Page 3 - Latest Updates on FASTag
New FASTag regulations from August 1: Update KYC, link to vehicle, and more
FASTag accounts that are five years old or older must be replaced from August 1
FASTag new rules from tomorrow: All about vehicle detail linking and more
The National Payments Corporation of India (NPCI) has announced new rules with a key update being the compulsory FASTag KYC needs. The KYC procedure begins on August 1
 "FASTag new rules from tomorrow: All about vehicle detail linking and more")
Beware! Incorrect FASTag placement doubles costs, risks car blacklisting
CCTV footage capturing the VRN at toll plazas will be recorded to ensure proper documentation of the fee charged and the vehicle's presence in the toll lane
 "Beware! Incorrect FASTag placement doubles costs, risks car blacklisting")
NHAI to charge double toll from vehicles with non-affixed FASTag on front
NHAI said deliberate non-affixation of FASTag on the windscreen leads to unnecessary delays at the toll plazas causing inconvenience to fellow National Highway users
 "NHAI to charge double toll from vehicles with non-affixed FASTag on front")
After historic high, UPI transactions see marginal dip in June to 13.89 bn
IMPS down by 7%, FASTag 4%; but Aadhaar Enabled Payment System (AePS) see a 11% jump in volume & 7% in value
 "After historic high, UPI transactions see marginal dip in June to 13.89 bn")
One Vehicle, One FASTag enforced: Here's what all users must know
NHAI's decision to implement the 'One Vehicle, One FASTag' policy stems from concerns over the misuse of FASTags
In a first, yearly transactions through UPI cross 100 billion in FY24
The year also saw a record value of Rs 199.89 trillion, compared to Rs 139.1 trillion. In February 2024, transactions stood at 12.10 billion and Rs 18.28 trillion, respectively
 "In a first, yearly transactions through UPI cross 100 billion in FY24")
E-insurance, FASTag, ITR filing, medicine prices: What changes from April 1
As April 2024 begins, we enter a new financial year with significant updates impacting our finances and investments. Take a look at what changes from today
 "E-insurance, FASTag, ITR filing, medicine prices: What changes from April 1")
Nhai's 'One Vehicle, One FASTag' norm comes into force from April 1
NHAI had extended the 'One Vehicle, One FASTag' initiative compliance deadline to March-end, in view of the problems being faced by Paytm FASTag users
 "Nhai's 'One Vehicle, One FASTag' norm comes into force from April 1")
NHAI asks Paytm FASTag users to switch to another issuing bank by March 15
This will help avoid penalties or double fee charges while commuting on National Highways, as per the statement
 "NHAI asks Paytm FASTag users to switch to another issuing bank by March 15")
FASTag KYC last date today: Check how to update and documents required here
NHAI is likely to extend the 'One Vehicle, One FASTag' initiative compliance deadline to March-end
 "FASTag KYC last date today: Check how to update and documents required here")
NHAI to extend 'One Vehicle, One FASTag' initiative deadline till March-end
NHAI had earlier proposed to implement 'One Vehicle, One FASTag' initiative from March 1
 "NHAI to extend 'One Vehicle, One FASTag' initiative deadline till March-end")
Paytm Payments Bank crisis: How to deactivate Paytm FASTag and buy new one
In the recently released FAQs, the RBI suggested users procure a new FASTag issued by a bank other than Paytm Payments Bank before March 15
 "Paytm Payments Bank crisis: How to deactivate Paytm FASTag and buy new one")
RBI to meet NHAI, NPCI to discuss rescue plan for Paytm PB users: Report
NPCI oversees the United Payments Interface payments, and NHAI operates the FASTag service
 "RBI to meet NHAI, NPCI to discuss rescue plan for Paytm PB users: Report")
UPI transactions reach a record Rs 18.41 trillion in January: NPCI data
According to data shared by the National Payments Corporation of India (NPCI), January numbers were 52 per cent higher in volume compared to the same month last financial year
 "UPI transactions reach a record Rs 18.41 trillion in January: NPCI data")
FASTag KYC update 2024: Things to know about documents needed for KYC
FASTag KYC online: For those customers who fail to complete the KYC today, their FASTags will become inoperative
FASTag KYC update 2024: All you know about documents needed for your KYC
After January 31, 2024, according to NHAI, banks will deactivate or blacklist all FASTags with incomplete KYC updates. FASTag accounts that are not updated will be deactivated or blacklisted
 "FASTag KYC update 2024: All you know about documents needed for your KYC")
Paytm Bank: FASTag payments now available at Chennai airport parking
Paytm Payments Bank Ltd has partnered with Olympia Group to offer the service to customers at the facility, a press release on Tuesday said
 "Paytm Bank: FASTag payments now available at Chennai airport parking")
FASTags with incomplete KYC to be deactivated after Jan: How to update info
FASTag, operated by the NHAI, is an electronic toll collection system in India that uses Radio Frequency Identification technology for making toll payments
No phones, cards needed, your car can pay for its fuel and Fastag directly
The service can be availed by linking the Unified Payments Interface (UPI) with the car's infotainment system, thus eliminating the need for a smartphone to make payments
 "No phones, cards needed, your car can pay for its fuel and Fastag directly")