The Reserve Bank of India on Friday gave a 15-day relaxation to Paytm Payments Bank on accepting deposits. The last date will now be March 15 from the earlier date of February 29.
“No further deposits credit transactions or top-ups shall be allowed in any customer accounts, prepaid instruments, wallets, FASTags, National Common Mobility Cards, etc.
after March 15, 2024 (extended from the earlier stipulated timeline of February 29, 2024), other than any interest, cashback, sweep in from partner banks or refunds which may be credited anytime.” the RBI said.
