Paytm has launched a new feature enabling direct FASTag recharges through its mobile application. This development aims to support users amid the regulatory scrutiny faced by Paytm Payments Bank Ltd (PPBL).
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The RBI earlier directed Paytm Payments Bank to halt the onboarding of new customers and refrain from accepting fresh deposits post March 15, 2024.
Here are the steps to recharge FASTag via Paytm app:
Step 1:
Tap ‘FASTag Recharge’ option under ‘Bill Payments’ section
Step 2: Select the FASTag issuing bank which can be IDFC First Bank, ICICI Bank, HDFC Bank, Kotak Mahindra Bank, State Bank of India, AU Bank, Airtel Payments Bank, Axis Bank, Bandhan Bank, Bank of Baroda, Bank of Maharashtra, Canara Bank, Equitas Small Finance Bank, Federal Bank, IDBI Bank, IOB Fastag, Indian Bank, Indian Highways Management Company, IndusInd Bank, Karnataka Bank, UCO Bank, The South Indian Bank Ltd, Union Bank of India and others.
Step 3: Enter the FASTag linked vehicle number and tap on ‘Proceed’.
Step 4: Confirm details, enter amount.
Step 5: Tap on ‘Proceed to Pay’ to complete
Once the recharge process is complete, the amount will be updated to the FASTag.
Meanwhile, Paytm users who wish to buy HDFC FASTag can follow the process mentioned below:
Step 1: On the Paytm app, search for ‘Buy HDFC FASTag’ and tap on it.
Step 2: Enter customer and vehicle details.
Step 3: Make payment and get the HDFC FASTag delivered to the home address.
FASTags are mandatory for all four-wheeler vehicles and use radio-frequency identification technology (RFID) for a reusable tag affixed to the vehicle’s windscreen.
When a vehicle crosses a toll plaza, the FASTag facilitates the instant automatic deduction of toll charges, making toll payments more efficient.
(Edited by : Shoma Bhattacharjee)
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