Paytm FASTag port: RBI imposed restrictions on Paytm Payments Bank, barring it from accepting deposits or top-ups. What should Paytm FASTag users do now?
Indian Highways Management Company Ltd (IHMCL), toll collecting authority of state-owned NHAI, has advised highway users to buy FASTags from 32 authorised banks which excludes Paytm Payments Bank.
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NHAI on Friday removed Paytm Payments Bank from its list of 30 authorised banks for the FASTag service. The FASTag chip, also known as the RFID Tag, is placed on the vehicle's windscreen. It allows customers to conveniently make toll payments directly from their linked FASTag account.