By Admin 
Ever since RBI took action on Paytm Payments Bank, there is a lot of confusion in the minds of people. Well, the question is that if the payment bank is closed, will Paytm wallet also be closed? Will payment not be possible through UPI? If similar questions are coming in your mind then here you will get the answers to all your questions.
What all stopped?
Actually, Paytm app has not stopped. The action was taken on Paytm Payments Bank. After this the bank could not add new customers and some banking services were banned. However, this does not mean that the Paytm app or UPI service stopped completely.
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Will Paytm Wallet work?
If you already have money in your Paytm wallet, you can spend it. However, some services related to adding new money to the wallet may change from time to time as per RBI instructions. Therefore, definitely get information about the latest rules from the official update of the wallet.
What was the impact on UPI payment?
If you use UPI through the wallet app, then in most cases you do not need to worry. Paytm has continued its UPI service by partnering with many other banks. That means you can make payment, send money and also take money by scanning QR like before.
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What if the bank account is linked?
If your UPI is linked to any other bank account, like SBI, HDFC Bank, ICICI Bank, Axis Bank or any other bank account, then your UPI service will continue to work normally. The action of Paytm Payments Bank has no direct impact on such users.
Can we create a new wallet?
The rules related to wallet keep changing from time to time. Therefore, before opening a new wallet or adding balance to the wallet, please check the latest information on Paytm app or official website.
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What do you have to do?
If your UPI is working properly then there is no need to do anything. But if your bank account was earlier linked to Paytm Payments Bank, then it would be better to link it to some other bank account. This will not cause any problem later.