India, Feb. 19 -- It will be the end of the road for PayTm FASTags from March 15 after the RBI extended deadline last week to make deposits in wallets and FASTag accounts using PayTm Payments Bank. The central bank has already advised customers to shift their FASTag accounts to other banks to avoid inconvenience. Earlier, the National Highways Authority of India (NHAI) also delisted PayTm as one of the authorised banks to issue FASTags to vehicle owners.

The Reserve Bank of India issued a list of frequently asked questions regarding its order against PayTm Payments Bank that will impact the digital wallet platform's several services including FASTag accounts. The central bank has pushed back the deadline to stop deposits from February 29...