The credit score stability switch characteristic will not be available from the previous FASTag issued by Paytm Payments Bank to a brand new FASTag obtained from one other financial institution, the financial institution clarified.
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Paytm Payments Bank on Friday stated prospects can proceed using FASTag for making funds at enabled toll and parking retailers as much as the available stability of their wallets regardless of the RBI’s deadline for not accepting deposits taking impact on March 15
“However, no further funding or top-ups will be allowed in the FASTags issued by Paytm Payments Bank after March 15,” the financial institution stated.
Credit stability switch characteristic will not be available from the previous FASTag issued by Paytm Payments Bank to a brand new FASTag obtained from one other financial institution, it clarified
It stated prospects can shut the Paytm Payments Bank FASTag by way of the Paytm App inside 5 to seven working days.
It stated there aren’t any restrictions on withdrawing funds from present balances. “The RBI directive explicitly states that existing balances in accounts and wallets are secure, alleviating concerns regarding the safety of deposited funds,” it added.
