The Reserve Bank of India (RBI) on January 31, 2023, ordered Paytm Payments Bank Ltd. (PPBL) to cease accepting deposits and allowing credit transactions from February 29, 2024. Further no top-ups, in customer accounts or prepaid instruments - such as wallets and FASTags - linked to those accounts are permitted. Customers can, however, continue to utilise balances from their accounts, including savings and current "without restriction (and) up to their available" limit, the Reserve Bank order said.