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Paytm Fastag Account: Deactivation, Balance Transfer, and Refund Guide

Are you a Paytm Fastag user looking to manage your account effectively? In this comprehensive guide, we’ll walk you through the process of deactivating your Paytm Fastag account, transferring any remaining balance, and obtaining a refund. Whether you’re switching to a new provider or simply closing your account, we’ve got you covered with step-by-step instructions and valuable tips to ensure a smooth experience. Read on to learn how to navigate the process seamlessly.

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The Reserve Bank’s directive on January 31st mandated Paytm Payments Bank (PPBL) to cease deposit acceptance and top-ups across all customer accounts, wallets, FASTTags, and related instruments starting February 29th. This deadline was later extended to March 15th. In response, the RBI has tasked the National Payments Corporation of India (NPCI), the UPI overseer, to assess One97 Communication Ltd’s (OCL) bid, Paytm’s parent company, to serve as a Third-Party Application Provider (TPAP) for the UPI channel. This development follows Paytm Payments Bank’s recent removal by the Indian Highways Management Company Ltd (IHMCL) from the approved banks list for Fastag sales.

For Fastag users affiliated with Paytm Payments Bank, here are some recommended actions:

  1. Utilize Existing Balance: Users are encouraged to utilize any remaining balance in their Paytm Fastag account at the earliest. While this balance remains accessible beyond March 15th, 2024, it’s advisable to exhaust it beforehand. After March 15th, 2024, topping up or recharging Fastags issued by Paytm Payments Bank will be unavailable. Obtaining a new Fastag from an alternative bank before March 15th, 2024, is suggested to prevent disruptions.
  2. Request Refunds: Users can seek refunds for any remaining balance in their Paytm Fastag account.

Can users transfer their Paytm Fastag balance to a new Fastag issued by another bank?

Regrettably, RBI regulations preclude balance transfers for Fastag products. Consequently, users must close their existing Fastag issued by Paytm Payments Bank and initiate a refund request from the bank. This process also applies to the National Common Mobility Card (NCMC) issued by Paytm Payments Bank.

How can users request a refund for their Paytm Fastag?

Users can contact Paytm’s toll-free number: 1800-120-4210 and furnish their registered mobile number alongside the Vehicle Registration Number (VRN) or Tag ID. Alternatively, users can engage with Paytm’s customer support through the Paytm app. The company ensures that a Customer Support agent will reach out to verify the Fastag closure.

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Apple’s “Awe Dropping” Event: iPhone 17 Air and Everything to Expect This Tuesday

Apple’s biggest product launch in years is just 48 hours away, and the iPhone 17 Air could be the most radical iPhone redesign since the iPhone X. Here’s everything we know about Tuesday’s event.

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Apple’s highly anticipated fall event is scheduled for Tuesday, September 9 at 10 AM PT (10:30 PM IST), promising what could be the company’s biggest product refresh in years.

Concept render of iPhone 17 and iPhone 17 Air showing their rear designs and camera setups

The iPhone 17 Lineup:

  • iPhone 17 Air: Ultra-thin at just 5.5mm thick, 6.6-inch 120Hz display, A19 chip
  • iPhone 17 Pro: Starting at $1,099 (up $100), 256GB base storage
  • iPhone 17 Pro Max: Redesigned camera system
  • Standard iPhone 17: Expected pricing and specs
  • Major Software Updates:
  • Apple will announce the official release dates for its 2025 software lineup, all numbered with “26” to represent the September 2025-2026 season:
  • iOS 26: Features the new “Liquid Glass” user interface, redesigned Camera app, enhanced ChatGPT integration, improved Apple Intelligence capabilities
  • iPadOS 26: Introduces a completely new windowing system, Preview app for iPad, enhanced Files app with folder customization, Background Tasks for intensive operations
  • macOS Tahoe 26: New features and improvements for Mac users
  • watchOS 26: Updated features for Apple Watch
  • visionOS 26: Updates for Vision Pro headset
  • The iOS 26 public release is expected around September 15-16, with release candidates available immediately after the September 9 event.

Other Expected Launches:

  • Apple Watch Series 11 and Ultra 3
  • AirPods Pro 3 with health tracking
  • Possible Mac updates

Key Dates:

  • Event: September 9, 10 AM PT (10:30 PM IST)
  • Pre-orders: September 12, 5 AM PT
  • iOS 26 Release: September 15-16 (expected)
  • Hardware Release: September 19

The iPhone 17 Air represents Apple’s biggest design shift in years, prioritizing thinness over battery life with only a single rear camera.

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Red Sea Cable Cuts Cripple Microsoft Azure, Disrupt 17% of Global Internet Traffic

Multiple undersea fiber optic cables were cut in the Red Sea, disrupting Microsoft Azure services and slowing internet traffic across Asia, the Middle East, and Europe—affecting nearly 17% of global connectivity.

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Multiple undersea fiber optic cables in the Red Sea were damaged, causing significant disruptions to Microsoft’s Azure cloud platform and affecting internet connectivity across India, Pakistan, UAE, and other regions.

The impact:

  • Microsoft Azure users experiencing increased latency, especially for Asia-Europe traffic routes
  • Nearly 17% of global internet traffic flows through Red Sea cables
  • Key systems affected include SMW4, IMEWE, SEACOM/TGN-EA, AAE-1, and EIG cables
  • Failures occurred near Jeddah, Saudi Arabia

Microsoft’s response: “Undersea fiber cuts can take time to repair; as such, we will continuously monitor, rebalance, and optimize routing to reduce customer impact in the meantime.”

The broader concern: The Red Sea is one of the world’s most critical internet chokepoints. With ongoing regional conflicts, experts worry critical digital infrastructure could become deliberate targets.

Repair timeline: Subsea cable repairs typically take weeks due to the logistics of mobilizing cable repair ships and securing permits in politically sensitive waters.

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Tesla’s AI5 Chip Breakthrough: Musk Calls It “Epic,” Promises Life-Saving Technology

Elon Musk just announced Tesla completed design review for their AI5 chip and it’s going to be ‘epic’—while simultaneously recruiting engineers to join Tesla’s silicon team to work on ‘life-saving’ chips where ‘milliseconds matter.

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Image: NurPhoto via Getty Images

Tesla CEO Elon Musk announced a major breakthrough today with the company’s AI5 chip design, calling it “epic” and predicting the upcoming AI6 could be “the best AI chip by far”.

In a social media post, Musk revealed: “Just had a great design review today with the Tesla AI5 chip design team! This is going to be an epic chip. And AI6 to follow has a shot at being the best AI chip by far.”

What makes this significant:

  • Tesla is consolidating from two chip architectures to one, focusing all silicon talent on a single incredible chip
  • Musk believes AI5 will be “the best inference chip for models with fewer than 250 billion parameters”
  • The chip offers “the lowest silicon cost and highest performance-to-power ratio”
  • AI6 is expected to advance these capabilities even further

The job recruitment angle: Musk is actively recruiting engineers, emphasizing they’d be working on chips that “save lives” where “milliseconds matter”—clearly referencing Tesla’s autonomous driving ambitions.

This comes after Tesla shut down its Dojo supercomputer project last month, with the company deciding to focus resources on a single chip architecture rather than splitting development.

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