Paytm Wallet used to be a prepaid payment instrument under Paytm Payments Bank Ltd. (PPBL), and its features depended on your KYC status —

• Minimum KYC: Limited use (no bank transfers, low balance).

• Full KYC: Full access, including transfers and higher limits.

However, after the RBI restrictions on PPBL in March 2024, users can no longer add money or use the wallet for new transactions. Only refunds or cashback can be credited, and existing balances can be used or withdrawn (if KYC-compliant).

In short, the Paytm Wallet service is no longer operational in its original form. If you still have balance, transfer or use it before it becomes inactive.