look news india
After several weeks, some good news has come for Paytm. RBI has given time till March 15 to Paytm to close its banking services. Let us tell you that a few weeks ago, the Reserve Bank of India i.e. RBI had issued a notice banning Paytm payment service. RBI had said that after February 29, no service of Paytm Payments Bank will work.
Paytm new banking partner
Paytm issued a press release saying that the company has transferred its nodal accounts to Axis Bank to continue business settlements as usual without any hassle. The company clarified through its press release that Paytm QR code, Soundbox and card machines will continue to work even after March 15. To you tell me That RBI had taken action against Paytm Payments Bank due to continuous violation of rules by Paytm in the Payments Bank service. However, the RBI had last Friday said that to give merchants and customers some more time to find alternative arrangements, the deadline for shutting down the Paytm Payments Bank service has been extended from March 29 to March 15.