What is an NCMC card, and can users continue to use NCMC cards issued by Paytm Payments Bank after March 15, 2024?
NCMC stands for National Common Mobility Card, which is an interoperable transport card facilitated by the Indian government. Users can continue to utilize NCMC cards issued by Paytm Payments Bank until the available balance is exhausted. However, they won't be able to add funds to these cards after March 15, 2024. Users are advised to obtain NCMC cards from other banks or non-bank prepaid instrument (PPI) issuers before the deadline to avoid inconvenience.
Will it be possible to add funds to NCMC cards issued by Paytm Payments Bank after March 15, 2024?
No, after March 15, 2024, users will not be able to add funds to their NCMC cards issued by Paytm Payments Bank. It's recommended that users obtain NCMC cards from alternative banks or non-bank PPI issuers before the specified date to prevent disruptions.
Can users transfer the balance from their old NCMC cards issued by Paytm Payments Bank to new cards obtained from other banks? The balance transfer feature is not available for NCMC cards. Users can utilize the card until the available balance is exhausted. If there is an unused balance remaining, users may request a refund from Paytm Payments Bank.
Will users still be able to make payments through the Bharat Bill Payment System (BBPS) using their Paytm Payments Bank accounts? Yes, users can continue to make payments through the Bharat Bill Payment System using their Paytm Payments Bank