Paytm wallets to be deactivated; Save your FASTag operation through THIS simple process

According to RBI guidelines, you will not be able to deposit money in Paytm wallet from 16th March i.e. tomorrow

Published on:

15 Mar 2024, 8:14 am

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According to RBI guidelines, you will not be able to deposit money in Paytm wallet from 16th March i.e. tomorrow. In such a situation, if you are currently using Paytm's FASTag, then it needs to be changed before the deadline. Failure to do this is likely to result in over double toll charges. According to the rules, if payment is not made through Fastag, double toll has to be paid.

However, whatever money you add to Paytm wallet before March 15, you will be able to spend it even after March 15. Paytm has the highest number of FASTag users in India.

See here the process of deactivating Paytm Fastag

Open Paytm app.
Go to your profile.
Tap on Profile Settings.
Tap on Active Paytm Services.
Here you will get the option to deactivate Fastag.
After clicking on it, you will be asked the reason for deactivating Fastag.
After choosing the option you have to tap on Process.
Choose the option of Close Fastag.
Your deposit amount will be credited to Paytm wallet in 5 to 7 days.
After this you will have to choose the option of Close Fastag once more.

You can get new Fastag from banks or other UPI apps:

National Highway Authority of India i.e. NHAI has advised Paytm FASTag users to buy a new FASTag from any other authorized bank before March 15. NHAI has also released the revised list of banks issuing Fastag.

Now 39 banks and non-banking financial companies (NBFCs) have been included in this list. The name of Paytm Payments Bank (PPBL) is not included in this list. You can also order Fastag from these banks or through equivalent UPI app such as PhonePe:

Open PhonePe and tap on Buy Fastag here.
Enter your PAN, vehicle registration number and mobile number and tap Continue.
In the next page, enter the vehicle registration number and model number and tap Continue.
Enter your delivery address and tap Continue.
After this you will have to make payment.

Fastag KYC update documents: