Paytm payment bank: Pay anyone

Pay anyone, everywhere. Make contactless & secure payments in-stores or online using Paytm UPI or Directly from your Bank Account. Plus, send & receive money from anyone. As of 2025, Paytm is not banned in India, but the Reserve Bank of India (RBI) has restricted Paytm Payments Bank from accepting deposits, top-ups, or credit transactions after March 15, 2024, due to persistent non-compliance issues. This has led to confusion around the claim that Paytm is banned in India. In reality, only Paytm Payments Bank services are affected, while Paytm’s UPI, wallet, and merchant services continue to function through partner banks . Paytm Payments Bank offers zero balance accounts, digital passbooks, virtual debit cards, and hassle-free banking services tailored for financial inclusion in India. Download Paytm Payments Bank app to open a digital account with no minimum balance and enjoy fast payments, automatic EMI and FD options, and a free Visa debit card. Paytm Payments Bank is trusted by over 30 crore Indians and won the Shrestha Puraskar award in 2023.