Paytm payment bank: As of 2025

As of 2025, Paytm is not banned in India, but the Reserve Bank of India (RBI) has restricted Paytm Payments Bank from accepting deposits, top-ups, or credit transactions after March 15, 2024, due to persistent non-compliance issues. This has led to confusion around the claim that Paytm is banned in India. In reality, only Paytm Payments Bank services are affected, while Paytm’s UPI, wallet, and merchant services continue to function through partner banks . Download Paytm Payments Bank app to open a digital account with no minimum balance and enjoy fast payments, automatic EMI and FD options, and a free Visa debit card. Paytm Payments Bank is trusted by over 30 crore Indians and won the Shrestha Puraskar award in 2023. Paytm Payments Bank offers zero balance accounts, digital passbooks, virtual debit cards, and hassle-free banking services tailored for financial inclusion in India. Paytm Payments Bank (PPBL) was an Indian payments bank , founded in 2017 and headquartered in Noida. [3] In the same year, it received the license to run a payments bank from the Reserve Bank of India and was launched in November 2017. [4][5][6] In 2021, the bank received a scheduled bank status from the RBI. [7][8]