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NHAI Updated The Issuers Banks List: Paytm Bank Delisted From FASTag

NHAI Updated The Issuers Banks List: Paytm Bank Delisted From FASTag

By: Geetanjali

After the RBI (Reserve Bank of India) restricted PPBL (Paytm Payments Bank Limited) from operating its banking operations due to the non-compliance of the RBI’s policy and supervisory concerns, and completely shut down its banking operations by March 15, 2024. Is also delisted from the issuer’s banks list of FASTag.
NHAI Updated The Issuers Banks List: Paytm Bank Delisted From FASTag

The NHAI (National Highway Authority of India) has revised its list of authorised banks and Non-banking financial institutions that can issue FASTags. Posting of X, NHAI presented its update list of issuing bodies:

The updated list by NHAI includes 39 financial institutions and banks as the issuers of FASTag will including.

Airtel Payments Banks Allahabad Bank AU Small Finance Bank Axis Banks Limited Bandhan Banks
Bank of Baroda Bank of Maharashtra Canara Bank Central Bank of India City Union Bank Ltd
Karnataka Bank J&K Bank Induslnd Bank Indian Overseas Bank Cosmos Bank
Karur Vysya Bank Kotak Mahindra Bank LivQuik Technology Pvt Ltd. Yes Bank Union Bank of India
UCO Bank Indian Bank IDFC FIRST Bank IDBI Bank ICICI Bank
HDFC Bank Fino Payments Bank Federal Bank Nagpur Nagarik Sahakari Bank Ltd Punjab Maharashtra Bank
Punjab National Bank (PNB) Saraswat Bank South Indian Bank State Bank of India (SBI) Syndicate Bank
The Jalgaon Peoples Co-op Bank Thrissur District Cooperative Bank Dombivli Nagari Sahakari Bank Equitas Small Finance Bank

People won’t be able to use PPBL for FASTag after March 15, 2024,but will still be able to use their remaining balance in their Paytm Payments Bank account for FASTag. As per RBI no further top-ups or recharge of FASTag accounts from the Paytm wallet will be allowed to the users.

FASTag has answered some of the FAQ’s on the topic in a post on X.

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