Paytm FASTag Services Discontinued: Users Urged to Act

The National Highway Authority of India has taken a significant step by excluding Paytm Payments Bank Ltd (PPBL) from its list of authorized banks for FASTag services, citing regulatory concerns over alleged rule violations. This decision affects over 70 million FASTag users, including 15 million relying on Paytm Payments Bank, with operations ceasing after March 15. Users are advised to switch to other banks to avoid toll payment disruptions. Meanwhile, the Reserve Bank of India (RBI) has extended Paytm Payments Bank services until March 15, urging users to take necessary actions such as withdrawing deposits before the deadline.

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