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Last year, EPFO permitted EPF payments in PPBL and Airtel Payments Bank accounts

EPFO to halt credits, deposits into EPF accounts linked with Paytm Payments Bank

<h2>Last year, EPFO permitted EPF payments in PPBL and Airtel Payments Bank accounts</h2>

Following RBI's restrictions, the Employees&rsquo; Provident Fund Organisation (EPFO) limits deposits and credit transactions in Paytm Payments Bank accounts.
The EPFO, in a circular on February 8, 2024, asked its Field Offices not to accept claims associated with bank accounts in Paytm Payment Bank Limited &nbsp;or PPBL with effect from February 23, 2024.
Last year, EPFO permitted EPF payments in PPBL and Airtel Payments Bank accounts.
RBI's January 31 curbs prohibit deposits, credit transactions, or top-ups in any customer accounts, prepaid instruments, wallets, FASTags after February 29.
Also read/watch - <a title="Manju Agarwal, an independent director at Paytm Payments Bank resigns: Report" href="https://www.editorji.com/business-news/manju-agarwal-an-independent-director-at-paytm-payments-bank-resigns-report-1707450292533">Manju Agarwal, an independent director at Paytm Payments Bank resigns: Report</a> RBI's restriction on Paytm
The Reserve Bank on Thursday said that the regulatory action is against Paytm Payment Bank Ltd (PPBL) and Paytm App will not be impacted by it.
In a major action against PPBL, the Reserve Bank earlier last month directed the lender to stop accepting deposits or top-ups in customer accounts, wallets, FASTags and other instruments after February 29.
"Just one clarification, this particular action is against Paytm Payments Bank and not to be confused with Paytm App...App is not impacted by this action," RBI Deputy Governor Swaminathan J said in the media interaction after the bi-monthly Monetary Policy Committee (MPC) meeting.
Asked if banks can partner with Paytm wallet, he said it is a business decision and they have to carry out required due diligence as per their board-approved policy.

Shares of digital payments service provider Paytm hit the upper circuit of 20% to Rs 669.6 in Tuesday's trade on BSE after the company narrowed its consolidated net loss to Rs 392 crore in the third quarter

Paytm share price rallies for 2nd day in row

Shares of digital payments service provider Paytm hit the upper circuit of 20% to Rs 669.6 in Tuesday's trade on BSE after the company narrowed its consolidated net loss to Rs 392 crore in the third quarter

Share price of One97 communications, which is commonly known as Paytm extended its rally for the second consecutive day on Tuesday after the company narrowed its consolidated net loss to Rs 392 crore in the third quarter.
In early trade, the stock struck a 20% upper circuit. While the stock has skyrocketed by over 27% in 2 days. Major brokerages globally have raised their target price for Paytm shares after strong Q3 numbers.&nbsp; At the time of writing, Paytm shares soared by 5.09% or ₹28.40 to trade at ₹587 apiece on BSE.&nbsp;
Paytm shares have kicked started the week with a bang post Q3. On Monday, the share price closed at ₹558 apiece up by 6.31% on Dalal Street. So far, in the week, the shares have climbed by at least 27.55% on D-Street. &nbsp;

Looking to cash in on the IPO&nbsp;rush&nbsp;Paytm Money has launched a feature which allows users to pre-apply for&nbsp;initial public offering via it's platform.&nbsp;The &ldquo;Pre-IPO Open application&rdquo; feature is designed to tap young investors to increase retail participation in the offers. Paytm&nbsp;CEO&nbsp;Varun&nbsp;Sridhar said,&nbsp;"Interest in IPOs has surged over the last couple of months, and we have seen cases where users have missed out from applying because of issues like tight schedules during market hours, and demand-led processing delays in the markets. We wanted to make the lives of our users easier and ensure that they don&rsquo;t miss out on good opportunities."Zomato is the first IPO on Paytm Money launched with this feature which already is seeing a high level of interest.&nbsp;Read/Watch Also: Zomato&nbsp;and Paytm, the online BFFs

You can now pre-book IPO via Paytm Money, just in time for the Zomato order

You can now apply for&nbsp;IPOs via Paytm Money, just in time for the Zomato order Please tag zomato, Vijayshekharm, Paytm&nbsp;

Paytm Money

<h2 class="article_desc">Zomato is the first IPO on Paytm Money launched with the feature.</h2>

Looking to cash in on the IPO&nbsp;rush&nbsp;Paytm Money has launched a feature which allows users to pre-apply for&nbsp;initial public offering via it's platform.&nbsp;
ALSO WATCH:&nbsp;<a href="https://www.edtr.ai/9tvk" target="_blank">Paytm IPO: Here comes the giant fintech offering of Rs 16,600 crore for Dalal Street</a> The &ldquo;Pre-IPO Open application&rdquo; feature is designed to tap young investors to increase retail participation in the offers. Paytm&nbsp;CEO&nbsp;Varun&nbsp;Sridhar said,&nbsp;"Interest in IPOs has surged over the last couple of months, and we have seen cases where users have missed out from applying because of issues like tight schedules during market hours, and demand-led processing delays in the markets. We wanted to make the lives of our users easier and ensure that they don&rsquo;t miss out on good opportunities." Zomato is the first IPO on Paytm Money launched with this feature which already is seeing a high level of interest.&nbsp; Read/Watch Also: <a href="https://www.edtr.ai/9tss">Zomato&nbsp;and Paytm, the online BFFs</a>

paytm money

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