By Get ready for a change on the toll roads! Paytm FASTags, issued by Paytm Payments Bank, will no longer function after March 15th, 2024. This mandate comes from the National Highway Authority of India (NHAI) as they transition to a new technology for FASTag operations.
What does this mean for you?
If you currently use a Paytm FASTag, here’s what you need to know:
- Your existing tag will continue to work till March 15th: You can use any remaining balance on your account for toll payments during this period.
- Topping up is no longer possible: As of February 29th, you cannot recharge your Paytm FASTag.
- Plan for a new FASTag: To avoid disruption after March 15th, it’s crucial to get a new FASTag from another authorized provider. Several banks and other institutions offer FASTags, giving you options to choose from.
Why the change?
The NHAI has not officially disclosed the specific reasons behind the technology switch. However, speculations suggest potential security concerns with Paytm Payments Bank’s technology or a desire to standardize the FASTag ecosystem.
What are your options?
Here are some steps you can take:
- Choose a new FASTag provider: Research and compare options from authorized issuers like banks, telecom companies, and dedicated FASTag service providers. Consider factors like ease of application, recharge methods, and customer service.
- Get your new FASTag before March 15th: Ensure a smooth transition by applying for a new tag well in advance. The process typically involves submitting KYC documents and paying a small fee.
- Link your new FASTag to your preferred payment method: Choose a recharge method that suits your needs, such as debit/credit card, net banking, or UPI.
- Transfer your vehicle registration (optional): You can request to transfer your vehicle registration details from your old Paytm FASTag to the new one if offered by the new provider.
Staying informed:
For the latest updates and clarifications, it’s recommended to consult the official websites of NHAI and your new chosen FASTag provider. By planning ahead and taking action before March 15th, you can ensure a seamless transition and continued convenience on the toll roads.
