NHAI rolls down guidelines to issue FASTags

In line with the guidelines issued by the Reserve Bank of India 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.

NHAI rolls down guidelines to issue FASTags

New Delhi: NHAI Issues Advisory for Paytm FASTag Users to Switch to Other Bank FASTag before 15th March 2024 after removing the Paytm Payments Bank from the list.

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 in avoiding either penalties or any double fee charges while commuting on National Highways.

In line with the guidelines issued by the Reserve Bank of India 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.

Read Also : International Partnership: RITES signs contract with Bangladesh Railway

For any further queries or assistance related to Paytm FASTag, users can reach out to their respective banks or refer to the FAQs provided on the IHMCL website. NHAI has urged all Paytm FASTag users to take proactive measures to ensure a seamless travel experience on the National Highways across the country.

 

Read Also : BEL registers a growth of 34% in PAT during FY 2023-24

The National Highways Authority of India [NHAI] has revised its list of banks and non-banking financial companies [NBFCs] authorized to issue FASTags. This follows the recent order by the RBI to shut down Paytm Payments Bank Ltd due to regulatory non-compliance.

Read Also : Repayment of remaining $550m bond achieving a zero-debt position at HoldCo