Paytm has been completely banned because of the non-compiled version. China link Money laundering, RBI bans Paytm Payment Bank from onboarding customers, Paytm Payments Bank ban by RBI. Will Paytm stop working? Paytm to stop working after Feb 29?
Why Paytm Banned by RBI 2024?
Brother, paytmbank.com cannot add any kind of new customers in the paytm2 app 2024 after 12:00 midnight because till that time the situation will continue as it is but after that as I am telling you there will be a restriction. The first restriction given is that you cannot receive money from your account, neither online nor through a card, nor IMPS, UPI, or PPI.
Neither paper nor taper means that there will be no deposit or credit in it and it will not be in the wallet too, that is, your brother cannot come to your paytmfirstgames.com till the night of 29 February 2023, but your paytmfirstgames.com bank and non You cannot add new money to paytmbank.com or your wallet. Enjoy using the money you have.
Why is all this bhangra happening?
All this bhangra is happening because RBI feels that you are And you are coming to meet someone else and we are waiting for you here, unfaithful, unfaithful, this seems to be a simple case of money lending, there seems to be a connection with China, it first started with paytm2 in November 2017, but only after 1 year.
Since December 2018, he started violating KYC rules, brother, this net worth is the limit of 100 crores, and they were keeping less than that, the end-of-the-day account had a balance of 1 lakh, and they were keeping even less than that. What were you doing? RBI said, look brother, straighten up, this will not work, first give clarification on this and don’t make new customers for now, I am telling you, brother, you have not given any fiction here and kept on denying that it is like that, it is like that. Yes, you quietly removed your matter, it has been three years but RBI felt that hey, so they conducted an audit again on March 11, 2022, and there is a very strange thing here.
There was a discussion brother, about the data they were sharing, to whom they were sending it, where they were sending the money, there was no proper clarification about it, which means they were violating the data storage rules, where the data was going, to whom it was going and how it was going. Another dangerous thing happened here brother, RBI checked that his relation is with China Group, somewhere there is some case of money laundering because of Vijay Shekhar Sharma which is a mess.
Bhaiya Daya Bhai, RBI’s suspicious girlfriend woke up and that Bhaiya was doing something behind my back after they got another audit done which was It was on October 12, 2023. Here too, they were violating the rules of the cyber security framework. They were not able to tell who is the owner of the payout of any transaction, where is the IP address, even in SMS. Even was delaying in reporting the cyber security fraud cases that had taken place. Brother, they were also delaying, RBI got crazy, and they paid.
Anna Saheb, but it is a cooperative bank, he also put Rs 4 lakh on it, but here all the money is on paytmbank.com and here this case continued, the audit continued, and then on 31 January 2023 And even today, the end of the day limit of ₹ 1 lakh was not being maintained, brother, the mood of RBI was completely spoiled, brother, it has increased the limit on 31st January 2023 to 11th March. Taking reference to the case, brother, Paytm has been completely banned because of the non-compiled version.
According to India Today
FAQ’S Ending of paytm
Q1: What is the clear signal in RBI’s restraint on Paytm Bank?
Ans: If you just have one commercial bank account, I advise you to use paytm as well since occasionally banks change their offerings, which causes servers to go down (for instance, canara). If you want free upi, neft, and imps services, however, you should use paytm bank as well. Personally, I use Paytm Bank for UPI more frequently. It’s for upi applications support.
Quick and hassle-free service. Paytm doesn’t take as long as Canara Bank.
This account provides assistance for a simple existence.
Since you already have a card from a commercial bank, don’t choose a physical one.
Maintain a low stance.
Q2: Why does my Paytm account not accept my credit card?
Ans: It is usual to wonder why you need to use a credit card to add money to your wallet when you already have a merchant account. People use merchant accounts only to increase the reward points on their credit cards. However, when you charge them a ₹0 transfer fee to transfer money to banks and PayTM, they discover loopholes. As a result, PayTM blocks these merchant accounts or disables the ability to use credit cards to add money to wallets.
As a result, merchant accounts are no longer permitted to add money using credit cards.Avoid using your credit card to add money to your merchant account; if you do, the PayTm algorithm will quickly discover it.Make sure to activate on a different cellphone number if you truly do have a legitimate merchant account (do you get what I mean).
Q3: Why is Paytm running in loss?
Ans: Indeed. In FY18, Paytm recorded a loss of Rs. 1490cr. Positively, though, the market’s overall income grew fourfold. Its workforce also grew by about 40% to 50%. And its creator brings home a 3Cr bundle. All of this while claiming thousands of crores in losses. Where then do these losses originate?
Similar to how others have responded, consumers can receive discounts. Third-party vendors that Paytm paid during its expansion [such as doorstep KYC, KYC equipment, and vendor incentives] as well as bank licensing and other bank costs that are deducted from users and returned to them as Paytm cashback.