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RBI Cancels Paytm Payments Bank License Shutting Fresh Deposit Access Now Ends Operations
Business
Published on 24 April 2026
RBI barred deposits in 2024, now the end arrives
RBI has cancelled the license of Paytm Payments Bank after previously barring it from accepting fresh deposits since 2024. The decision signals the bank can’t continue operations as it did earlier, putting its account holders and associated services in focus. The RBI action follows heightened regulatory scrutiny of payment banks and their compliance obligations.
- RBI cancelled Paytm Payments Bank’s license
- Fresh deposits were already stopped since 2024
- Operations are likely to wind down for the bank
- Account holders and services face changes
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Office Chai