How to Transfer Paytm Fastag to IndusInd Bank?

FASTags have recently become essential to digital transactions on Indian highways, allowing seamless toll payments. Paytm, a popular digital payment platform, now offers FASTags for easy travel. However, individuals may need to transfer their FASTags from one bank to another for various reasons, including better service, lower fees, or specific banking preferences. Therefore, if you want to transfer Paytm Fastag to IndusInd Bank, this step-by-step guide will show you how.

Understanding FASTag:

Given the widespread acceptance of Paytm Fastag in easing toll transactions on Indian national highways, accompanied by its integration with the Paytm wallet or linked bank accounts, change Paytm Fastag to an equivalent offering from IndusInd Bank emerges as a feasible alternative. Fortunately, executing this task requires minimal effort and adhering to essential procedures, rendering the overall experience highly accessible and user-friendly.

Reasons for Transfer Paytm FASTag to IndusInd Bank

There could be various reasons why people prefer to shift Paytm Fastag to IndusInd Bank. Some of the most common reasons are:

Better Customer Service: When people inquire about FASTags, they can seek better customer service. +917497822202

Reduced Fees: To encourage people to transfer their FASTags, IndusInd Bank may provide attractive fee structures or cashback incentives. Therefore, lower fees could be a reason to switch FASTags to IndusInd Bank.

Banking Preferences: Consequently, for ease of use and better management, some clients would combine their banking services under one provider instead.

Improved Features: IndusInd Bank might provide extra features or advantages that better suit the requirements and preferences of the user.

Documents Required :- Before you begin the transfer Paytm fastag process, make sure you have the following:

• Active Paytm Fastag linked to your Paytm wallet/bank account
• Valid IndusInd Bank savings/current account 
• IndusInd Bank internet banking credentials
• Vehicle registration details
• Original Paytm Fastag device

Steps to Transfer Paytm FASTag to IndusInd Bank:

Step 1: Sign in to Your Paytm Account

Access your Paytm account by entering your login credentials to initiate the process. Once logged in, locate the FASTag section under Passbook & Banks.

Step 2: Opt for Deactivate / Transfer

Within the FASTag section, you’ll view an option of  Deactivate/Transfer. Subsequently, click on this option to redirect you to a new page.

Step 3: Select Transfer

From the presented choices of deactivation and transfer, opt for the transfer Paytm fastag option. This signals your intention to shift your FASTag account from Paytm to IndusInd Bank.

Step 4: Input Relevant Details

You’ll be prompted to furnish details about your FASTag account and vehicle. These details include your vehicle’s registration number, FASTag issuer’s name, and the reason for the transfer. Ensure all mandatory fields are filled accurately.

Step 5: Submit Application Form

Upon completing the necessary fields, properly review the application form and click the submit button. Upon submission, Paytm will generate a unique reference number for your transaction. Retain this number for future reference.

Step 6: Reach Out to IndusInd Bank

Following the submission of your application on Paytm, get in touch with IndusInd Bank to kickstart the transfer procedure. You can contact their customer care helpline or visit the nearest branch to speak with a representative for transfer Paytm fastag. Remember to carry essential documents such as your vehicle registration certificate, proof of address, and identification proof.

Step 7: Fulfill Know Your Customer (KYC) Requirements

Furthermore, engaging in the mandatory KYC procedure becomes vital to enable the FASTag account with IndusInd Bank effectively. This entails presenting essential documentation comprising a PAN card, an Aadhaar card, and other pertinent papers per the bank’s specified guidelines.

Step 8: Await Confirmation

After completing the KYC process, allow a few days for the bank to finalize the change fastag bank. Once approved, you’ll receive a welcome kit from IndusInd Bank containing the FASTag sticker and instructions on activating it.

Tips to keep in mind while Shifting Paytm Fastag to IndusInd Bank

While transferring your Paytm Fastag to IndusInd Bank is relatively straightforward, there are a few things you should keep in mind:

• Make sure your Paytm Fastag is not expired or blocked. If it is, you must resolve those issues before transferring it.
• Double-check the details you enter during the transfer process. Any mistakes could delay the transfer or cause problems later on.
• Keep your mobile phone charged and nearby, as you will need it to verify your identity during the transfer process.
• Be patient and allow up to three business days for the transfer to complete.

Conclusion

Moreover, transferring Paytm Fastag to IndusInd Bank is quick and easy by following the online process outlined above. This lets you port your prepaid wallet balance and switch Paytm Fastag to IndusInd Bank’s Fastag program linked to your account. Once activated, the new Fastag can be used for seamless cashless toll payments across highway plazas in India. Maintaining sufficient balance and ensuring proper linkage to your account for uninterrupted transactions is essential.
Visit us to know more about fastag: Fastag Suvidha