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RBI Extends Deadline for Paytm Payments Bank Restrictions to March 15.

Banking & Finance | Dated: 12 Feb 2026

The Reserve Bank of India (RBI) has extended the deadline for Paytm Payments Bank to stop accepting deposits and credit transactions to March 15, 2026. The earlier deadline was February 29. The extension was granted to minimize inconvenience to customers and merchants.

🎯 Key Highlights:

  • Customers can withdraw or utilize balances without any limit even after March 15.
  • RBI cited persistent non-compliance and supervisory concerns for the restrictions.
  • Merchants using Paytm QR codes linked to other banks can continue operations.

💡 Other Important Facts:

  • Entity: Paytm Payments Bank.
  • Regulator: RBI.
  • New Deadline: March 15.

📚 Test Your Knowledge:

To which date has the RBI extended the deadline for Paytm Payments Bank to cease deposit operations?

Correct Answer: March 15, 2026

🚀 Quick Recap:

About Payment Banks

  • Max Deposit – Rs 2 Lakh
  • Cannot Issue – Credit Cards