Sign in

Paytm invalid for FASTag: These are 32 authorised banks you can use

Paytm FASTag: Here is the list of all authorised banks that people can use to get new FASTags

Published on: Feb 19, 2024 12:45 PM IST
Share
Share via
  • facebook
  • twitter
  • linkedin
  • whatsapp
Copy link
  • copy link

Paytm FASTag: The National Highways Authority of India (NHAI) removed Paytm from the list of authorised banks that can issue new FASTags. This means that you can no longer buy FASTag using Payem but there are 32 banks that have been approved for FASTag purchases. Current Paytm FASTag users will have to close them and open new ones.

Paytm FASTag: Car seen at Gurugram-Faridabad road toll plaza near Bandhwari village, in Gurugram, India.
Paytm FASTag: Car seen at Gurugram-Faridabad road toll plaza near Bandhwari village, in Gurugram, India.

Read more: How to deactivate Paytm FASTag and buy new one online: Step by step guide

Paytm FASTags will become non-functional after the Reserve Bank of India (RBI) issued an order directing Paytm Payments Bank (PPBL) to cease taking deposits or top-ups in any client wallets, FASTags or accounts. But users can utilise their available balance, request a refund or cashback.

Read more: Paytm FASTag: Can I continue to use it to pay toll? Check RBI FAQs for customers

FASTag: Here is the list of all authorised banks that people can use to get new FASTags.

State Bank of India

ICICI Bank

Airtel Payments Bank

HDFC Bank

Fino Payments Bank

IDBI Bank

IDFC Bank

Indian Bank

Jammu and Kashmir Bank

Induslnd bank

Kotak Mahindra Bank

Karnataka Bank

Karur Vysya Bank

Nagpur Nagarik Sahakari bank

Punjab National Bank

Sarswat Bank

Union Bank of India

YES Bank

Thrissur District Cooperative Bank

UCO Bank

Axis Bank

AU Small Finance Bank

Bank of Maharashtra

Canara Bank

Cosmos Bank

Bandhan Bank

Bank of Baroda

Federal Bank

Equitas Small Finance Bank

Indian Overseas Bank

South Indian Bank

City Union Bank

  • HT News Desk
    ABOUT THE AUTHOR
    HT News Desk

    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.Read More