Can you continue to pay utilizing your Paytm FASTag?
These FAQs handle the minimal quantity crucial in FASTag accounts and the way safety deposits are reimbursed
Paytm Funds Financial institution Ltd (PPBL) launched a listing of steadily requested questions (FAQs) for its customers on Friday. These FAQs handle the minimal quantity crucial in FASTag accounts and the way safety deposits are reimbursed. The FAQs state that from March 15, Paytm Funds Financial institution will not settle for deposits or top-ups for FASTags. The Reserve Financial institution of India (RBI) notes that buyers utilizing PPBL FASTags can nonetheless utilise the funds of their accounts to pay tolls after March 15.
Are you able to withdraw cash out of your Paytm Funds Financial institution financial savings or present account after March 15, 2024? Are you able to proceed to make use of the Paytm Funds Financial institution debit card that you simply had been issued?
As per the financial institution, after March 15, 2024, the RBI will not settle for new deposits into the Paytm Funds Financial institution Account or allow credit score transactions. As much as the accessible quantity in your account, you should still use, withdraw or switch cash from it. Likewise, you’ll be able to preserve making withdrawals or transfers utilizing your debit card as much as the quantity that’s accessible in your account.
After March 15, 2024, would it not nonetheless be doable to deposit or switch funds into your Paytm Funds Financial institution present account or financial savings checking account?
After March 15, 2024, Paytm Funds Financial institution isn’t permitted by an RBI mandate to absorb new deposits or course of credit score transactions. Crediting is allowed for cashback, curiosity, sweep-ins from accomplice banks, and refunds although.
In case your wage is credited to your Paytm Funds Checking account, can you continue to get it there?
You’re free to spend, withdraw or switch cash out of your account as much as the accessible quantity, in line with the financial institution. Nevertheless, with a purpose to assure a seamless transition and stop any difficulties, it’s suggested that you simply make alternate preparations with a special financial institution by March 15, 2024.
Can you continue to get authorities subsidies or sure direct profit funds into your Paytm Funds Checking account which might be linked to your Aadhar?
Solely the accessible steadiness could also be used, withdrawn, or transferred out of your account. You will need to make alternate preparations with a special financial institution by March 15, 2024.
Are you able to proceed to pay your month-to-month OTT subscription routinely through UPI out of your Paytm Funds Financial institution checking account?
Automated UPI mandates for withdrawals or debits will proceed so long as your account has enough funds.
If you’re to obtain a reimbursement within the account that you’ve with Paytm Funds Financial institution after March 15, 2024, will that refund get credited to your account?
Certain. Even after March 15, 2024, refunds for transactions comprised of wallets, financial savings accounts, present accounts, cashbacks, sweep-ins from accomplice banks, and curiosity are allowed credited into your Paytm Funds Financial institution Account.
Can you retain making computerized funds of your mortgage’s installments (EMI) utilizing your Paytm Funds Checking account?
Mandates for withdrawals or debits, resembling these from the Nationwide Automated Clearing Home (NACH), shall be carried out till your account steadiness is exhausted.
Are you able to proceed to have your mortgage’s computerized month-to-month funds (EMI) made utilizing a checking account aside from Paytm Funds Financial institution?
EMIs which might be registered with banks aside from Paytm Funds Financial institution are nonetheless eligible to be paid.
