April 13, 2024

The Reserve Financial institution of India (RBI) instructed Paytm to cease taking deposits and top-ups from any purchasers after February 29, due to this fact customers of the freeway are actually inspired to buy FASTags from 32 approved banks moderately than Paytm Funds Financial institution (PPBL).

The ultimate deadline has been moved as much as March 15; after that, Paytm FASTags won’t operate. Nevertheless, beneath the often requested questions (FAQs) launched by the RBI, prospects will have the ability to shut their earlier FASTag and get a refund.

“It’s steered that you just procure a brand new FASTag issued by one other financial institution earlier than March 15, 2024, to keep away from any inconvenience,” the FAQs acknowledged.

Course of For Deactivating A Paytm FASTag?

  • To shut your current Paytm FASTag account, enter your cell quantity and Tag ID.
  • Name 1800-120-4210 and supply your registered cell quantity (FASTag) to do the identical.
  • Add your tag ID or automobile registration quantity (VRN) to it.
  • A Paytm customer support consultant will thereafter get in touch.

One other Technique To Disable Your Paytm FASTag

  • Click on “Assist & Help” after clicking on the profile image within the Paytm app.
  • Select “FASTag” from the “Banking Providers & Funds” part, then click on “Chat with us.”
  • To complete the process, ask the manager to deactivate the account.

Steps To Purchase A New FASTag

First Technique

  • Set up the “My FASTag” software.
  • To buy the tag, click on the “Purchase FASTag” hyperlink, which can take you to a web-based retailer.
  • Purchase the FASTag, and will probably be despatched to you.

Second Technique

  • Choose “Activate FASTag” from the “My FASTag” app.
  • Select from Flipkart and Amazon.
  • Enter the automobile’s data and FASTag ID.
  • It should then turn out to be operational.

Third Technique

Membership banks reminiscent of Airtel Funds Financial institution, Allahabad Financial institution, Financial institution of Baroda, HDFC Financial institution, ICICI Financial institution, IDBI Financial institution, Punjab Nationwide Financial institution, State Financial institution of India, and Sure Financial institution are additionally retailers of FASTags.

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