Media Release
Advisory to Investors
Investors’ attention is drawn to recent regulatory action announced by the Reserve Bank of India vide its press releases dated January 31, 2024, and February 23, 2024 whereby they have put restrictions on Paytm Payments Bank Ltd., on further deposits, credit transactions, or top-ups to customer accounts, prepaid instruments, wallets, FASTags, NCMC cards, etc., effective March 15, 2024, with exceptions for interest, cashbacks, or refunds.
Investors are hereby informed that these restrictions may impact securities market transaction of those investors who have registered bank accounts of only Paytm Payments Bank Ltd., with their Trading members. In view of the same, investors are advised to review their current banking arrangements and add additional bank accounts with other bank to avoid any impact on transactions on account of the aforementioned RBI directive.
Issued in investor interest.
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Media Contact
Santanu Chakraborty
022 2272 8516
Santanu.Chakraborty@bseindia.com