India, Feb. 5 -- PayTm, one of India's largest digital transaction platforms, is facing a major roadblock after the Reserve Bank of India flagged the PayTm Payments Bank for irregularities. The RBI has ordered the payments bank subsidiary of One 97 Communications to stop accepting fresh deposits in its accounts March this year. Among other things, the PayTm Payments Bank also issues FASTags to vehicle owners.

The National Highways Authority of India (NHAI) had earlier issued a deadline to complete KYC details of FASTag accounts. NHAI had said FASTags with valid balances but with incomplete KYC will be deactivated after the deadline as part of its One Vehicle, One FASTag initiative. It aims to discourage use of same FASTag for multiple ve...