• February 16, 2024

NHAI Excludes Paytm Payment Bank from List of Authorized Banks for FASTag Issuance

NHAI Excludes Paytm Payment Bank from List of Authorized Banks for FASTag Issuance

NHAI Excludes Paytm Payment Bank from List of Authorized Banks for FASTag Issuance

The National Highways Authority of India (NHAI) has omitted Paytm Payment Bank from its roster of 32 authorized banks for issuing new FASTags for vehicles. This decision, announced by the Indian Highway Management Company via Twitter, has sparked concerns over potential inconvenience for Paytm FASTag users.

Government sources suggest that the exclusion may disrupt the seamless experience for Paytm FASTag holders. Despite the assurance that existing Paytm FASTag users can continue using them until their balance depletes, they won’t be able to recharge them beyond February 29, 2024, as per data from the Central Bank authority.

#NHAI #FASTag #PaytmPaymentBank #HighwayTolls #CentralBank #RoadTolling #IndianHighways #VehicleTolling

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