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Paytm Payments Bank Can't Offer Services Including Wallet After 15 Mar 2024

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RBI asks Paytm Payments Bank to stop onboarding new customers

https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=57224


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Deal Cadet Deal Cadet
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Guys RBI has issued a new order which states that Paytm cannot take any deposits after Feb 29, 2024.

Only cashbacks, refunds will be permitted to be credited.

Withdrawal transactions will work as usual upto limit of existing balance.

If you've funds lying in Paytm, it's better to withdraw now.

20240131171118
Link: https://m.rbi.org.in//Scripts/BS_PressReleaseDi...

Critic Critic
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lagta hai jio ya adani bank anewala hai

Pro DealBaba Pro DealBaba
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Kuch nhi hoga bhai, 29 feb se restrictions lgne hai, tab tak sort out ho jayega, mafinama and penalty ke sath.

Company thodi band hoga.

Log panic kar rhe ki withdraw karo blah blah.

Rahi baat share ke kuch dino tak toh lower circuit hai bhai... Sentiments nd news ka farak padega, Logo ko lag rha aaj he paytm band ho gya nd transaction band, maximum log date nhi pdenge.
Nikal lega koi raasta paytm wale.

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Generous Generous
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Livquick ka fastatg kaise banta hai? Hamre paas car nahi

Deal Subedar Deal Subedar
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Paytm postpaid

Paytm bank

Next what ???

Deal Newbie Deal Newbie
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Long ago they blocked my account with no reason 

Deal Captain Deal Captain
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Today your face must be all smily spark smile

Deal Lieutenant Deal Lieutenant
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Guys, if anyone facing problem while closing their Paytm fastag, do just let me know. I will guide you accordingly.

Deal Cadet Deal Cadet
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I want to close paytm fast tag tried to close but option not showing 

Critic Critic
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Impossible. Entire India runs on Paytm. It cannot be stopped from offering wallet services. Too big to fail.

Deal Cadet Deal Cadet
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Companies are too big to fail, until they aren't.

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Critic Critic
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RBI intentionally destroying Paytm, so adani Ambani can buy for lower price

Critic Critic
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Why do you think so? Here itself you will find lots of complaints & tricks working on paytm which clearly suggest they are not following kyc guidelines & proper banking guidelines in many cases.
Savings Mentor Savings Mentor
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Phir bhi FUEL WALLET ka paisa vapas nahin denge ye log

Deal Cadet Deal Cadet
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I have fix deposits amounting to Rs 5 lakh in paytm (linked to indusind). Is there something bad for fix deposit also?

Helpful Helpful
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Currently, if you break your FD it get credited to PPBL. So they will be issue.

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Deal Cadet Deal Cadet
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Pls transfer your Paytm fuel wallet balance into HP Pay wallet with approx 1% fee

Deal Newbie Deal Newbie
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I believe No big impact for honest customers who never trust Paytm for their cheating offers and don't put any big amount in their wallets

Deal Captain Deal Captain
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sob sob sob joy joy

Helpful Helpful
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2023? 🙄

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Hunk Hunk
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I Think the time till 29th February is given. So that Paytm make arrangements with other bank or financial partners to continue the merchant or important services. They will come with some way to handle this in my opinion.

Deal Captain Deal Captain
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Paytm how does it feel now, are you still laughing for making us fools? smile


Deal Cadet Deal Cadet
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Har dukan har jaagah Paytm h, kaise band krvaaoge?

Deal Cadet Deal Cadet
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Cash lelenge. Reverse demonetisation.
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Deal Cadet Deal Cadet
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यह बहुत सिंसर बैंक था। INDIA'S MOST SINCERE BANK.

Deal Subedar Deal Subedar
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What will happen to card swiping machine and sound box?? I

Helpful Helpful
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Paytm merchant account is not affected 

Deal Cadet Deal Cadet
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So from March 1st onwards we stop getting 5 cashback points 😄

Deal Cadet Deal Cadet
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Vijay Sankra will give money and settle. Or else go on the way of Vijay Malya

Deal Cadet Deal Cadet
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Recently ordered paytm fastagg but the tag wasn’t activated due to some problem. I was asked for RC and tag photo and they have opened a ticket. What should I expect?

Helpful Helpful
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Will existing FD continue to accure interest in the paytm payment bank

Deal Cadet Deal Cadet
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Yes ,fd is handled by indusind bank, only upon breaking it goes to ppbl

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Helpful Helpful
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Paytm won't get closed, it must be sorted before feb end

Deal Cadet Deal Cadet
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Hope this will not effect paytm money(investment app) at all

Deal Newbie Deal Newbie
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I have a loan with them, now what will happen with it? It's tenure is 4 years and only 8 installments are paid. 

Deal Subedar Deal Subedar
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Loans manager by different banks..

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Deal Newbie Deal Newbie
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Lower circuit for next 2 trading sessions for sure

Deal Cadet Deal Cadet
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Paytm wallet is not allowing transfer money to bank..

Also I am unable to login now.. Once logged out..

Seems paytm is trying to show it's power to RBI through this way.

Deal Cadet Deal Cadet
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Resolved now.. was able to login and transfer after few hours.
Deal Newbie Deal Newbie
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Reminds me of 2016 demonetisation

Deal Cadet Deal Cadet
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I don't think it will happen. Paytm is a very big finance player in India's digitisation. 100% sure RBI and Paytm will negotiate within 15 days and the operations will be continue without any issue. 

Deal Major Deal Major
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