Paytm Payments Bank Ltd. (PPBL) is instructed by the RBI to halt onboarding new clients with effect from February 29. After this date, the bank is prohibited from providing any additional banking services, including fund transfers, beyond the specified ones. All forms of transactions, including deposits, credit transactions, top-ups, and withdrawals, will cease in customer accounts, prepaid cards, wallets, FASTags, NCMC cards, etc.
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