Investors’ attention is drawn to recent regulatory action announced by the Reserve Bank of India (RBI) vide its press releases dated January 31, 2024, and February 23, 2024, whereby they have put restrictions on Paytm Payments Bank Ltd., on further deposits, credit transactions, or top-ups to customer accounts, prepaid instruments, wallets, FASTags, NCMC cards, etc., effective March 15, 2024, with exceptions for interest, cashbacks, or refunds.
The demat account holders who have bank account with Paytm Payments Bank Ltd as a registered bank account in their respective demat account(s) are hereby informed to review the said arrangement and take appropriate steps to avoid any impact due to the aforesaid regulatory action by RBI on Paytm Payments Bank Ltd.
