Paytm FASTag users can use balance to pay toll but no top-up after March 15: RBI
No funding or top ups will be allowed in the FASTags issued by Paytm Payments Bank after March 15, 2024.
No funding or top ups will be allowed in the FASTags issued by Paytm Payments Bank after March 15, 2024.
NHAI removes Paytm Payments Bank from the list of 30 authorised banks for the FASTag service.
The fintech stock has declined 42% in the last three sessions, taking the Noida-based company's market capitalisation under ₹30,000 crore.
The decision stems from recent reports received by NHAI of multiple FASTags being issued for a particular vehicle and FASTags being issued without KYC, which violates the mandate by the RBI.