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On Wednesday evening, RBI issued a circular wherein it banned the Paytm Payments Bank Ltd from accepting any new monies into its Payments Bank accounts, digital wallets, and even FASTags. No deposits, no top-ups, nothing can happen after the 29th of February. However, customers can still withdraw their balances and spend money in their wallets freely.

Paytm’s stock crashed by almost a whopping 40% due to an order by the RBI!

Paytm’s stock crashed by almost a whopping 40% due to an order by the RBI!

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