India  

Paytm Payments Bank barred from selling fresh FASTags

IndiaTimes Thursday, 25 January 2024
Indian Highways Management Company (IHMCL), the arm of NHAI, has barred Paytm Payments Bank from issuing fresh FASTags and taking up new toll plazas due to non-compliance. IHMCL seeks a response from the bank on why it should not be penalized. The decision won't affect existing FASTag customers. Other entities may face similar action in the future.
0
shares
ShareTweetSavePostSend
 

💡 newsR Knowledge: Other News Mentions

FASTag Electronic toll collection system in India

Changes From 1st April 202 That Will Affect Your Life: Top Things That You Must Know Now| Oneindia [Video]

Changes From 1st April 202 That Will Affect Your Life: Top Things That You Must Know Now| Oneindia

India welcomes FY 2024-25, ushering in new rules from April 1, including reduced LPG cylinder prices and a revised tax regime. Taxpayers can now choose between old and new tax systems, while FASTag users must update KYC details to avoid disruptions. Meanwhile, essential medicines and car prices see marginal increases. #India #LPGCylinder #Carprices #NewTaxRegime #FastTag #KYCDetails #Medicines #NirmalaSitharaman #NewTaxSlab #Indianews #Businessnews #Worldnews #Oneindia #Oneindianews ~ED.194~GR.123~

Credit: Oneindia    Duration: 04:13Published

You Might Like


Related videos from verified sources

RBI Bars Paytm Payments Bank: UPI and Deposits Restricted | Oneindia News [Video]

RBI Bars Paytm Payments Bank: UPI and Deposits Restricted | Oneindia News

The Reserve Bank of India (RBI) imposes stringent restrictions on Paytm Payments Bank, prohibiting UPI services and deposits after February 29, 2024. Learn more about the regulatory actions and their..

Credit: Oneindia     Duration: 02:26Published

Related news from verified sources

Paytm Payments Bank services to stop next month including wallet, FASTag, etc

The Reserve Bank of India (RBI) on Wednesday announced a ban on Paytm Payments Bank Ltd (PPBL) from accepting deposits or facilitating any credit transactions...
BGR India

PayTm FASTag To Stop Working After Feb 28? Here's What To Do

Paytm faces restrictions by RBI, barring funds acceptance in Paytm Payments Bank due to compliance issues; FASTags and wallet deposits prohibited.
Zee News