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RBI cancels Paytm Payments Bank licence what happens to your money next
Business
Published on 27 April 2026
Refunds will follow a court monitored winding up
The RBI has revoked Paytm Payments Bank’s licence under Section 22(4) of the Banking Regulation Act. The bank can’t carry out banking business anymore, but both the RBI and Paytm say it has enough liquidity to repay depositors. Refunds for savings accounts, wallets, FASTags, and NCMC cards will be handled through a court-monitored winding-up process.
- RBI revoked Paytm Payments Bank’s licence under Section 22(4)
- Banking operations are stopped, but liquidity for payouts is confirmed
- Refunds for deposits and linked services will move via court monitored winding up
- Savings accounts, wallets, FASTags, and NCMC cards are covered
Read the full story at Republic
This summarization was done by Beige for a story published on 
Republic