Despite the Reserve Bank of India’s (RBI) directive to Paytm Payments Bank Ltd (PPBL), a 49% stakeholder in OCL, prohibiting it from accepting deposits or top-ups after February 29, CEO Sharma affirmed that Paytm will remain operational

The RBI said that citizens will continue to be able to deposit Rs2000 banknotes into their bank accounts and/or exchange them into banknotes of other denominations at any bank branch up to September 30, 2023