Paytm Funds Financial institution releases FAQs on closing FASTag accounts, refund – Instances of India

Paytm Funds Financial institution has launched an in depth FAQ on their web site in gentle of the brand new directive that comes into pressure on March 15, regarding the acceptance of latest deposits. The financial institution has supplied readability particularly on the utilization and administration of FASTags issued by them, in compliance with the Reserve Financial institution of India‘s (RBI) newest pointers.
This is every little thing you must know based mostly on the data supplied:
How can I shut my Paytm Funds Financial institution? FASTag,
To shut your FASTag, observe these steps:
Open the Paytm App and seek for “Handle FASTag” within the search menu.
Navigate to the ‘Handle FASTag’ part to see all autos linked to your FASTag.
Choose ‘Shut FASTag possibility’ situated within the high proper part of the web page.
Select the automobile for which the FASTag must be closed.
Click on ‘Proceed’ and look forward to the affirmation message in your display screen.
The FASTag can be closed inside 5-7 working days.
How can I obtain the refund for the safety and minimal steadiness of my PPBL FASTag?
As soon as your PPBL FASTag is closed, the safety deposit together with any remaining minimal steadiness will mechanically be credited again to your Paytm Funds Financial institution Pockets.
Can I proceed to make use of my Paytm Funds Financial institution FASTag after March 15?
Sure, you’ll be able to proceed to make use of the FASTag for paying at tolls and parking services as much as the out there steadiness in your pockets. Nevertheless, after March 15, you will be unable so as to add funds or high up your FASTag.
How can I high up my FASTag after the deadline?
You can not high up FASTags issued by Paytm Funds Financial institution after March 15. Prospects are suggested to acquire a brand new FASTag from a special financial institution earlier than this date to make sure uninterrupted service.
Is it doable to switch the credit score steadiness from my outdated Paytm FASTag to a brand new one?
No, the credit score steadiness switch from an outdated FASTag issued by Paytm Funds Financial institution to a brand new FASTag from one other financial institution will not be out there.
What ought to I do to make sure a clean transition after March 15?
Prospects ought to make well timed preparations by buying a brand new FASTag from a special financial institution earlier than the required deadline to keep away from any inconvenience.
How will the safety deposit and minimal steadiness be managed post-closure of the FASTag?
The relevant safety deposit and any remaining steadiness maintained for the Paytm Funds Financial institution FASTag can be refunded to your Paytm Funds Financial institution Pockets after the closure.
What’s the significance of the March 15 deadline for Paytm Funds Financial institution prospects?
The deadline marks the enforcement of the RBI directive, limiting new deposits and sure operations for Paytm Funds Financial institution. Prospects are inspired to make various preparations for his or her FASTags to make sure uninterrupted service.
By adhering to those pointers and taking the required steps earlier than the deadline, prospects can guarantee a seamless transition and proceed to benefit from the comfort of FASTag companies with out interruption.
(With inputs from companies)