy of "Livemint"

Are you a Paytm customer? Here's what you should know about RBI ... (Livemint)

RBI also said the 'nodal accounts' of One97 Communications Ltd and Paytm Payments Services are to be terminated at the earliest, in any case not later than ...

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Image courtesy of "India Today"

Paytm to stop working after Feb 29? What RBI said, what it means ... (India Today)

The Reserve Bank of India has imposed certain restrictions on Paytm Payments Bank of India, which will bar the platform from onboarding new customer, ...

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Image courtesy of "The Hindu"

RBI stops Paytm Payments Bank from accepting deposits after ... (The Hindu)

"No further deposits or credit transactions or top ups shall be allowed in any customer accounts, prepaid instruments, wallets, FASTags, NCMC cards, etc. after ...

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Image courtesy of "आज तक"

आप भी यूज करते हैं Paytm, तो FasTAG से लेकर वॉलेट तक अब नहीं मिलेंगी ... (आज तक)

RBI action on Paytm Bank: रिजर्व बैंक ऑफ इंडिया ने पेटीएम बैंक के खिलाफ बुधवार को बड़ी कार्रवाई की है. केंद्रीय बैंक की कार्रवाई के बाद कई ...

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Image courtesy of "Inc42 Media"

RBI Bars Paytm Payments Bank From Providing UPI Service, Taking ... (Inc42 Media)

Paytm Payments Bank can also not provide any other banking services, such as UPI facility and fund transfers after February 29, 2024.

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Image courtesy of "ABP News"

Paytm की सेवाओं पर लगी पाबंदी, जानें अब पेमेंट के लिए किन ऐप्‍स का करना ... (ABP News)

Paytm Payment Ban: रिज़र्व बैंक ऑफ इंडिया ने पेटीएम पेमेंट बैंक की ज्यादातर सेवाओं को बैन कर दिया है. आइए हम आपको बताते हैं कि अब आप ...

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Image courtesy of "Business Standard Hindi"

RBI ने Paytm Payments Bank पर लगाई रोक, 29 फरवरी से कोई भी जमा ... (Business Standard Hindi)

RBI ने कहा कि पेटीएम पेमेंट बैंक को वॉलेट (Paytm Wallet) सहित किसी भी क्रेडिट ट्रांजैक्शन्स की परमिशन नहीं दी जाएगी। हालांकि, इसे लेकर अकाउंट ...

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Image courtesy of "Reuters"

Indian cenbank stops fresh business at Paytm Payments Bank (Reuters)

The Reserve Bank of India (RBI) has ordered Paytm Payments Bank Ltd, an associate of One 97 Communications Ltd , to stop accepting fresh deposits in its ...

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Image courtesy of "दैनिक जागरण"

Attention Please! एक मार्च से बंद होंगी Paytm Payments Bank की कई ... (दैनिक जागरण)

आरबीआई ने पेटीएम पेमेंट्स बैंक लिमिटेड को लेकर बड़ी कार्रवाई की है। बता दें कि आरबीआई ने पीपीबीएल को किसी भी ग्राहक खाते प्रीपेड ...

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Image courtesy of "The Wire"

RBI Stops Paytm Payment Bank From Accepting Deposits, Offering ... (The Wire)

The central bank said that audit reports had “revealed persistent non-compliances and continued material supervisory concerns in the bank”, though it did ...

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Image courtesy of "The Economic Times"

Paytm: RBI move against Paytm likely to disrupt retail payments ... (The Economic Times)

The Reserve Bank of India's decision Wednesday to terminate the nodal accounts of One 97 Communications Ltd and Paytm Payments Services Ltd could have far ...

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Image courtesy of "Livemint"

'I don't understand...': Ashneer Grover comes down heavily on RBI's ... (Livemint)

The RBI has directed Paytm Payments Bank (PPBL) to stop accepting deposits or top-ups in any customer accounts, wallets, FASTTags, and other instruments ...

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Image courtesy of "Business Standard Hindi"

Paytm Payments Bank: पेटीएम पेमेंट्स बैंक की जमा व भुगतान सेवा पर ... (Business Standard Hindi)

Paytm Paments Bank को 29 फरवरी के बाद ग्राहकों के खातों, प्रीपेड माध्यम, वॉलेट, फास्टैग, नैशनल कॉमन मोबिलिटी कार्ड आदि में किसी तरह के जमा या ...

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Image courtesy of "Livemint"

RBI bars Paytm Payments Bank from accepting deposits in any ... (Livemint)

The RBI's action against PPBL follows a comprehensive system audit report and subsequent compliance validation report of external auditors.

