Wondering what will happen to your Paytm FASTag account after March 15? From deactivating your existing FASTag account to switching to a new provider, here's a quick guide that will help you with all your FASTag related queries.
NHAI Paytm: NHAI has removed Paytm Payments Bank Ltd (PPBL) from its list of authorised banks for FASTag service. Paytm Fastags will become inoperative after February 29. Users with Paytm Fastag need to get new RFID stickers. The move is aimed at ensuring that Paytm Fastag users do not face any hassle while using toll roads after the cut-off date.
While no deposits and transfers will be allowed to the Paytm Payments Bank post March 15, the RBI’s guidelines try and ensure that your money will not be lost.
The Reserve Bank of India (RBI) on Friday extended the timeline for services linked to Patym Payments Banks to March 15 from the previous deadline of February 29.
Indian Highways Management Company Ltd (IHMCL), toll collecting authority of state-owned NHAI, has advised highway users to buy FASTags from 32 authorised banks which excludes Paytm Payments Bank.