The Reserve Bank of India (RBI) has directed Paytm Payments Bank to stop accepting fresh deposits in its accounts or popular wallets from March. The order comes as a result of persistent non-compliances and continued material supervisory concerns identified by the RBI. Paytm will comply with the RBI’s directions, but the move is expected to have a significant impact on the company’s earnings before interest, tax, depreciation, and amortization (EBITDA). Paytm Payments Bank will not be able to take fresh deposits, facilitate credit transactions, or offer fund transfers after February 29.