If your Fastag is released by Paytm Payments Bank (PPBL), then what should you do? According to the guidelines of RBI, Fastag released by PPBL can be used by 15 March. Users can use the balance in the card. But after the deadline is over, users cannot top-up (recharge) in their fastag, which directly means that you will not be able to use it after the balance is over.
Now if you want to convert Paytm Fastag into another bank, then you have two options here. The first of these Fastag is to be ported to another bank, but this facility is not available to all banks. In such a situation, only the second option is left after you, in which you have to apply a new Fastag with the new bank.
However, here you have to take care of an important thing. You have to close your fastag permanently from Paytm before releasing Fastag with the new bank. Only then can you apply for the new fastag. So before registration for the new card, we are telling you how to close the existing Fastag from Paytm first.
How to Deactivate Paytm Fastag permanently?
Method 1
- Dial 1800-120-4210 to close Fastag through calls and provide your registered mobile number and vehicle registration number (VRN) or tag ID.
- A Paytm Customer Assistance Agent will confirm the closure of your Fastag.
- However, in some cases it does not work, so you have another method where you have to use the Paytm app.
Method 2
- First open the Paytm app and tap on the profile icon present in the top right corner.
- Now tap on “Help & Support”.
- Tap on “Fastag” on the “Banking Services & Payments” section here.
- Now tap on “chat with us” and select the appropriate option to start deactivation process.
Keep in mind that according to government guidelines, any user will have to completely collect the previous tag before applying the new Fastag in the vehicle. In such a situation, Paytm will also ask for a picture of the tagged tag. Here you will have two options, either you can upload the picture at the same time or you can share the photo with Paytm later.
Apart from this, let us tell you that according to Paytm, after the start of Fastag closure, you will be given security deposits and balance refunds within about a week.
Where to buy new fastag? (Best Bank!)
Now the time comes to apply for the new Fastag. Let us tell you that you can link your Fastag with 32 authorized banks. You can apply for new fastag through the official website or app of these banks.
Tag joining fees are Rs 100 (by adding GST). If you are looking for a best bank for the new tag, then tell that the service of all banks regarding Fastag is almost the same. Here the tag joining fees are also the same, but the interior is of security deposit and minimum balance. For example, the security deposit is Rs 100 for taking Fastag for a car from HDFC bank and has been kept at Threshold Amount 0. At the same time, security deposit for car tag in ICICI Bank is Rs 200 and threshold amount is also Rs 200. The security deposit for the car in IDFC Bank is zero and the threshold amount is Rs 200.
You can choose a bank according to your convenience and apply for new fastag through their official website or app. The new tag arrives at home within 6-7 days.
Fastag can be purchased from these banks:-
- 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 sahakari bank
- Punjab National Bank
- Saraswat Bank
- South Indian Bank
- State bank of india
- Thrissur district cooperative bank
- UCO Bank
- Union Bank of India
- Yes bank
