K Sundaram’s Post

Proactive steps taken by Paytm, including shifting our nodal account to Axis Bank, to ensure uninterrupted merchant settlements. Paytm's dedication toward ensuring a seamless experience for its customers serves as a valuable lesson in prioritizing customer satisfaction. hashtag #paytmkaro #fintechinnovation #businessmindset #fintechstartup #customersatisfaction

#PayTM #VijaySekharSharmaThis is Most Used Images regarding PayTM in Social Media. Again used on 27/02/2024 regading #VSS Step down from PayTM Payment Bank Board What do you Think ????

How RBI’s Halt on Paytm Payments Bank Will Impact Customers? Watch the video to know! #paytm #paytmfastag #bankingregulations #paytmban #paytmcrash #paytmstock #paytmshare #RBIOnPaytm #PaytmPaymentBank #rbi #paytmcrisis #paytmcase #paytmupdate

💥Attention FASTag users! ✨Important update: NHAI Arm Bars Paytm Payments Bank has been barred from issuing new FASTags due to non-compliance with service-level agreements. ✅What does this mean for you? ➡️Existing FASTag customers of Paytm Payments Bank will be unaffected. ✅ ➡️If you were planning to get a new FASTag from Paytm Payments Bank, you will need to look elsewhere. What are your thoughts on this development?👇Tell Me In The Comments

We are delighted to share a glimpse of the show on CNBC_Awaaz titled #Consumeradda where our Managing Partner NILESH TRIBHUVANN spoke on various aspects around Paytm Payment Bank: Why was the action taken on Paytm Payment Bank? RBI may become more strict on Paytm? Why was the action taken against Paytm Payment Bank? Can RBI become more strict on Paytm? Which services of Paytm will be affected? #Consumeradda, #CNBCAwaazInsights #PaytmPaymentBank #Consumeradda #CNBCAwaazInsights #PaytmPaymentBank #RBIandPaytm #FinancialRegulations #PaytmInsights #DigitalBanking #FintechRegulation #BankingSector #FinancialDiscussion #IndustryTalks #TechFinance #AskCNBCAwaaz #FinanceInFocus #InnovativeBanking #DigitalPayments #FutureOfFinance #TechTrends #EconomicInsights #Whiteandbrieflegalinsights

RBI on Paytm: What is allowed, what not? RBI has released a set of Frequently Asked Questions where it has come up with the detailed answers on what will work and what not, once the Payments Bank ceases to operate. From EMIs, OTT subscription linked to Paytm Payment Bank to the merchants using QR code, RBI answers the queries in its statement. Check the details here: Story by Vikas Kumar #paytm #fintechs #fintechnews #reservebankofindia #paytmpaymentsbank #kyc #noncompliance https://lnkd.in/gwgKR9UU

Effective immediately on February 29, Paytm Payments Bank will cease new user registrations. As of this date, individuals who are not currently using Paytm will be unable to create new accounts. Furthermore, existing users will experience a restriction on utilizing Paytm wallets, Fastags, or Mobility Cards. The Reserve Bank of India has taken this decisive action against One 97 Communications, the parent company overseeing Paytm, citing "non-compliance and continued material supervisory concerns in the bank" as the driving force behind the regulatory measures. Contact us: +91 9343390988 | customer.care@mindsync.co.in | www.mindsync.co.in #mindsyncindia #wearemindsync #paytm #RBI #PaytmPaymentsBank #paytmwallet #paytmkaro #legalmetrology #legalmetrologyregistration #modelapproval #business #legalservices #BIS #BIScertificattion #bisfasteners #bisaluminium #compliance #regulatory #BusinessExcellence #compliancemastery #compliancesolutions #CDSCO #CIBRC #bisplywood #pesticidesregistration #medicaldeviceslicense

The restrictions on PAYTM Payments Bank imposed are: # No further deposits, credit transactions, or top-ups are allowed in any customer accounts, prepaid instruments, wallets, FASTags, or National Common Mobility Cards after February 29, 2024, other than any interest, cashback, or refunds.   # No fund transfers, Bharath Bill Pay, and UPI facility should be provided by the bank after February 29, 2024.   # The nodal accounts of One97 Communications Limited and Paytm Payments Services Limited are to be terminated at the earliest, in any case not later than February 29, 2024.   # Settlement of all pipeline transactions and nodal accounts (in respect of all transactions initiated on or before February 29, 2024) should be completed by March 15, 2024, and no further transactions should be permitted thereafter.    

You can still use your Paytm Wallet after Feb 29 2024! However, you won’t be able to credit an additional amount to your Paytm Wallet. Paytm has also officially stated that it will soon move services like Paytm Wallet, FASTags, and NCMC accounts to other banks. To transfer money from your Paytm Payments Bank follow these instructions: Open the Paytm app on your phone > Log in with your phone number and select banking and payment option > Select “to bank account” > Select “your bank account” and enter the amount > Select “Paytm Payments Bank” and authenticate the transaction using pin code. Pls share this with all Paytm Users! Paytm Paytm Payments Bank Google PhonePe #paytm #rbi #googlepay #phonepe #bank #fintech #breakingnews #importantnews #the_amit_rohra #trendingnews

Attention Paytm FASTag Users Important Change Required Over 2 crore FASTag users issued by Paytm Payments Bank will need to cancel their tags and purchase new ones from other banks. Here are the key steps: Cancel your existing Paytm FASTag: Follow the instructions provided by Paytm Payments Bank. Remember to note down your tag ID and any associated balance. Purchase a new FASTag from another bank: Choose a bank that offers FASTag services and complete the application process.