RBI Action: RBI has prohibited adding new customers on Paytm Payments Bank. However, customers will be able to withdraw money from their account.
RBI Action: Reserve Bank of India (RBI) has banned the giant Paytm Payments Bank from adding new customers. This decision has come into effect with immediate effect. The central bank said on Wednesday that the bank is violating many rules. This has been revealed in the audit report. After this ban, customers will not be able to deposit money in their account and also RBI has said that wallet, Fastag and NCMC card will also not be topped up. However, permission has been given to the customer to withdraw money.
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