As of April 24, 2026, the Reserve Bank of India (RBI) has cancelled the licence of Paytm Payments Bank Limited (PPBL) due to persistent non-compliance and supervisory concerns. This bans the bank from operations, but the Paytm app, UPI payments, and QR code services will continue to function through other partner banks.

Key Details of the Action:

What You Should Do:

Withdraw/Move Funds: Move money from your Paytm Payments Bank account or wallet to another bank account.

FASTag: Replace your Paytm Payments Bank FASTag as it will stop working.

UPI: Ensure your UPI is linked to a different bank account.

Disclaimer: This information is based on reports regarding the RBI action on April 24-25, 2026.