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After Reserve Bank of India (RBI) restrictions on Paytm Payments Bank Ltd (PPBL), Paytm has now enabled direct FASTag recharges through its application. RBI had asked PPBL to stop taking fresh deposits from March 15, 2024, effectively stopping recharges into FASTags issued by the bank. FASTags, compulsory for all four-wheeler vehicles are tags that use radio-frequency identification technology (RFID) fixed to the vehicle’s windscreen to enable automatic toll deduction when you pass through a toll plaza. PPBL's FASTag users cannot recharge their balances post-March 15 but can use existing balances for payments. By giving a missed call at +91-8884333331, users who have registered their mobile number with NHAI Prepaid Wallet can check their balance and obtain a new FASTag issued by another bank if their balance is nearing zero. Now Paytm users can purchase new FASTags from HDFC Bank directly through the application. But first, if you already have another FASTag issued from a bank, how to recharge it using the Paytm application?
How To Recharge With Paytm
To recharge a FASTag on the Paytm App, users should navigate to the 'FASTag Recharge' option under the 'Bill Payments' section.
Then select your issuing bank
Enter FASTag linked vehicle number and tap on proceed.
Confirm details, enter the amount
Tap on 'Proceed to pay' to complete the payment process.
How To Buy FASTag from Paytm App
For those interested in obtaining an HDFC FASTag, the process can be completed within the Paytm app. The one-time fee for HDFC FASTag is Rs 100, whereas the refundable security deposit is Rs 100. Rechargeable through multiple channels including the HDFC Bank website, mobile app, credit card, debit card, UPI, or NEFT/RTGS or net banking the recharge amount ranges from Rs 100 to Rs 1 lakh.
On the Paytm app, search for ‘Buy HDFC FASTag’.
Under the 'Services' section it will be visible. tap on it
Enter customer and vehicle details
Make payment and the HDFC FASTag will be delivered to your home address.
Under the services tab, Paytm has also listed several other services such as UPI transactions, QR code, Soundbox, and Card Machine payments, which it announced are operating without any interruptions despite a ban on Paytm Payments Bank Ltd.
