FASTag is an electronic toll collection device that automatically debits toll charges from your linked bank account or wallets like Amazon and Paytm whenever you cross a toll plaza in India. FASTag is collected through stickers pasted on the vehicle’s windshield and these stickers have made the collection of tolls easy and breezy.
Recently, RBI banned Paytm Payments Bank from operating after 28 February 2024. Now, the latest update is that Paytm has been removed from the FASTag providers list. While RBI has extended the deadline for Paytm Payments Bank from February 29 to March 15, it has been clarified that FASTag is not interchangeable.
Customers are advised to close their FASTag accounts by Paytm Payments Bank and apply for a refund. A new FASTag will have to be bought from another bank.
NHAI has revealed the list of 32 banks that are now the FASTag providers in the country. Indian Highways Management Company advises users to buy FASTag exclusively from banks in this list-
Bank Name | Official Link |
Airtel Payments Bank | Link |
Axis Bank | Link |
AU Small Finance Bank | Link |
Bank of Maharashtra | Link |
Central Bank of India | Link |
Canara Bank | Link |
Equitas Small Finance Bank | Link |
Federal Bank | Link |
FINO Payments Bank | Link |
HDFC | Link |
IDFC First Bank | Link |
IDBI Bank | Link |
IndusInd Bank | Link |
Kotak Mahindra Bank | Link |
Nagpur Nagarik Sahakari Bank | Link |
Saraswat Co-operative Bank | Link |
South Indian Bank | Link |
UCO Bank | Link |
Union Bank of India | Link |
Yes Bank LTD. | Link |
ALSO READ: 10 Best Paytm Alternatives for Online Payment Services in India
NHAI also issues FASTag directly. The users can get it directly from highway authority via My FASTag App, available on Android as well as iOS. To do so, install the My FASTag app, launch it, and go to ‘Buy FASTag’ option. Connect it to Amazon or Flipkart through links and purchase the FASTag.
Choose the ‘Activate FASTag’ option, choose Amazon or Flipkart, and use the QR Code scanning. Follow the instructions on the screen to complete the activation of the new FASTag.
You can follow Smartprix on Twitter, Facebook, Instagram, and Google News. Visit smartprix.com for the most recent news, reviews, and tech guides.