Curated By: Business Desk
Last Updated: February 12, 2024, 16:08 IST
Once deactivated, you can’t reactivate the identical FASTag once more.
RBI has allowed Paytm FASTag customers to make use of their balances however they can not load these wallets with more cash after February 29.
Since demonetisation in 2016, Paytm has turn out to be part of our lives. People use Paytm extensively for every little thing, from small and massive funds to FASTag. Most automobiles have a FASTag issued by Paytm, which is linked to their Paytm account. Meanwhile, the Reserve Bank of India (RBI) has taken regulatory motion in opposition to Paytm Payments Bank (PPBL). Due to this motion, all of the providers, together with FASTag at Paytm, can be affected. So in the present day, tell us what would occur to those that have a Paytm FASTag.
Can FASTag be ported, or will it must be deactivated? Apart from this, an essential query is: how does one swap to a different FASTag? The regulatory financial institution on January 31 ordered that PPBL should cease accepting deposits or ‘top-up’ clients’ accounts, wallets, FASTag and different merchandise after February 29. Customers are allowed to make use of the steadiness from different accounts, together with financial savings financial institution accounts, present accounts, pay as you go merchandise, FASTag and National Common Mobility Card, till the steadiness is accessible.
Here’s How to Deactivate Your Paytm FASTag:
1. Login to the FASTag Paytm Portal. In this, one should enter the consumer ID, pockets ID and password.
2. Now the FASTag quantity, registered cellular quantity and plenty of different particulars required for verification should be entered.
3. Scroll down the web page and click on on the Help & Support choice.
4. Now, ‘Need Help With Non-Order Related Queries?’ Tap On.
5. After this, choose the choice Queries Related to Updating FASTag Profile.
6. Here, one has to pick out the choice I Want to Close My FASTag and comply with the additional steps.
Remember that when deactivated, you can’t reactivate the identical FASTag once more.
Here’s tips on how to port your FASTag from Paytm:
1. To port or switch the FASTag from Paytm, name buyer care of the financial institution to which you might be transferring your FASTag.
2. Tell them that you simply need to swap.
3. Share the required particulars and the porting can be accomplished.
According to Paytm’s assertion, the RBI’s discover doesn’t influence customers’ deposits of their financial savings accounts, wallets, FASTags and NCMC accounts.
