How to link your bank account on Paytm app to get a new UPI ID

The National Payments Corporation of India (NPCI) has allowed Paytm to take in new Unified Payments Interface (UPI) users after following guidelines, according to the fintech company.

The NPCI said it had received a letter from One97 Communications, which operates Paytm, dated August 1, 2024. In this letter, One97 requested approval to resume “onboarding” new UPI users on the Paytm app, a process that had been halted in compliance with regulatory directives on January 31 and February 16.