Paytm Payments Bank licence loss threatens EMIs, SIPs, FASTag and OTT auto-debits
Customers face failed auto-debits across EMIs, SIPs, insurance premiums, utility bills, FASTag recharges and OTT subscriptions like Netflix and Prime as Paytm Payments Bank loses its licence. Users have 15-30 days to re-map e-NACH, UPI AutoPay mandates via CAMS and KFintech to avoid penalties.
Paytm Payments Bank losing its licence threatens auto-debits for EMIs, SIPs, insurance, utility bills and OTT subscriptions. Customers must re-map e-NACH, UPI AutoPay mandates and FASTags to other banks before billing cycles to avoid penalties.