Why did RBI ban Paytm? What happens to your money

Money Laundering Concerns And KYC Non-Compliance Led To Ban On Paytm Bank By RBI
The RBI bans Paytm Payments Bank over money laundering and KYC non-compliance issues, halting deposits and credit transactions. This crackdown follows irregularities in KYC practices and multiple accounts linked to single PANs, raising serious concerns.

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