The National Highway Authority of India (NHAI) removed Paytm Payments Bank Ltd (PPBL) from its approved list of FASTag providers. With this, users have to obtain Fastags from the approved list of 32 banks. This comes as the Reserve Bank of India in January issued a report saying that Paytm Payments Bank faces charges of non-compliance and needs to halt its operations by February 29.
Paytm FASTag: Car seen at Gurugram-Faridabad road toll plaza near Bandhwari village, in Gurugram, India.
{{^htLoading}} {{/htLoading}}
RBI extended the deadline for Paytm Payments Bank from February 29 to March 15. This means, you can use your Paytm Fastag until that date, after which it will become inactive. Additionally, you will not be able to top-up or recharge your FASTag issued by Paytm Payments Bank after the date as well.
Why should you deactivate your Paytm FASTag account?
You must deactivate your Paytm FASTag due to the 'One Vehicle, One Fastag' rule. This mandates that there will only be a single FASTag per vehicle. Therefore, users must close their PPBL accounts and obtain a refund. Then they can acquire a new FASTag from a different bank.
After this click on "Chat with us" to request deactivation.
In the FASTag Paytm Portal: Log in and provide your Fastag number, registered mobile number, and details for verification. Then, under "Help & Support," select "I Want to Close My Fastag Profile."
{{/usCountry}}
{{#usCountry}}
In the Paytm app, follow these steps:
Go to Profile
Choose ‘Help & Support’
Click on Banking Services & Payments
Then choose FASTag
After this click on "Chat with us" to request deactivation.
In the FASTag Paytm Portal: Log in and provide your Fastag number, registered mobile number, and details for verification. Then, under "Help & Support," select "I Want to Close My Fastag Profile."
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Home/Business/Paytm FASTag: How to delete your FASTag account from Paytm Payments Bank?
{{^htLoading}}
Advertisement
{{/htLoading}}
SHARE THIS ARTICLE ON
{{#usCountry}}{{/usCountry}}
Hindustantimes wants to start sending you push notifications. Click allow to subscribe
