Paytm FASTag users must procure tag from another bank by Mar 15: NHAI
New Delhi: In line with the guidelines issued by the Reserve Bank of India (RBI) regarding restriction on Paytm Payments Bank Limited, the NHAI on Wednesday advised Paytm FASTag users to procure new FASTag before March 15, 2024.
“To ensure a seamless travel experience and avoid inconvenience at toll plazas, NHAI has advised Paytm FASTag users to procure a new FASTag issued by another bank before March 15, 2024. This will help avoid penalties or double fee charges while commuting on National Highways,” the Ministry of Road Transport & Highways said in a release.
This is in line with the guidelines issued by the RBI regarding restrictions on Paytm Payments Bank, the Paytm FASTags users will not be able to recharge or top-up the balance post 15th March 2024.
However, they can use their existing balance to pay tolls beyond the stipulated date.
FASTag users can contact their respective banks for any query. NHAI has urged all Paytm FASTag users to take proactive measures to ensure a seamless travel experience on the National Highways across the country.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
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