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The Nationwide Freeway Authority of India (NHAI) has delisted Paytm Funds Financial institution Restricted (PPBL) from its checklist of authorized FASTag suppliers, following directives from the Reserve Financial institution of India (RBI). Regardless of the central financial institution extending the deadline for PPBL till March 15, the RBI has clarified that FASTag accounts aren’t interchangeable between banks.
Clients who at present maintain FASTag accounts issued by PPBL are suggested to shut their accounts and request a refund. They may then want to accumulate a brand new FASTag from one of many 32 banks at present authorized by the NHAI. The Indian Highways Administration Firm (IHMCL) recommends that customers buy FASTag solely from the up to date checklist of authorised suppliers.
Alternatively, customers can receive FASTag instantly from the NHAI by means of the “My FASTag” cellular app, accessible on each Android and iOS platforms. The app permits customers to buy FASTag by means of Amazon or Flipkart and full the activation course of utilizing QR code scanning and on-screen directions.
The NHAI’s choice to delist PPBL as a FASTag supplier comes within the wake of the RBI’s ongoing efforts to manage and streamline the digital funds ecosystem in India. Customers are urged to adjust to the rules and change to authorized FASTag suppliers to make sure seamless and safe toll funds on nationwide highways.
