The Reserve Bank of India extends the deadline for Paytm Payments Bank services to March 15, from the previous February 29.

Apex bank says that the decision was taken keeping in a view of larger public interest including the merchants.

It clarifies that the customers can make deposits, credit transactions, prepaid services, wallets, FASTags, National Common Mobility Cards till March 15, 2024.

According to RBI no further deposits or credit transactions or top-ups shall be allowed in any customer accounts, after March 15, 2024.

Earlier, the RBI disallowed the Paytm subsidiary from accepting further deposits or accounts from February 29.