Paytm FASTag Users Beware:- NHAI's Latest Move and Your Toll Payments

Paytm Payments Bank, the biggest FASTags issuer with millions of users, has been banned. Due to this regulatory action, the National Highways Authority of India (NHAI) has removed Paytm Payments Bank Ltd from the list of 30 authorized banks for providing FASTag services. NHAI has issued an updated list of authorized banks for FASTag services that excludes Paytm Payments Bank. Airtel Payments Bank, HDFC Bank, ICICI Bank, and State Bank of India are among the prominent banks that are now included in the list of authorized banks for FASTag services. This regulatory action has left around 2 crore users of Paytm FASTag in trouble.

What is FASTag?

FASTag is a digital payment system that uses Radio Frequency Identification (RFID) technology to automatically deduct toll charges from the prepaid or savings account linked to it. All vehicles must have a FASTag to pass through toll plazas on national highways. All vehicles must have a FASTag to pass through toll plazas on national highways.

To use Fastag, you will have to create an account with a different bank, as it cannot be used with Paytm Payments Bank. If you already have a Fastag account with Paytm, you will need to delete it before creating a new one with another bank. To help you with the process, we have provided a step-by-step guide on how to delete your Fastag account. Additionally, we have also included information on how to switch your account to another bank. FASTag has revolutionized the toll payment process by eliminating the need for manual toll collection and providing smooth travel experiences for commuters.  

To use Fastag, you will have to create an account with a different bank, as it cannot be used with Paytm Payments Bank. If you already have a Fastag account with Paytm, you will need to delete it before creating a new one with another bank. To help you with the process, we have provided a step-by-step guide on how to delete your Fastag account. Additionally, we have also included information on how to switch your account to another bank. FASTag has revolutionized the toll payment process by eliminating the need for manual toll collection and providing smooth travel experiences for commuters.  

These banks are included in the list

The National Highway Authority has released a list of authorized banks to provide the 'FASTag' service. The list includes the following banks: Union Bank of India, Thrissur District Co-operative Bank, South Indian Bank, Saraswat Bank, Nagpur Nagarik Co-operative Bank, Kotak Mahindra Bank, Karur Vysya Bank, J&K Bank, IndusInd Bank, Indian Bank, IDFC First Bank, Fino Bank, Equitable Small Finance Bank, Cosmos Bank, City Union Bank Limited, Central Bank of India, Canara Bank, Bank of Maharashtra, AU Small Finance Bank and Axis Bank.


Following NHAI's directive, it is recommended that commuters obtain FASTags from authorized banks. NHAI has emphasized the importance of getting a FASTag from a recognized institution to travel without any hassle on national highways. People currently using FASTags linked with Paytm are advised to surrender them and obtain new ones from an authorized bank.

"What actions should Paytm Fastag users take?"

Firstly, you need to log in to the FASTag Paytm portal using your User ID, Wallet ID, and Password. Once you have successfully logged in, provide the necessary information for verification and click on the Help & Fastag option. From there, you can update your Fastag profile by selecting the relevant queries and choosing your preferred Fastag band.

Following NHAI's directive, it is recommended that commuters obtain FASTags from authorized banks. NHAI has emphasized the importance of getting a FASTag from a recognized institution to travel without any hassle on national highways. People currently using FASTags linked with Paytm are advised to surrender them and obtain new ones from an authorized bank.

"What actions should Paytm Fastag users take?"

Firstly, you need to log in to the FASTag Paytm portal using your User ID, Wallet ID, and Password. Once you have successfully logged in, provide the necessary information for verification and click on the Help & Fastag option. From there, you can update your Fastag profile by selecting the relevant queries and choosing your preferred Fastag band.

 If you want to port your Fastag from Paytm to another bank, you will need to find out the customer care number of that bank and match it with your account. In addition, if you are considering switching to another bank, you will need to provide complete information and follow the necessary process with all the required details.

 

The Reserve Bank of India (RBI) has recommended that customers and merchants who have accounts with Paytm Payments Bank Ltd (PPBL) should switch to other banks by March 15. This will give PPBL an additional 15 days to wind down most of its operations, including deposit and credit transactions.