Paytm mat karo?

One97 Communications, famously known as Paytm, faced a major blow recently when the Reserve Bank of India (RBI) issued a circular prohibiting it from offering banking services. As a result, its stock plummeted around 36 per cent in just two days! RBI's directive The RBI banned Paytm from offering all forms of banking services due to issues of non-compliance and material supervisory concerns. Effective February 29, Paytm Payments Bank will no longer be able to accept new users, and even the existing users will be unable to utilise Paytm wallets, Fastags, and mobility cards after this date. The ban extends to other banking services, such as the transfer of funds, UPI, and immediate payment services. However, withdrawals will be possible. Rep