RBI Restrictions: Paytm will be no longer available after February 29th

Paytm Bank faces huge issues in their server sanction from the RBI no transaction will be allowed up from the match fast 2024 Paytm users cannot withdraw from their Paytm wallet or add funds to Paytm UPI and Paytm Apps will be affected.

After the dade line 29th February 2024 Paytm's business will fall miserably the strict action taken by RBI. This action is not canceling the license of Paytm payment Bank, however, it will largely constrict the Paytem business.

The RBI guidelines say Paytm Bank payment bank has been restricted from offering all the bank services like withdrawal, deposits Fastag payments. However, The Central Bank of India has allowed the withdrawal of the balance amount of the customers "without any restrictions up to their available balance."

Let's see at a glance at the new guidelines by the RBI.

Can the customers add the funds to the Paytm wallet or Paytm bank account?

It will be available till the deadline of 29 February 2024 from 1st March 2024 this operation will be restricted.

Can the customer use Paytm wallet or Paytm UPI?

It will be available till February 29th afterward it will be non-operational.

Can the customer Add funds to their Paytm Account or Wallet?

Currently Yes, after the deadline there will be no access.

How can a customer use the Fastag balance?

As per the instructions the Fastags balance will be used withdrawn or transferred without any limitations till February 29.