RBI has published a comprehensive set of Frequently Asked Questions (FAQs) to provide clarity on the functioning of Paytm Payments Bank post the its closure. Here s everything you need to know about FASTag, UPI, Paytm Wallet, saving, current account. - ATTENTION Paytm Payments Bank Account Holders: All Queries On FASTag, UPI, Paytm Wallet Answered; 30 FAQs By RBI
The move is aimed at ensuring that millions of Paytm Fastag users do not face any hassle while using toll roads after the cut-off date, people aware of the matter told ET. The government is apprehensive of the inconvenience that will be caused to Paytm users, they said.
In a social media post, NHAI has put out a list of 32 banks from where commuters can buy FASTags for vehicles. Sources said people who have got Paytm tags need to surrender them and buy new ones from authorised banks for hassle-free travel on NH network.
The road-tolling authority released a list of 32 banks that were authorised to issue new FASTags for vehicles, but Paytm Payments Bank was left off of it, adding fuel to the ongoing controversy following the Reserve Bank of India crackdown.
On January 31, the Reserve Bank directed Paytm Payments Bank (PPBL) to stop accepting deposits or top-ups in any customer accounts, wallets, FASTTags and other instruments after February 29. Highway Toll Collector IHMCL Removes Paytm Payments Bank From List of Banks Authorised To Issue FASTag.