Paytm Payment Bank : These services will be closed from tomorrow, know which ones will remain operational?

Paytm Payment Bank : Last month RBI had banned the services of Paytm Payment Bank. The central bank had ordered to close these services by March 15. This is the reason which services will run after March 15 and which will not. And many people do not know that Paytm will be shut down. Know which services you can use on the payment platform from tomorrow.

Paytm Payment Bank

From tomorrow, customers will not be able to use many services of Paytm Payment Bank. The Reserve Bank of India (RBI) had imposed a ban on Paytm Payment Bank, which will last till March 15. These services won’t be available to customers starting tomorrow. We will discuss all the services that will be closed from tomorrow.

These services will remain operational

Paytm Payment Bank
Paytm Payment Bank

Paytm Payment Bank users will be able to withdraw existing money from their account or wallet.

Closing Paytm Payment Bank Wallet: Paytm users have the option to transfer the balance to another account.

Yesterday four banks were made Paytm Partner Bank. It is possible to avail interest from Paytm Payments Bank accounts along with refunds, cashbacks and sweep-ins from partner banks. As long as there is money in the account, Paytm payments can be taken out of it.

  • Payment can be made to the merchant using Paytm Payment Bank Wallet.
  • Users can use IMPS or UPI to withdraw funds from their Paytm bank account.
  • FASTag will be available, but only till the balance. Users will not get the option to add more money.

From today i.e. after March 15, it will have to be linked to any other bank account. Let us tell you that Paytm has been approved to become a third party UPI app. Four banks have been included in this.

Paytm users will have to add another bank account or change their bank account from Paytm Payment Bank to another bank account for services like salary credit, EMI payments and other FASTag balance recharging.

These services will be closed

Paytm Payment Bank
Paytm Payment Bank
  • Top up for FASTag or Wallet account will not be available.
  • Users will not be able to take money from other users into their Paytm bank account.
  • Salary or other direct transfers will not be available.
  • Paytm’s ongoing Fastag balance can be transferred to another Fastag.
  • You will not be able to transfer money to your bank account through Paytm Payment Bank.
  • Paytm Share Price
  • Paytm shares closed today at Rs 370.70 with a gain of 5% or 17.65 points. Paytm’s 52 week high is Rs 998.30. Whereas 52 week low is Rs 318.05.

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