Thank you so much for your association with Metals Planet . As you know
Metals Planet
provides payment security to buyers and sellers by using Nodal Account as per procedure and
regulations prescribed
by the Reserve Bank of India (RBI).
Due to the change in regulations of RBI for using Nodal Account by
e-commerce marketplace
aggregators our Nodal Account will be active until 31.10.2023 only, for transactions.
From 01.11.2023 the existing Nodal Account will be de-activated for
transactions.
We are exploring and analyzing other suitable options which can handle
buyers' and
sellers’ payments securely and we will update you soon with an alternate secure payment handling
option.
Thank you so much for understanding the situation and cooperation.
