Wednesday, 11 January 2017

Paytm wallet is now Paytm Payments Bank Ltd (PPBL)

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Till now Paytm was introduced by One97 company,But now paytm is approved by RBI Bank, So now it became Paytm Payments Bank Ltd(PPBL).

One Month ago Paytm had applied for Approval of PPBL, and some days ago it get approved by RBI. So Now All Paytm Wallets will be continued same as it were working before, but with more power means now, paytm will get 5% interest on Paytm wallet, Paytm wallet limit will also get increased,now we can add upto 1 Lac and also paytm will be introduce Debit/Credit Cards means it will work same as like Real Bank.

Also Read:

Paytm Payments Bank Ltd(PPBL) is 51% of Vijay Shekhar Sharma and 49% is of One97 Communication.
Maybe After some days Paytm Wallet may not work because of they have converted into Bank and introduced new features; But Paytm Website will work same as before.

Please Note : There are some rumors that, "Paytm wallet will not work after 15 January so Transfer your Wallet balance to Bank" So Don't Believe on That.
No changes will be done on wallet even balance will be same as before, don't take any tension at all.

Frequently Asked Questions (FAQs):

Q. What happens to my current Paytm Wallet?

A. It will be transferred to the Paytm Payments Bank Limited as it is, i.e. KYC Wallet as KYC Wallet and minimum KYC Wallet as minimum KYC Wallet

Q. What happens to my money in the Paytm Wallet?

A. Your money is absolutely safe in the Paytm Wallet. It is always yours and you will never lose it. If you have any balance in your current Paytm Wallet, it will reflect in your new Paytm Payments Bank Wallet
If your Wallet has been inactive for the last six months and has zero balance, it won’t be transferred to the Paytm Payments Bank Wallet unless you specifically give consent for the same while logging into the app, web or by e-mail.

Q. Does this mean, I get a bank account with Paytm Payments Bank?

A. No. This is just a transfer of ownership of wallet to a new company called Paytm Payments Bank Ltd. Once we launch the bank, you will be given an option to open a separate bank account with us
Q. Can I move my money to any other Bank from Paytm Payments Bank Wallet?

A. Yes, you would be able to send money to any bank account from your Paytm Payment Bank Wallet.

Q. Is it mandatory to open an account with Paytm Payments Bank once it is launched, to continue using the wallet?

A. You are not required to open an account with Paytm Payments Bank to use the wallet.

Q. Can I opt out?

A. In case you choose not to continue to enjoy the benefits of your Paytm Wallet, please email us at or log in to to notify your choice of opting out and redeeming your balance by a one time transfer to your own bank account. Do indicate the account holder’s name, account number and the IFSC Code of the Bank where you wish to redeem the money.

Q. Do I have to pay any fees for this transfer?

A. You do not have to pay any fee for this transfer.