Paytm's Shocking Ban: What You Need to Know!
Paytm Faces RBI Sanctions
RBI imposes sanctions on Paytm Payments Bank.
OCL's Strategic Move
OCL expands ties with third-party banks for payments and financial services.
Exclusive Banking Partnerships
Paytm to work only with other banks, excluding Paytm Payments Bank Limited.
Unaffected User Services
User deposits in savings accounts, wallets, FASTags, and NCMC accounts continue without impact.
Seamless Merchant Payments
Offline merchant services like Paytm QR, Soundbox, Card Machine remain unaffected.
Transition Period for Nodal Shift
PPSL shifts nodal to other banks from January 31 to February 29.
Founder's Financial Status
Founder has not taken margin loans or pledged shares directly or indirectly.
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