Before March 15, the center requests that Paytm FASTag users switch platforms. On Wednesday, March 13, 2024, the National Highways Authority of India (NHAI) issued a recommendation for Paytm FASTag subscribers to move from other banks to FASTag.
The goal of the action is to guarantee a smooth traveler experience and prevent annoyance at toll booths. Users are asked to comply by Friday, March 15, 2024, as requested by NHAI.
In accordance with regulations imposed by the Reserve Bank of India on Paytm Payments Bank, Paytm FASTag customers will not be able to top up or recharge their balances after March 15, 2024. After this date, they can still use their current balances to pay for tolls.
Users are urged to get in touch with their respective banks or consult the FAQs on the IHMCL website if they have any questions or need assistance using Paytm FASTag.
The NHAI emphasized how crucial it is to take preventative action in order to guarantee hassle-free travel on the nation’s National Highways.
Paytm Payments Bank Ltd (PPBL) was not included in the most recent list of banks and financial institutions that the transportation authority authorized to issue FASTags.
Axis Bank Ltd., Airtel Payments Bank, Bandhan Bank, Bank of Baroda, Canara Bank, HDFC Bank, ICICI Bank, IDFC First Bank, IndusInd Bank, Kotak Mahindra Bank, Punjab National Bank, State Bank of India, and Yes Bank are among the 39 organizations that have been added to the updated list.
The update’s goals are to provide car owners additional choices and make the switch to the electronic toll collection system easier.
It is advised that current Paytm FASTag owners seek a reimbursement from the company for their security deposit.
This can be accomplished by getting in touch with Paytm FASTag customer support, choosing the option to permanently delete the FASTag, and going through the closure procedure, which entails taking off the FASTag from the car’s windshield and putting a picture onto the Paytm app.
