Paytm Bank Is Banned: The RBI took big action on Paytm Bank; will the bank be closed soon? Know the complete details!

Paytm Bank Is Banned:

Most people use the popular company Paytm in our country. Paytm also gives us the service of its Paytm Payments Bank, and many users are also associated with this bank. But now very bad news is coming for the users associated with Paytm Bank.

The reason for this is that RBI, i.e. Reserve Bank of India, has taken a big action against Paytm Payments Bank Limited, due to which the users associated with this bank are in a lot of trouble because now they are not able to know that after this action of RBI, Paytm What changes will happen in the bank?

Therefore, in today’s post, we are going to give you complete updates about Paytm Bank Banned so that you can have the correct information about Paytm Bank Banned. Stay tuned till the end of this post so that you can get complete information about Paytm Bank Banned.

What action did the RBI take on Paytm? Paytm Bank was banned.

According to the Reserve Bank of India (RBI), Paytm has violated many banking rules, only after which the RBI has taken strict steps against Paytm. The RBI says that Paytm has violated many rules in its audit report and the reports of external auditors.

Due to this, the RBI, taking action on Paytm, has decided to stop the facility of credit and deposit of money for the customers of Paytm Payments Bank on February 29. That is, after 29th February, if your

Note: The restrictions imposed by the RBI on Paytm Payments Bank will come into effect on February 29.What action did the RBI take on Paytm? Paytm Bank Banned

Will the Paytm app be closed now? Paytm Bank is banned.

After this action of the RBI on Paytm, many people have a question: Will my Paytm app stop working? So let us tell you that nothing like this is going to happen; you can use your Paytm app as before without any problem.

Let us tell you that the RBI has banned Paytm Payments Bank and not other services of Paytm. This means that you will be able to use all types of services on Paytm, like UPI payments, recharges, electricity bill payments, water payments, Paytm Gold, Paytm Money, etc., without any problem. To use all these services, you will have to use other banks like HDFC, Axis, SBI, etc.

Therefore, you do not need to worry about this; you can use your Paytm app as before.

However, Paytm CEO Vijay Sharma, while talking to the media, has said that even after February 29, Paytm users will be able to use all our services. For this, we are also going to partner with other banks, so none of our customers need to worry about anything.

If you have any questions related to this, you can ask us your question in the comment box below.

We hope that from this article you will have gotten complete updates about Paytm Bank Banned.

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1 thought on “Paytm Bank Is Banned: The RBI took big action on Paytm Bank; will the bank be closed soon? Know the complete details!”

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