Paytm invalid for FASTag: These are 32 authorised banks you can use

The National Highway Authority of India (NHAI) removed Paytm Payments Bank Ltd (PPBL) from its approved list of FASTag providers. With this, users have to obtain Fastags from the approved list of 32 banks. This comes as the Reserve Bank of India in January issued a report saying that Paytm Payments Bank faces charges of non-compliance and needs to halt its operations by February 29.

Paytm FASTag: Car seen at Gurugram-Faridabad road toll plaza near Bandhwari village, in Gurugram, India.

RBI extended the deadline for Paytm Payments Bank from February 29 to March 15. This means, you can use your Paytm Fastag until that date, after which it will become inactive. Additionally, you will not be able to top-up or recharge your FASTag issued by Paytm Payments Bank after the date as well.