NHAI issued an advisory for Paytm FASTag Users to Switch to Other Bank FASTag

Mar 13, 2024 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe National Highways Authority of India (NHAI) on March 13, 2024, issued an advisory for Paytm FASTag Users to Switch to Other Bank FASTag before March 15, 2024.

The following has been stated:

• It has advised Paytm FASTag users to procure a new FASTag issued by another bank before March 15, 2024. This will help in avoiding penalties or any double fee charges while commuting on National Highways.

• It has further stated that as per the guidelines issued by the Reserve Bank of India regarding restrictions on Paytm Payments Bank, the Paytm FASTag users will not be able to recharge or top-up the balance post-March 15, 2024. However, they can use their existing balance to pay tolls beyond the stipulated date.

• It has urged all Paytm FASTag users to take proactive measures to ensure a seamless travel experience on the National Highways across the country.

[Press Release ID: 2014106]


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