NEW DELHI: The Nationwide Highways Authority of India (NHAI) on Wednesday suggested Paytm FASTag customers to obtain a brand new FASTag issued by one other financial institution earlier than March 15.
This can assist in avoiding penalties or any double charge prices whereas commuting on Nationwide Highways, the Ministry of Highway Transport & Highways stated in an announcement.
According to the rules issued by the Reserve Financial institution of India (RBI) relating to restrictions on Paytm Funds Financial institution, the Paytm FASTags customers will be unable to recharge or top-up the stability submit March 15.
Nevertheless, they will use their present stability to pay the toll past the stipulated date.
“For any additional queries or help associated to Paytm FASTag, customers can attain out to their respective banks or check with the FAQs offered on the Indian Freeway Administration Firm Restricted (IHMCL) web site,” stated the Ministry.
The NHAI has urged all Paytm FASTag customers to take proactive measures to make sure a seamless journey expertise on the Nationwide Highways throughout the nation.
Final month, the central financial institution had requested the Nationwide Funds Company of India (NPCI) to make sure different preparations for patrons utilizing the Unified Funds Interface (UPI) of Paytm Funds Financial institution Ltd (PPBL) in order that ‘@paytm’ handles will be migrated in a seamless method.
“It’s reiterated that the holders of FASTag and Nationwide Widespread Mobility Playing cards (NCMC) issued by Paytm Funds Financial institution, might make different preparations earlier than March 15, 2024 to keep away from any inconvenience,” stated the RBI.
