Paytm Fastag users can still pay at toll plazas even after the March 15 deadline. Paytm Payments Bank has been transitioning its users to other banks as per RBI guidelines. Although Paytm has been removed from the list of Fastag issuers by NHAI, users can still use their Paytm Fastag to make payments at toll plazas if they have a sufficient balance in their Fastag wallet. However, since RBI has banned Paytm Payments Bank from accepting deposits, users cannot top up their Paytm-issued Fastags. It is advised for users to seek a refund and discontinue using the Paytm Fastag to avoid any inconvenience. The article provides instructions on how to request a refund through the Paytm app.
Paytm Fastag:
In recent times, there has been confusion among Paytm Fastag users regarding their ability to pay at toll plazas after the March 15 deadline. However, here is a good news for Paytm Fastag holders. Despite being removed from the list of Fastag issuers by the National Highway Authority of India (NHAI), Paytm Fastag users can still utilize their existing balance to make payments at toll plazas.
The transition process initiated by Paytm Payments Bank, in compliance with Reserve Bank of India (RBI) guidelines, has led to users being migrated to other banks for continued financial services through the Paytm app. This ensures a seamless experience for users while using their Paytm Fastag for toll payments.
It’s important to note that Paytm Fastags issued by Paytm Payments Bank cannot be topped up due to the ban imposed by the RBI. However, users can still make use of their existing balance as long as it is sufficient to cover the toll amount. This provision allows users to continue using their Paytm Fastag without any disruption until the balance is depleted.
Nevertheless, it is highly recommended that users seek a refund and discontinue using the Paytm Fastag. This is because the non-transferrable nature of Fastags, coupled with the potential risk of insufficient balance during travel, can result in users paying double the toll amount. To initiate the refund process, users can follow the simple steps provided in the Paytm app under the Help & Support section.
In conclusion, while Paytm Fastag users can still pay at toll plazas after the March 15 deadline using their existing balance, it is advisable to opt for a refund and explore alternative Fastag options from authorized issuers. This ensures a hassle-free and uninterrupted toll payment experience while adhering to the latest regulations and guidelines.
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