Signing up customers by trick

RBI has told Paytm Payments Bank to stop adding new customers with immediate effect. RBI has made certain observations about the process Paytm Payments Bank follows in acquiring new customers and its adherence to KYC norms.

Be careful everyone! more  

View all 12 comments Below 12 comments
When government is opening the flood gates to the outside world, is it not necessary that some restrictions are imposed ????? more  
Paytm being the first when demonetization happened made a lot of money during the time and continues to do so. Their claim of money back comes with a lot of conditions which the normal people do not qualify for. Its all tremor without any substance. more  
I failed to understand why payTM and like others are being given so important. more  
To stop cash transactions which the rich, well mostly all,
use their black money for. more  
PayTM is owned by MNC with China link. Every Indian should switch over to BHIM, SBI-Buddy etc. to save themselves. more  
I too agree with you more  
The actual fact is that RBI found that some customers were depositing Rs one lakh and above in the PAYTM Bank, and that that money was being used to give "additional credit" and offering more discounts to those people. The rest of what you have all written the liability clause mentioned also, is standard to any contract with any bank also; YOU MUST NOTE THAT THIS CLAUSE HAS BEEN DECLARED AS NULL AND VOID in all transactions on the grounds of equity ( not shares), and that no one can sign away their rights, even in the case of commercial transactions. more  
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