Paytm FASTag: After demonetization in 2016, Paytm had become a part of life. People used Paytm extensively for everything from small and big payments to Fastag. Most vehicles have Fastag issued by Paytm, which is linked to the Paytm account. After Paytm has become such a big part of our lives, the Reserve Bank of India (RBI) has taken regulatory action on Paytm Payments Bank (PPBL). Due to this action, all the services including FASTag of Paytm will be affected. In such a situation, what will happen to those who have Fastag? Can Fastag be ported or will it have to be de-activated? Apart from this, an important question is how to switch to another Fastag? All your questions have been answered in this news.
Let us tell you that RBI has stopped Paytm company from taking any new top-up or deposit on behalf of any customer after February 29, which also includes wallets, Fastag. According to a report in news agency Bhasha, the RBI on January 31 ordered that PPBL will have to stop accepting deposits or ‘top-up’ customers’ accounts, wallets, Fastag and other products after February 29. Customers are allowed to use the balance from other accounts including savings bank account, current account, prepaid products, Fastag and ‘National Common Mobility Card’ till the availability of balance.
What will happen to Paytm Fastag?
If you have Paytm Fastag then you should understand that Fastag has not been banned. This ban is on depositing new payments by customers. In such a situation, those who have Fastag will continue to work as long as they have balance. There is no restriction of date (till 29th February).
What to do if you want to de-activate Fastag?
Since RBI has taken strict action on Paytm, there is a feeling among some users that what will happen if Fastag itself is banned? In such a situation, they are looking for ways to de-activate it. So let us also tell you here how to de-activate it. Keep in mind that once it is de-activated, you will not be able to activate the same Fastag again.
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- Login To Fastag Paytm Portal. In This You Will Have To Enter User ID / Wallet ID And Password.
- Now Fastag Number, Registered Mobile Number And Many Other Details Required For Verification Will Have To Be Entered.
- Scroll Down The Page And Click On The ‘Help & Support’ Option.
- Now ‘Need Help With Non-Order Related Queries?’ Tap On.
- After This Select The Option ‘Queries Related To Updating FASTag Profile’.
- Here You Have To Select The Option ‘I Want To Close My FASTag’ And Follow The Further Steps.
Can port also be Fastag?
Many big banks also provide Fastag. These include HDFC Bank, IDFC First Bank, ICII Bank, State Bank of India, Bank of Baroda, Equitas Fastag Recharge, Federal Bank, IDBI Bank, Kotak Mahindra Bank, IndusInd Bank, Axis Bank, Equitas Small Finance Bank, South Indian Bank. . The question is whether an individual user can port Fastag? So the answer is yes. You can get your Paytm Fastag ported to another bank. In such a situation, if you are afraid that Paytm Fastag will be banned, then you also have the option of porting it. For port you have to follow the following steps-
- To Port Fastag From Paytm To Another Bank, First Call The Customer Care Of The Bank Where You Want To Port It.
- Provide Complete Information To The Customer Care Representative, Which Will Include Your Port Number, Name Etc.
- After Some Time Your Fastag Will Be Ported To Another Bank.
If you want to switch off Paytm Fastag and switch to another bank, you will have to do two things. First of all, Paytm Fastag will have to be closed. We have already told you above how to deactivate it (What to do if you want to de-activate Fastag?). Once de-activated, you can get Fastag from the new bank.
