NHAI’s big decision regarding Paytm Fastag! 2 crore users will be affected, know details

IHMCL has said that Fastag will have to be purchased from 32 banks only. The name of Paytm Payments Bank has not been included in this.

A big news has come out regarding Paytm Fastag, which will affect 2 crore users. An advisory has been issued by the National Highway Authority of India (NHAI) for Fastag users. NHAI has appealed to only 32 banks to buy FASTag.

The name of Paytm Payments Bank is not included in this. Paytm FASTag users will now have to buy a new FASTag, because Paytm Payments Bank is no longer registered to provide FASTag facilities.

IHMCL has said that Fastag will have to be purchased from 32 banks only. The name of Paytm Payments Bank has not been included in this. Paytm Payments Bank has been removed from the list for purchasing FASTag. According to media reports, people who have received Paytm tags will have to surrender them and buy new tags from a registered bank.

Can be used till 29th February

RBI had said regarding Paytm Fastag that it cannot be used after February 29. That means if you have Paytm Fastag then you can use it till 29th February. After this there will be a ban on transactions. According to media reports, Paytm Fastag users can then surrender their tag and buy the tag from another bank.

From which banks will you be able to buy tags?

Banks registered for FASTags include Airtel Payments Bank, Allahabad Bank, AU Small Finance Bank, Axis Bank, Bank of Baroda, Bank of Maharashtra, Canara Bank, Central Bank of India, City Union Bank, Cosmos Bank, Equitas Small Finance Bank, Federal Bank, Fino Payments Bank, HDFC Bank, ICICI Bank, IDBI Bank, IDFC First Bank, Indian Bank, IndusInd Bank, J&K Bank, Karnataka Bank, Karur Vysya Bank, Kotak Mahindra Bank, Nagpur Nagarik Cooperative Bank, Punjab National Bank, Saraswat Bank , South Indian Bank, State Bank of India, Thrissur District Co-operative Bank, UCO Bank, Union Bank of India and Yes Bank.

Rise in Paytm shares

After falling for the last several days, a rise was seen in Paytm Shares on Friday. Today Paytm shares are trading 0.20% higher at Rs 325.70. However, in the last five days this stock has fallen by more than 21 percent.