The National Highway Authority of India (NHAI) has removed Paytm Payments Bank Ltd (PPBL) from its list of approved issuers for FASTag service. Here is the full list of authorized banks that are eligible to issue FAstags.
In accordance with RBI recommendations on Paytm Payments Bank limits, NHAI advises Paytm FASTag customers to switch to another bank's FASTag by March 15.
"Travel hassle-free with FASTag! Buy your FASTag today from below authorised banks," Indian Highways Management Company (IHMCL), the electronic tolling arm of National Highways Authority of India (NHAI), said on its official X (formerly Twitter).
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I have a FASTag issued by Paytm Payments Bank. Can I continue to use it to pay toll after March 15, 2024?
Yes. You can continue to use your FASTag to pay toll upto the available balance. However, no further funding or top ups will be allowed in the FASTags issued by Paytm Payments Bank after March 15, 2024. It is suggested that you procure a new FASTag issued by another bank before March 15, 2024 to avoid any inconvenience.
I have a FASTag issued by Paytm Payments Bank. Can I recharge the balance after March 15, 2024?
No. After March 15, 2024 you will not be able to top-up or recharge your FASTag issued by Paytm Payments Bank. It is suggested that you procure a new FASTag issued by another bank before March 15, 2024 to avoid any inconvenience.
Can I transfer the balance from my old FASTag issued by Paytm Payments Bank to a new FASTag obtained from another Bank?
Credit balance transfer feature is not available in the FASTag product. Therefore, you will have to close your old FASTag issued by Paytm Payments Bank and request the bank for a refund.
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