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Feb 02, 2024

Will Paytm Stop Working?

By: Bhumi Shrivastava

Effective February 29, 2024, Paytm Payments Bank will halt all debit and credit transactions, causing a significant operational shift.

Transaction Cease Date 

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Post-February 29, vital services like fund transfers, bill payments, and UPI facilities will cease, impacting users' financial interactions.

Services Affected

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Users reliant on Paytm wallet services will face disruptions, affecting their everyday financial transactions.

Wallet Disruptions

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Fastag top-ups and sub-wallet transactions will stop, inconveniencing users accustomed to these services.

Fastag and Sub-Wallets

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Despite the restrictions, services related to the stock market and mutual funds remain unaffected, offering stability.

Stock Market and Mutual Funds 

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Loans obtained through Paytm remain unaffected, providing borrowers with continuity in financial obligations.

Loans Through Paytm

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New deposits will cease after February 29, prompting existing users to act promptly to manage their accounts.

Deposit Limitations 

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