Reserve Financial institution of India (RBI) has prolonged the deadline for Paytm Funds Financial institution from February 29 to March 15.Put up that Fastags issued by Paytm won’t work. Customers who’ve cash of their Paytm accounts can get the identical refunded in case they aren’t ready to make use of it by that date.
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Why deactivating Paytm Fastag is necessary
As per the brand new One Car, One Fastag initiative, Fastag can solely be linked to 1 car or vice-versa. Which means to get a brand new Fastag, customers must get their previous Fastag deactivated. Customers can not get KYC performed for brand spanking new Fastag except their previous Fastag is deactivated.
RBI’s FAQs on Paytm Cost Banks too clearly mentions the identical. RBI has clarified that Fastags aren’t interoperable, therefore clients might want to shut PPBL accounts and search refund. They must get a contemporary Fastag from a distinct financial institution.
The way to deactivate your Paytm Fastag account
Disclaimer: Deactivating Fastag is a everlasting course of and as soon as deactivated, you can not reactivate it. You’ll have to purchase a brand new one.
Steps to deactivate utilizing Paytm app
- Open Paytm app
- Faucet on Profile icon (top-left nook)
- Faucet Assist & Help
- From “Banking Providers & Funds”
- Choose Fastag possibility
- Choose the “Chat with us” possibility on the backside and lift the deactivation request
Steps to deactivate utilizing Fastag Paytm Portal
- Fastag Paytm Portal and login utilizing your credentials
- Enter your Fastag quantity, registered cell quantity and different vital particulars for verification.
- Scroll down, click on on “Assist & Help” possibility, select the choice “I Wish to Shut My Fastag Profile”
The way to purchase a brand new Fastag on-line
You should buy a brand new Fastag from one of many 32 banks listed on NHAI’s web site. Customers may also order Fastag straight from NHAI.
Getting a brand new Fastag from NHAI
- Obtain “My FASTag” app from Google Play Retailer or Apple App Retailer
- Open the app and scroll all the way down to “Purchase Fastag” possibility
- It gives you Amazon and Flipkart Hyperlink to buy the Fastag
- Activate it: Within the app, faucet on the Activate Fastag possibility → Choose Amazon or Flipkart — and scan the QR code. Observe the on-screen directions to activate.
To get Fastags from one of many banks listed, comply with the hyperlinks offered formally by NHAI under:
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