Monday, May 4, 2026 2:33 pm
As per the latest RBI guidelines, PayTM Payments Bank (PPB)'s banking licence has been cancelled, and it will no longer be able to process any transactions.
Due to this, all PPB bank accounts will be removed from Upstox.
What this means for you:
If your PPB a/c is linked to Upstox (as primary or secondary bank), your account may be impacted depending on how it is mapped.
Please check your linked bank details and take action if required:
- If PPB is your primary bank for Demat/Trading, update your bank details within 30 days to avoid closure of your Upstox account (Steps)
- If PPB is your primary trading bank, it will be replaced by your Demat account’s primary bank
- If PPB is your secondary trading bank, it will be removed automatically and replaced by your Demat account’s primary bank (no action needed)
To add a new bank account as your primary Demat and Trading account, follow these steps.
Please note:
- Payments, withdrawals, and mandates via PPB are no longer supported
- PPB cannot be added as a new bank account
- Mutual Fund transactions linked to PPB will not go through
- If your SIP is linked to PPB, create a new SIP using another bank
- If you have another bank account linked, submit a bank modification request within 30 days to make it your primary account
In case you need any help, feel free to Contact Us.
Best Regards,
Team Upstox
