Paytm Payments Bank licence cancelled; EMI, SIP and OTT auto-debits at risk

RBI has cancelled Paytm Payments Bank's licence, putting auto-debit mandates for EMIs, SIPs, insurance premiums and OTT subscriptions in jeopardy. PPBL says deposits remain secure and will be refunded, but experts urge customers to migrate mandates to other banks immediately to avoid payment failures.

— Filed Sat, 20 Jun, 2026, 07:54 IST · Source Moneycontrol · Results · Updated

RBI cancelled Paytm Payments Bank's licence, threatening auto-debit mandates for EMIs, SIPs, insurance, and OTT subscriptions. PPBL says deposits remain secure and will be refunded; experts urge customers to shift mandates to other banks to avoid payment failures.

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