RBI bars Paytm Payments Bank from accepting deposits from Feb 29

The Reserve Bank of India (RBI) imposes stringent restrictions on Paytm Payments Bank, prohibiting UPI services and deposits after February 29, 2024. Learn more about the regulatory actions and their impact on Paytm's banking operations in this update. #PayTm #RBI #ReserveBankofIndia #UPI #PaytmPayments #BankingNews #Finance #Business #DigitalPayments #OnlinePayment #Oneindia ~HT.292~GR.123~ED.194~PR.274~

Paytm faces restrictions by RBI, barring funds acceptance in Paytm Payments Bank due to compliance issues; FASTags and wallet deposits prohibited.