New Delhi: Paytm has been in the news for quite some time and in a latest news development, the Reserve Bank of India (RBI) had asked the Paytm Payments Bank to wind down the operations and the initial deadline for the same was February 29, 2024. However, the deadline has been extended further, to March 15, 2024. According to RBI, “No further deposits or credit transactions or top ups will be allowed in any customer accounts, prepaid instruments, wallets, FASTags, National Common Mobility Cards, etc after March 15.” In case you use FASTag and you are a Paytm FASTag user, you will not be able to recharge your cards after March 15. What will happen after that and what is the next step you must take…
As mentioned earlier, according to the order by RBI, Paytm FASTag users will not be able to recharge their cards after March 15, 2024. The tolls can be paid using the balance available in the cards but a new recharge will not be possible. Users will now have to deactivate Paytm FASTag and then but a new FASTag card. Read to know how..
The steps given below must be followed to deactivate Paytm FASTag..
‘One Vehicle, One FASTag’ is an initiative which was started by the National Highways Authority of India (NHAI) to enhance the efficiency of the Electronic Toll Collection System and also provide seamless movement at Toll Plazas.
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