How to Transfer Paytm FASTag Balance and Deactivate account: A Step-by-Step Complete Guide

Paytm, one of the most popular digital payments apps in India, is in a little trouble right after the Reserve Bank of India (RBI) ordered the Paytm Payments Bank (PPBL) to put a stop to all its operations.

This has created a lot of confusion among the users of Paytm, and they are unclear until they know which services will be working and what is going to change. One such major issue is being faced by FASTag users.

According to Paytm, the FASTag services on the platform will keep running the way they were until now. However, RBI’s intervention is making a lot of users move their FASTag accounts to other applications and banks.

Also, Read How to Transfer Money from Paytm Payments Bank to Other Bank Accounts

If you are someone who is looking to move their FASTag account from the platform, then you are at the right place. In this article, we will describe the switch from Paytm via a step-by-step guide so that you don’t experience any hiccups in the process.

How to use and transfer Paytm FASTag balance?

Moving your FASTag account from Paytm to any other platform is no rocket science, so there is no need to hurry or get anxious(throw the nervousness out of the window first).

You have to understand that the FASTag is linked to a particular bank, and the balance of that count is used for all kinds of transactions. So, moving your FASTag to a new bank means you have to first deactivate your old FASTag and then get a new one.

Also, Read RBI banned Paytm Payments Bank: What will work and not work; details

How to deactivate your Paytm FASTag?

• Simply log into your Paytm account via your smartphone.
• Now, head to the FASTag section that you will find in the menu.
• Navigate to the ‘Help and Support’ section of FASTag.
• You just need to raise a deactivation request, after which your account will be deactivated successfully.
• After your account gets deactivated, make sure that you dispose of the old FASTag from your vehicle to avoid any kind of misuse related to it.

What’s next?

• After successfully deactivating your FASTag account on Paytm, you need to choose a new bank account for your FASTag.
• Once you shortlist the bank, apply for a FASTag account on their application and official website, or you can also visit the physical branch of the bank for the same.
• Once the process starts, you will be supposed to provide the registration details of your vehicle to link it to a new FASTag account.

Also, Read Paytm begins charging platform Fees on Mobile Recharges after PhonePe

What’s more you need to know?

You have to know firsthand that there is no way to transfer the existing balance from your Paytm FASTag to a new bank’s FASTag. Moreover, avoid having multiple FASTags active for the same vehicle, as it can lead to duplicate charges.

To do the same, ensure that your old account is deactivated before getting a new running account. To make your activation of a new FASTag account seamless, keep a check on your KYC details and provide the bank with the new ones if there are any considerable changes.

Also, Read Google removes the Paytm from Google Play Store

Conclusion

So, by following the guidelines mentioned earlier, you can get a new FASTag account and leave Paytm for all the good reasons. However, if you have any money left in the Paytm FASTag account, then exhaust it first before applying for a new FASTag account with any other bank.

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