Bank deadline for Paytm Payments today: Paytm Fastag, Soundbox, QR code, and the Paytm app are all functional and not

Today, March 15, is the deadline for Paytm Payments Bank to cease operations. The fintech startup One97 Communications Limited (OCL), which runs Paytm, was granted permission by the National Payments Corporation of India (NPCI) to participate in UPI as a Third-Party Application Provider (TPAP) under the multi-bank model only one day before on March 14. With this arrangement, current users and merchants will be able to carry out AutoPay mandates and UPI transactions without any problems. All of this is functional and not only for PayTM subscribers.

Will the Paytm app and related services remain operational after March 15th?
Yes, customers won’t experience any disruptions when utilizing the Paytm app’s services.
Will the Paytm QR code, Soundbox, and card readers keep working without a hitch?
Yes, the card machines, Soundbox, and Paytm QR codes are still completely functional. For the millions of consumers and businesses that depend on these services for everyday transactions, this guarantees continuous convenience.
Can I still use the Paytm App for all other services, including purchasing tickets for movies, events, and transportation (bus, rail, or metro)?
The Paytm app continues to function normally for all other services, such as movies, events, and reservations for transportation (bus, rail, metro, and airplane) tickets.
Can I keep using the Paytm App to pay my utility bills, reload my phone and internet, and use other services?
Through the Paytm app, users can effortlessly pay all of their utility bills (gas, electricity, water, and internet) and recharge their smartphones, DTH, or OTT subscriptions.
Can I still take advantage of the Paytm Deals restaurant offers?
Yes, Paytm Deals will function as they always have, even after March 15. Users won’t experience any interruptions as they take advantage of all the deals and discounts.
Can I use the Paytm app to schedule a cylinder and pay my apartment’s electricity and piped gas bills at the same time?
Indeed, you are free to keep using the same
Will the Paytm app allow me to purchase insurance and use it to pay my premiums?
Yes, consumers may still purchase new insurance plans for their cars, bikes, health, and other needs. They can even use the Paytm app to make premium payments.
Can I purchase a FASTag or top up my other bank’s FASTag using the Paytm app?
Indeed, we now provide HDFC Bank FASTags on the Paytm app, in addition to other associated banks’ FASTag recharges. Paytm Payments Bank FASTags cannot be bought, but you may recharge them before March 15th and utilize the remaining amount till it runs out.
Are my NPS, mutual fund, and equity investments secure?
Yes, clients’ Paytm Money investments in stocks, mutual funds, or NPS are performing as intended. Paytm Money Limited is completely compliant and governed by SEBI.
Can I still use the Paytm app to purchase or sell gold?
Yes, you may still use the app to purchase and trade digital gold. Additionally, MMTC-PAMP protects your Paytm Gold investments, and they are operational.
Can I use the Paytm app to pay my credit card bill?
Yes, you may keep making the same payment.
Will Paytm UPI services be available after March 15th?
The National Payments Corporation of India (NPCI) has received advice from the Reserve Bank of India (RBI) to verify Paytm’s third-party application provider (TPAP) license. We’re collaborating with NPCI, and we’ll update you.
Will my financial affairs be handled amicably?
Up to March 15, 2024, the settlement in your current Paytm Payments Bank Ltd. account will go through without any problems. It is possible to remove the account balance even after March 15, 2024.
To guarantee smooth settlements, we advise you to switch your settlement account in the Paytm for Business app from Paytm Payments Bank Ltd. to any other savings or current account you own with other banks.
How may retailers switch from PPB to a different bank for their settlement bank account?
By accessing the ‘Change settlement account’ page via the business profile or settlement settings option on the left menu, merchants are able to modify the settlement account. Next, choose the settlement account’s modify button. The last step allows them to create a new bank account and provide the required information, or they may pick an existing account, click save, and enter OTP.