Transfer Issue due to Paytm Payments Bank Closure
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Posted on
May-07-2024
11:11 PM
Guidance Requested: Transfer to Inactive Paytm Payments Bank Account Hi PayPal Community, I need some assistance and I hope this is the right place to ask. Here’s my situation - I recently received a payment of $176 through PayPal. Normally, any funds in my PayPal automatically get transferred to my Paytm Payments Bank account. However, it slipped my notice that as per recent RBI directives, the Paytm Payments Bank has suspended its services. It’s been six days since the transfer and the funds haven't appeared in what is now an inactive Paytm account. Could someone guide me on how to deal with this issue? Is there a way to recall the funds back to PayPal or redirect them to an alternate bank account? Really counting on the community’s experience and wisdom on this one. Thanks a bunch!
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