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Image courtesy of "ABP News"

पेटीएम पेमेंट्स बैंक के साथ कई सुविधाएं हुई बंद, अगर आपके अकाउंट में हैं ... (ABP News)

आरबीआई द्वारा जारी किए गए आदेशों के अनुसार अब पेटीएम पेमेंट्स बैंक नए ग्राहक नहीं जोड़ सकता. हालांकि इसको लेकर आरबीआई ने यह साफ ...

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Image courtesy of "Livemint"

Paytm to comply with RBI's directions, expects ₹300-500 crores ... (Livemint)

RBI on 31 January ordered Paytm Payments Bank to stop accepting fresh deposits in its accounts or wallets from March, following a system audit report and ...

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Image courtesy of "Business Today"

Paytm shares: Macquarie says RBI ban implications quite serious ... (Business Today)

Paytm RBI ban: Macquarie said the RBI had taken 15 months time to revoke its ban on digital business activities of the largest private sector bank.

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Image courtesy of "Hindustan हिंदी"

आरबीआई के आदेश के बाद आपके पेटीएम वॉलेट, फास्टैग का क्या होगा ... (Hindustan हिंदी)

Paytm wallet Fastag: आरबीआई ने मार्च से पेटीएम पेमेंट्स बैंक के जरिए से दी जाने वाली सेवाओं पर रोक लगा दी है। अभी सबसे बड़ा सवाल यह है ...

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Image courtesy of "Livemint"

Why Paytm share price may open lower on the Budget 2024 date ... (Livemint)

Paytm share price: In a strong statement on Wednesday, the Reserve Bank of India (RBI) imposed restrictions on Paytm's payment bank due to non-compliance.

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Image courtesy of "CNBCTV18"

Paytm gets its first sell call, lowest target from Jefferies; Here's what ... (CNBCTV18)

Brokerage firm Jefferies has downgraded its rating on Paytm to "underperform" from its earlier rating of "buy." The brokerage has also cut its price target ...

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Image courtesy of "Hindustan हिंदी"

Paytm बड़ी मुसीबत में, ₹500 करोड़ तक नुकसान की आशंका, एक्सपर्ट बोले ... (Hindustan हिंदी)

Paytm target Price: भारतीय रिजर्व बैंक (आरबीआई) ने पेटीएम पेमेंट्स बैंक लिमिटेड को किसी भी ग्राहक खाते, प्रीपेड साधन, वॉलेट एवं फास्टैग ...

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Image courtesy of "India Today"

What happens to your Paytm FASTags after February 29? (India Today)

The RBI has taken strict action against Paytm Payments Bank Limited, barring several crucial services from February 29, including Paytm Wallet top-ups.

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Image courtesy of "Hindustan Times"

Congress's 'Chinese link' dig at Modi govt after RBI's Paytm ... (Hindustan Times)

RBI barred Paytm Payments Bank from accepting deposits after February 29. The Congress questioned the government's monitoring of Paytm's Chinese links.

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Image courtesy of "Hindustan Times"

Paytm share price LIVE: Stock stays 20% down despite Sensex rally (Hindustan Times)

Paytm Share Price Live: Paytm's shares dropped day after the Reserve Bank of India barred Payments Bank from accepting new deposits after February 29.

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Image courtesy of "Livemint"

RBI's grip tightens: What lies ahead for Paytm after regulatory blow ... (Livemint)

The Reserve Bank of India (RBI) has directed Paytm Payments Bank Ltd. (PPBL) to halt new credit and deposit operations, among other banking activities, ...

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Image courtesy of "ABP News"

RBI की कड़ी कार्रवाई के बाद पेटीएम का पहला रिएक्शन, कंपनी ने कही यह बात (ABP News)

Paytm: आरबीआई द्वारा पेटीएम पर बड़ी कार्रवाई के बाद कंपनी ने अपनी पहली प्रतिक्रिया दी है. पेटीएम की पेरेंट कंपनी ने सोशल मीडिया ...

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Image courtesy of "Zee Business"

Paytm shares freeze at 20% lower circuit on RBI action; Jefferies ... (Zee Business)

Paytm share price BSE, RBI ban on Paytm Payments Bank: The Reserve Bank's action against Paytm Payments Bank follows a comprehensive system audit report and ...

