Learn how to transfer your Paytm Fastag to another bank as RBI announces that Fastags are not interoperable. Find step-by-step instructions to deactivate your Paytm Fastag account and buy a new Fastag online. Get all the details here.
The Reserve Bank of India had few days ago issued a crucial directive to Paytm Payments Bank (PPBL) ordering the lender to cease taking deposits or top-ups in any user accounts, wallets, FASTTags, and other instruments after February 29.
The FAQs on Paytm is not likely to offer any indemnity for banks taking up the PPBL accounts. RBI is also not expected to specify its approval or disapproval of banks making any business decisions to work with PPBL
Union Minister Nitin Gadkari had earlier unveiled plans to replace traditional toll plazas with advanced GPS-based toll collection systems across the country.