Paytm Payments Bank customers can use basic services till March 15

The Reserve Bank of India (RBI) Friday extended the deadline on ordinary banking services for the customers of Paytm Payments Bank (PPBL) to March 15, but it didn’t ease any of the earlier announced curbs that were set to be deployed on March 1 on the entity part-owned by One97 Communications.

The banking regulator, which had said during its monetary policy review meeting on February 8 that it would soon come out with clarifications on the curbs originally announced on January 31, said Friday that customers using PPBL services can continue to top up, transfer funds and make payments through those accounts until March 15, beyond which all those services will stop.