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Feb 02, 2024
By: Bhumi Shrivastava
Effective February 29, 2024, Paytm Payments Bank will halt all debit and credit transactions, causing a significant operational shift.
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Post-February 29, vital services like fund transfers, bill payments, and UPI facilities will cease, impacting users' financial interactions.
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Users reliant on Paytm wallet services will face disruptions, affecting their everyday financial transactions.
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Fastag top-ups and sub-wallet transactions will stop, inconveniencing users accustomed to these services.
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Despite the restrictions, services related to the stock market and mutual funds remain unaffected, offering stability.
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Loans obtained through Paytm remain unaffected, providing borrowers with continuity in financial obligations.
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New deposits will cease after February 29, prompting existing users to act promptly to manage their accounts.
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