As per an RBI order, Paytm Payments Bank will shut operations on March 15
Users will not be able to deposit money, but they can withdraw the existing amount
It is possible to receive refunds, cashbacks, and interest payment in the Paytm Payments Bank account
Paytm Payments Bank wallet can be used to make merchant payments with existing balance
Users will have the option to close the wallet and also transfer the balance to another bank account
Users will not be able to recharge or top-up the balance post March 15. However, they can use their existing balance to pay toll
Users won’t be able to receive money from other users into the Paytm Payments Bank accounts
Salary or other direct benefit transfers won’t be available
Monthly OTT payments can be made using the existing balance. Once the existing balance is used, user will have to switch to other bank