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  1. Jun 6, 2024 · On January 31 2024, the Reserve Bank of India (RBI) barred Paytm Payments Bank Limited (PPBL) from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, FASTags and NCMC card after February 29, 2024, due to ongoing non-compliance and material supervisory concerns.

  2. 1 day ago · CLOSURE OF ZERO BALANCE INACTIVE PAYTM PAYMENTS BANK WALLETS. Date: 28th June 2024. Dear Bank Customer, Please note that PPBL conducts review of inactive wallets as part of which wallets with no transactions for more than two years and having nil balance will be closed. Communication will be sent to all impacted users and users will be given 30 ...

  3. 2 days ago · According to the Paytm Payments Bank website, "Please note that all wallets which do not have any transactions for the last 1 year or more and have nil balance, shall be closed w.e.f. July 20th, 2024. Communication will be sent to all impacted users and users will be given 30 days' notice period, before closing their wallet.

  4. Jun 21, 2024 · Features and Benefits of UPI Transaction. Instantaneous transfers: UPI allows for immediate transfer of funds between bank accounts, ensuring quick and convenient transactions. 24/7 availability: UPI transactions can be initiated at any time, providing round-the-clock accessibility for users.

  5. Jun 12, 2024 · The Reserve Bank of India (RBI) had barred Paytm Payments Bank Limited (PPBL), an associate of Paytm, from accepting deposits, credit transactions or top-ups in any customer accounts,...

    • Archana Complex, Block B, Greater Kailash I, New Delhi, 110048, India
  6. 21 hours ago · During our investor call, we have reaffirmed our commitment towards our core business lines, including payments and financial services, which remain regulated,” the Paytm spokesperson said, clarifying that as part of the platform’s business model, Paytm engages with various leading financial institutions across distribution of credit, insurance and wealth products.

  7. Jun 1, 2024 · PAYTM PAYMENTS BANK NEWS. Paytm shares soar over 8% after laying off employees as part of group restructuring. Paytm has been facing regulatory trouble after the RBI barred Paytm Payments Bank Ltd from accepting more deposits from February 29, owing to non-compliance.

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