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RBI cancels Paytm Payments Bank license What happens next to your wallet and Paytm app
Economy
Published on 27 April 2026
Your Paytm app may stay active even as the bank ends
The RBI has formally cancelled Paytm Payments Bank’s license, ending a process that started in 2022. The bank is now moving into winding-down, with repayments for depositors and wallet users. Key relief: your Paytm app and its payment services operate under a different license, so they are expected to continue functioning.
- RBI cancellation formally ends Paytm Payments Bank’s operations
- Winding-down process is underway following a 2022 start
- Depositors and wallet users will be repaid
- Paytm app and payment services run on a separate license
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times