Paytm FASTag alternatives: Deactivate your Paytm FASTag! Here’s Where to Get a New Fast Tag (List of 20+ Banks)

By Shivangi Agarwal • Updated On Feb 19, 2024

Like
Comment
Share

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.

Shivangi Agarwal

Shivangi is an honours graduate in English from Delhi University with a passion for reading and writing. Always keen to know more about the latest gadgets, when she is not reading about tech, she loves listening to Hindi music and grooving to the latest Hindi beats.

MediaTek Dimensity 8450 Launched With All-Big Core Design, Mali-G720 GPU, and Agentic AI Support

The Taiwanese chip manufacturer MediaTek has announced the launch of a new chip: the Dimensity 8450 SoC. It features an all-big core design inspired by MediaTek’s flagship mobile processors, making it 30% faster than competing platforms. The company unveiled the chipset at the India Dimensity Summit. Also Read: Oppo Reno 14 To Launch In India …

How To Deactivate Paytm FASTag & Buy a New One after; Per RBI’s March 15 deadline

If you are a Paytm FASTag user, you will have to take action quickly. As per RBI’s directives, Paytm Payments Bank Ltd (PPBL) can no longer allow business transactions including FASTag to its customers post-March 15th (the latest deadline). As the closure of PPBL will affect many of its services, FASTag users will have to …

How to check SBI, IDFC, Axis, ICICI, and HDFC FASTag Balance

To reduce traffic at the toll plazas, the Government of India made a rule that pan India all vehicles traveling through toll plazas will have to pay toll charges using FASTag. NHAI rolled out the program for Electronic Toll collection on Toll Plazas on National Highways called FASTag. So, now every time one’s vehicle crosses …

Hyundai i20 Gets A New Magna Executive MT And Magna iVT Variant; Sportz (O) Gets New Features (With A Revised Price Tag)

Hyundai has announced a significant change in the i20‘s lineup. To begin with, there’s a new Magna Executive trim, which costs less than the regular Magna variant. Then there’s a new Magna iVT variant that brings the convenience of automatic transmission to a more affordable price point. Last but not least, the Korean automaker has …

FASTag Annual Toll Pass: What It Is, How It Works, And How To Get One For Your Vehicle?

To ease frequent highway trips for Indian citizens, the Ministry of Road Transport and Highways has announced a FASTag-based annual pass for Rs. 3,000. The facility will be available for non-commercial private vehicles, including cars, jeeps, and vans, from August 15, 2025. What is The FASTag-Based Annual Pass? The FASTag-based annual pass is a permit …