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 list of 32 authorized banks for issuing new FASTags for vehicles. The Indian Highway Management Company, NHAI’s tolling arm, recently shared the list of approved banks for obtaining FASTags in a Twitter post.

Sources indicate that the government is concerned about potential inconvenience for Paytm FASTag users. As per official data from the Central Bank authority, Paytm FASTag users can continue using it to pay highway tolls until their account balance is depleted, but they won’t have the option to recharge after February 29, 2024.

#NHAI #FASTag #PaytmPaymentBank #TollPayment #HighwayAuthority #TransportNews