A. Yes, absolutely! You can continue using Paytm app for all your bill payments and recharges, like always.
Rest assured, Paytm continues to support a wide range of payment options for your convenience.
A. All other services on Paytm app are unaffected, you can continue to use them on Paytm as usual.
A. Yes. Your Paytm QR, Soundbox, Card Machine will continue to work as always.
A. Yes, you can continue to use, withdraw or transfer to another wallet or bank account until balance is available in the wallet. Please note you will not be able to make any deposits in same after March 15, 2024, however all refunds and cashback can still be credited to your wallet.
A. Yes, you can use the FASTag / NCMC Card issued by Paytm Payments Bank. However you will not be able to recharge or add money to the same after March 15, 2024.
You can either use the amount or close your FASTag / NCMC Card issued by Paytm Payments Bank and request the bank for a refund.
A. The Reserve Bank of India (RBI) has issued a directive restricting Paytm Payments Bank Account / Wallet from accepting new deposits or allowing credit transactions after March 15, 2024. However, there is no restriction on withdrawal of money from your existing balance even after March 15, 2024.
The directive does not impact your existing balances in account or wallet and your money is safe with the Bank.
Executive Director, Arvind Ltd.
"We have been using Paytm QR to power payments across all our store formats. Paytm also powers Gift Vouchers for all our brands on their app. We continue to grow our relation with Paytm due to its excellent product stack, timely settlements and seamless reconciliation. We are in fact, strengthening our current relationship by deploying Paytm POS machines at 1000+ of our stores."
CEO, Hotspot Retail
"We are working with Paytm since the last 2 years and we haven't faced any problem with Paytm. We are using EDC machines & wallet, and the company is too supportive. I would encourage everyone to use Paytm, as you were using earlier. So #Paytmkaro"
Biba Finance Team
"Our BIBA Store has always relied upon Paytm's iconic Dynamic QR device and Card Machines, more so because payments always go through these devices instantly. With Paytm being the most popular and trusted payments option preferred by our guests, it gives us the ease of doing business."
Owner, Choudhary Sweets
"Paytm is the pioneer of digital payments. Since we've been using Paytm's innovative products to grow our business for years, we'll continue to use them."
Manager Sterling Stays
"Neither the receiving nor the payment modes are causing any issues for us. Paytm is always hassle-free when it comes to payments. As far as our businesses are concerned, there is no impact."
Owner, Delhi electronics
"Paytm is a part of our life. We have used Paytm for years and will keep using it. Paytm is in our blood. It can never be removed. It is really good and helpful for us."
Mumbai Tiffin Services
"हमें Paytm पर पूरा भरोसा है। We’re committed to accepting payments and expanding our business with"
Please keep visiting this page for updates over the next few days as we provide further clarity.