Switch to Other Bank FASTags Before Mar 15: NHAI To Paytm FASTag Users

NHAI urges Paytm FASTag users to shift to alternative banks' FASTags by March 15, 2024, due to RBI restrictions on Paytm Payments Bank. The move aims to prevent disruptions and penalties on National Highways. Stay updated with TICE News.

Swati Dayal
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The National Highways Authority of India (NHAI) has issued a crucial advisory for Paytm FASTag users, urging them to transition to FASTags issued by alternative banks before the looming deadline of March 15, 2024. The move is aimed at ensuring a hassle-free travel experience and avoiding penalties or double fee charges for commuters on National Highways.

Background: RBI Guidelines Impact Paytm FASTags

The advisory comes in response to the recent guidelines set forth by the Reserve Bank of India (RBI) imposing restrictions on Paytm Payments Bank. As a result, Paytm FASTag users will encounter limitations, preventing them from recharging or topping up their balances post the critical date of March 15, 2024. However, these users can utilize their existing balance to cover toll charges beyond the stipulated date.

Avoid Penalties and Inconvenience: Transition Promptly

NHAI emphasizes the urgency of this transition, aiming to prevent any disruptions or inconveniences for Paytm FASTag users. The switch to FASTags issued by alternative banks before the deadline is crucial to avoid penalties or additional charges that might be incurred while commuting on National Highways.

Proactive Measures Advised by NHAI

In light of these developments, NHAI strongly encourages all Paytm FASTag users to proactively take measures to acquire a new FASTag from alternative banks. This transition is imperative for ensuring a seamless travel experience on National Highways across the country. NHAI recognizes the significance of a smooth transition and seeks cooperation from all Paytm FASTag users to adhere to the advised timeline.

Utilize Existing Balances and Seek Assistance

While Paytm FASTag users are restricted from recharging or topping up their balances after March 15, 2024, they can still utilize their existing balances to pay toll charges. For any queries or assistance related to Paytm FASTag during this transition, users are encouraged to reach out to their respective banks or refer to the Frequently Asked Questions (FAQs) provided on the Indian Highways Management Company Limited (IHMCL) website.

NHAI's Assurance and Final Call to Action

NHAI assures commuters that the transition to an alternative bank's FASTag will not only mitigate potential penalties but also ensure a continuous and efficient travel experience. As the deadline approaches, NHAI extends its final call to all Paytm FASTag users to act promptly and make the necessary switch before March 15, 2024, to avoid any disruptions while navigating the National Highways network.

For further updates and information, users are advised to stay tuned to NHAI announcements and regularly check the IHMCL website for any additional guidelines or clarifications.

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