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.
The National Highway Authority of India has made a significant move by removing Paytm Payments Bank Ltd (PPBL) from its list of 30 authorized banks for
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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.
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.