Deposits in Paytm pockets stopped from right this moment: Cash saved in pockets remains to be protected, however FASTag is not going to work if there is no such thing as a steadiness.

In line with RBI tips, right this moment i.e. sixteenth March you will be unable to deposit cash in Paytm pockets. In such a state of affairs, you probably have Paytm’s FASTag, then you’ll have to change it. If you don’t do that, you could have to pay double the toll. In line with the foundations, if fee is just not made by way of Fastag, double toll must be paid.

Nonetheless, if you have already got cash in your Paytm pockets, then it is possible for you to to make toll fee by way of Fastag. Paytm has the very best variety of FASTag customers in India.

You should utilize the cash already saved in Paytm pockets
In line with the rules, if a consumer has cash mendacity in his Paytm pockets, he’ll be capable of make fee by way of it even after March 15. If he needs, he may also switch the cash from Paytm pockets to his checking account.

Amenities like UPI and sound field will proceed
Discontinuation of Paytm Pockets facility is not going to have an effect on its UPI service. It is going to proceed to work as earlier than. The ability of sound field may even be out there. Other than this, different services like ticket reserving, recharge and invoice fee may even be out there by way of Paytm.

Now know right here the method of deactivating Paytm Fastag and getting a brand new Fastag…

You will get new Fastag from banks or PhonePe
Nationwide Freeway Authority of India i.e. NHAI has suggested Paytm FASTag customers to purchase a brand new FASTag from some other approved financial institution earlier than March 15. NHAI has additionally launched the revised checklist of banks issuing Fastag.

Now 39 banks and non-banking monetary corporations (NBFCs) have been included on this checklist. The title of Paytm Funds Financial institution (PPBL) is just not included on this checklist. You can even order Fastag from these banks or by way of PhonePe app.

Fastag KYC replace paperwork

Learn this information additionally…

Paytm QR codes will proceed to work as traditional: The corporate stated – Cost gadgets like soundbox-card machine may even work, no must search for choices.

Paytm, a fintech agency specializing in digital funds, stated on February 13 final month that its QR codes will proceed to work as traditional. As a consequence of which retailers will likely be allowed to simply accept funds even after 29 February 2024. The corporate additionally stated that fee gadgets like Paytm Soundbox and card machines may even stay operational as traditional. Retailers don’t must search for options. Learn the complete information…