Rahul Mehta Gandhinagar LsCandidate

if PayTm shuts down, then is balance in PayTm insured by RBI or Govt?
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eg if SBI or ICICI shuts down, then deposits of upto Rs 1 lakh are insured by Govt / RBI .
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Does PayTm have any such cover?
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Because what if owner of PayTm runs away like Vijay Mallya, after moving all depositors money to say China.