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Brief
Summary:
Paytm Payments Bank has announced that it will no longer allow credits, deposits, or top-ups into its customers' accounts or wallets after March 15, 2024. However, existing balances will be maintained, and customers can continue to use their debit cards, FASTag, and National Common Mobility Cards (NCMC) for payments.
Key points:
Savings or current accounts will continue to allow withdrawals and transfers up to the available balance.
Deposits and top-ups will not be allowed after March 15, 2024.
Refunds, cashbacks, and interest will continue to be credited into accounts.
Existing customers will not be able to receive salaries or direct benefits transfers into their accounts.
Paytm Payments Bank will no longer allow top-ups or recharging of FASTag and NCMC cards.
Customers with linked accounts with other banks or wallets can continue to make transactions as usual.
Paytm Payments Bank will no longer onboard new customers for its services.
Existing accounts and balances will be maintained, but no new credits or deposits will be allowed.
Note: This summary is derived from the provided document and is intended to provide a brief overview of the key points.
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