Paytm Shares Important Updates After RBI Clampdown

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The RBI ordered Paytm Payments Bank to stop accepting fresh deposits in its accounts or popular wallets after February 29, 2024

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Following RBI restrictions on its mobile wallet, Paytm addressed user concerns through an FAQ

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The company said that people can continue using the existing balance on Paytm FASTag

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The company also clarified whether the POS machine/soundbox will work

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Paytm said that investments with Paytm Money will not be affected

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The company also clarified that the Paytm NCMC card will continue to work

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The RBI order said that any interest, cashbacks, or refunds may be credited back to Paytm customers at any time

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Paytm said late on Wednesday that its parent company One97 Communication Limited (OCL) works with various banks

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Paytm shares plunged the daily limit of 20% on Thursday after the central bank's move

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