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Pending, Failed or succeeded?
Pending means Valve has not received the money but is still hopeful. Failed means that Valve has given up on waiting for the funds. In both cases, the deduction you see is actually a hold placed by your bank.
https://www.creditcards.com/credit-card-news/need-know-credit-debit-card-holds.php
https://help.steampowered.com/en/wizard/HelpWithPurchase
What does yours say?
Keep in mind, we do not care what your bank or your payment processor thinks. We want to know what Steam says.
Is it still pending? Either cancel it or wait.
https://www.dictionary.com/browse/pending
^This.
Say help, help, help, will not make the pending trasnactions goes any faster. If you have a waiting problem, use a better payment option, such as credit card as in Master card, Visa, America express, or etc... Whatever you do, do not do a charge back, or you will have your account locked, and if you don't reverse the chargeback within 90 days, the lock on the account will become permanent. Again link is there to help, if someone that doesn't understand what "permanent" means.
https://www.dictionary.com/browse/permanent
https://support.steampowered.com/kb_article.php?ref=6687-HJVM-8966
Now you wait for the charge to drop off your statement. For more exact times, contact your bank or card company.
Steam still attempting to collect payment since 24 hours, I wonder how long is the stay ?? Money already deducted from my PayTM Wallet and bank account, should I got ahead and cancel the transaction from purchase history and buy again with Credit Card? Or wait for one more day ??? Also CM servers is showing N/A in my city https://steamstat.us/ are they related to payment gateways ?
Also, this is simply how credit cards work. Read up on them if you want to understand the process better.