This is the final day of reprieve that Paytm Payment Bank received from the RBI until March 15. Paytm Payments Bank and Paytm FastTAG services will both cease operations as of tomorrow. According to the NHAI’s recommendation, obtaining the Fastag from a different bank is advised to prevent any issues at the toll plaza after March 15. After March 15, your Fastag will not be recharged if it is connected to a Paytm wallet.
Will have access to the funds that are currently accessible
Paytm Fastag will cease operations on March 16. You will be required to pay twice the toll amount at the toll plaza if you continue to use your previous Paytm Fastag. It is noteworthy that after the action taken by RBI on Paytm Payments Bank, Paytm Fastag users will not be able to recharge or top-up after March 15, 2024. If you already have money in your Paytm Fastag, you can use it at toll.
The list of banks was made public by NHAI
39 banks and NBFCs are on the list published by National Highways of India (NHAI) to purchase new Fastag. You can obtain a new Fastag for your car from this location. The updated list released by NHAI does not contain the name of Paytm Payments Bank (PPBL). Additionally, commuters will be able to avoid fines or double toll taxes when traveling on national highways, according to an official statement released by NHAI.
We would like
to inform you that Paytm Fastag users will not be able to top up or recharge their balance after March 15, 2024, according to RBI instructions regarding restrictions on Paytm Payments Bank. But they can utilize the current equilibrium to pay the toll after the due date.
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