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Image courtesy of "अमर उजाला"

Paytm: पेटीएम के शेयरों में 20 प्रतिशत की गिरावट, आरबीआई के आदेश के ... (अमर उजाला)

पेटीएम के शेयरो में गुरुवार को 20 प्रतिशत की गिरावट दर्ज की गई। बीएसई पर स्टॉक 20 प्रतिशत गिरकर 608.80 रुपये पहुंच गया।

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Image courtesy of "Livemint"

Paytm share price Today Live Updates : Paytm Stock Plummets in ... (Livemint)

Paytm stock price went down today, 01 Feb 2024, by -0.01 %. The stock closed at 761.1 per share. The stock is currently trading at 761 per share.

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Image courtesy of "Business Standard"

Explained: How RBI ban on Paytm impacts you and your finances ... (Business Standard)

The fintech company has been barred from accepting fresh deposits and carrying out credit transactions for consistently flouting RBI guidelines.

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Image courtesy of "Business Today"

Confused about your Paytm FASTag wallet balance? Here's a guide ... (Business Today)

Paying road tolls has been made convenient with Paytm FASTag. Still, the recent regulatory restrictions imposed by the Reserve Bank of India (RBI) on Paytm ...

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Image courtesy of "The Economic Times"

paytm: Will Paytm stop working? Decoding the RBI order and what it ... (The Economic Times)

In a surprising move, the Reserve Bank of India (RBI) has restricted all services provided by Paytm Payments Bank (PPBL), effective February 29, 2024.

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Image courtesy of "Reuters"

Paytm expects up to $60 mln hit from RBI action on its payments bank (Reuters)

Paytm said on Thursday it expects a worst case impact of 3 billion rupees ($36.13 million) to 5 billion rupees to its annual earnings from Reserve Bank of ...

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Image courtesy of "Hindustan हिंदी"

Paytm पर एक्शन के बाद कन्फ्यूज हुए यूजर्स, अब क्या बदल जाएगा, जानें ... (Hindustan हिंदी)

केंद्रीय रिजर्व बैंक (RBI) की ओर से पेटीएम पेमेंट्स बैंक लिमिटेड पर की बड़ी कार्रवाई की गई है। इस कार्रवाई के बाद अब करोड़ों पेटीएम ...

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Image courtesy of "Inc42 Media"

Paytm Shares Plunge 20% To Hit Lower Circuit After RBI Ban (Inc42 Media)

Paytm stock opened at a lower circuit, at INR 609 apiece, down 20% on the NSE compared to the previous session's closing price.

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Image courtesy of "Reuters"

India's Paytm shares plunge 20% after RBI curbs its payments bank (Reuters)

Indian digital payments firm Paytm lost a fifth of its market value on Thursday after the central bank ordered its payment bank subsidiary to halt its ...

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Image courtesy of "The Hindu"

Paytm sees ₹300-500 crore blow as customers won't be able to top ... (The Hindu)

The Reserve Bank of India's (RBI) order to stop almost all services of Paytm Payments Bank after February 29 will have an impact of ₹300-500 crore on ...

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Image courtesy of "CNBCTV18"

Paytm's Vijay Shekhar Sharma calls RBI's action a "big speed bump ... (CNBCTV18)

Paytm founder Vijay Shekhar Sharma held an analyst call post the Reserve Bank of India's actions on Paytm Payments Bank during which he called the move a ...

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Image courtesy of "Reuters"

What happened to Paytm Payments Bank? RBI's clampdown ... (Reuters)

The Reserve Bank of India (RBI) has ordered the payments bank subsidiary of Paytm to stop accepting fresh deposits in its accounts or popular wallets from ...

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Image courtesy of "India Today"

Paytm in damage control mode after RBI blow to payments bank ... (India Today)

The RBI has dealt a severe blow to Paytm, barring Paytm Payments Bank from offering its core services. A look at what's allowed and what's not.

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Image courtesy of "दैनिक जागरण"

RBI ने Paytm Payment Bank पर क्यों लगाई रोक, डिटेल में जानें क्यों लिया ... (दैनिक जागरण)

31 जनवरी को RBI ने जाने माने पेमेंट ऑप्शन पेटीएम पेमेंट्स बैंक पर प्रतिबंध लगा दिया। RBI ने बताया कि 29 फरवरी 2024 के बाद अकाउंट और ...

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Image courtesy of "The Hindu BusinessLine"

RBI order to have impact of ₹Rs 300-500 crore on annual ... (The Hindu BusinessLine)

The action against Paytm Payments Bank Ltd (PPBL) followed a comprehensive system audit report and subsequent compliance validation report of external auditors.

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