RBI Ban on Paytm Payments Bank and Its Implications for FASTags

Last updated: 05 February 2024

Reserve Bank of India (RBI) has imposed restrictions on Paytm Payments Bank, prohibiting it from accepting deposits or top-ups in any customer account, including FASTags, after February 29, 2024. This regulatory measure follows a comprehensive system audit report and subsequent compliance validation
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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