Reserve bank of india (RBI) has issued Frequently Asked Questions (FAQs) addressing concerns related to paytm Payments bank after imposing a ban on deposits. Here are the answers to various questions:
Q: Can I do UPI and IMPS in paytm Payments bank account after march 15?
A: No, you will not be able to transfer money to your account after march 15.
Q: Can I withdraw money from paytm Payments bank account through UPI and IMPS after march 15?
A: Yes, you will be able to withdraw money from your account.
Q: Can I make payment through Bharat Bill Payments System (BBPS) after march 15 using paytm Payments bank account?
A: Yes, you can use the money deposited in paytm Payments bank account for bill payment. But, you will not be able to deposit money in your account or wallet. Consider using another bank account for BBPS before 15th March.
Q: Can I withdraw money from paytm Payments bank account after march 15 using biometric Payment System (AePS Authentication) through aadhar Card?
A: Yes, you can withdraw the money deposited in paytm Payments bank account through this system.
Q: I have a National Common Mobility Card (NCMC Card) issued by paytm Payments Bank. Can I use it even after march 15?
A: Yes, you can use the NCMC card. But, you will not be able to top it up after march 15. To avoid inconvenience, use a card issued by another bank.
Q: I have a National Common Mobility Card issued by paytm Payments Bank. Can I top up or recharge it after march 15?
A: No, you will not be able to top up or recharge the NCMC card after march 15. To avoid inconvenience, use a card issued by another bank.
Q: Can I transfer the balance of the National Common Mobility Card issued by paytm Payments bank to any other bank NCMC card?
A: No, there is no balance transfer facility in the NCMC card. Use the money deposited in it. If a balance remains, a refund can be requested from paytm Payments Bank.
click and follow Indiaherald WhatsApp channel