Paytm QR, Soundbox and EDC to continue to work, says RBI as it issues FAQs on Paytm payments bank
New Delhi, Feb. 16 -- 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.
The central bank also issued a set of FAQs after several queries were sent by customers to the bank. The FAQs are as below:
1. Customers can continue to use, withdraw or transfer your funds from their account upto the available balance in the account. Similarly, they can continue use debit card to withdraw or transfer funds upto the available balance in the account.
2. After March 15, 2024, Customers will not be able to deposit money into their accounts with Paytm Payments Bank. No credits or deposits other than interest, cashbacks, swee...
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