Page 2 - Fastag

UPI volume scales new peak of 16.99 billion in January, shows NPCI data

The number of daily transactions for January stood at 14.33 million, up from 14.23 million in December, which translated into a daily transaction value of Rs 19,562 crore

Delhi congestion tax: Vehicles may face peak hour charges at city borders

The Delhi government plans to introduce a congestion tax on vehicles entering the city during peak hours -- 8 am to 10 am and 5:30 pm to 7:30 pm -- at 13 major border entry points

New UPI AutoPay rule: No 24-hour pre-debit alert for FASTag & RuPay NCMC

Issuer banks of NETC FASTag and RuPay NCMC must ensure that auto-replenishment done under pre-debit notification exceptions is strictly used for its intended purposes of NETC FASTag and RuPay NCMC onl

Delhi govt to soon notify new rates, norms for buses at ISBTs: Raj Niwas

The Delhi government will soon notify new rates and norms for buses at interstate terminals, Raj Niwas officials said on Sunday. Lt Governor VK Saxena inspected the Maharana Pratap ISBT at Kashmere Gate on August 31 and subsequently held a high-level meeting that was attended by Delhi Transport Minister Kailash Gahlot. The transport department is set to notify the new rates and norms for to-and-fro interstate buses utilising the iconic terminals. Delhi has three operational interstate bus terminals (ISBTs) at Kashmere Gate, Anand Vihar and Sarai Kale Khan. "Emphasising that efficiency and equality are two most important factors to achieve optimum utilisation of facilities, the lieutenant governor suggested equal parking rates for government and private buses and also reducing parking time equally to achieve a higher turnaround," a Raj Niwas official said. Saxena also directed that only buses with Fastag be allowed to enter the terminals to ensure tracking. Once notified, the new

Your bank account will be automatically debited to replenish FASTag balance

Customers no longer need to manually monitor and replenish their FASTag and NCMC balances.

RBI includes auto replenishment of FASTag, NCMC in e-mandate framework

Exempts these card issuers from issuing a pre-debit notification

RBI alters rules to allow e-mandate for auto-replenishment of FASTag, NCMC

The Reserve Bank on Thursday modified its e-mandate framework and allowed auto-replenishment of FASTag and National Common Mobility Card (NCMC). The current e-mandate framework requires a pre-debit notification at least a 24-hours before the actual debit from the customer's account. In June, the RBI announced that auto-replenishment of balances in FASTag and NCMC, which are recurring in nature but without any fixed periodicity, would be facilitated under the e-mandate framework. "It has been decided to include auto-replenishment of FASTag and NCMC, as and when the balance falls below a threshold set by the customer, under the e-mandate framework," the RBI said in a circular. Payments for auto-replenishment, since they are recurring in nature but without any fixed periodicity, will be exempt from the requirement of pre-debit notification, it added.

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

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

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

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

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

One Vehicle, One FASTag rule: All you need to know

The National Highways Authority of India (NHAI) has implemented the ‘One Vehicle, One FASTag’ norm. This will help ensure smooth movement at the Toll Plazas on highways across the country.

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

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

Nhai's 'One Vehicle, One FASTag' norm comes into force from April 1

State-owned National Highways Authority of India's 'One Vehicle, One FASTag' norm, which aims to discourage the use of single FASTag for multiple vehicles or linking multiple FASTags to a particular vehicle, has come into force from Monday, a senior official said. 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. "Multiple FASTags won't work... People who have multiple FASTags for one vehicle won't be able to use all of them from today (April 1)," the official told PTI. To enhance the efficiency of the electronic toll collection system and provide seamless movement at toll plazas, the NHAI has taken the 'One Vehicle, One FASTag' initiative that aims to discourage the use of single FASTag for multiple vehicles or linking multiple FASTags to a particular vehicle. Last month, the Reserve Bank of India (RBI) had advised customers as well as merchants of Paytm Payments Bank Ltd (PPBL) t

NHAI asks Paytm FASTag users to switch to another issuing bank by March 15

NHAI has advised Paytm FASTag users to obtain a new FASTag from another bank before March 15 to ensure a smooth travel experience and avoid inconvenience at toll plazas, an official statement said on Wednesday. This will help avoid penalties or double fee charges while commuting on National Highways, as per the statement. Following the Reserve Bank of India's guidelines on restrictions concerning Paytm Payments Bank, the statement said Paytm FASTag users will no longer have the option to recharge or top-up their balance after March 15, 2024. However, they can continue to use the existing balance to pay tolls beyond the stipulated date, it added. NHAI also advised Paytm FASTag users to reach out to their respective banks or refer to the FAQs provided on the IHMCL (Indian Highway Management Company Limited) website.

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

NHAI to extend 'One Vehicle, One FASTag' initiative deadline till March-end

State-owned National Highways Authority of India (NHAI) is likely to extend 'One Vehicle, One FASTag' initiative compliance deadline to March-end, in view of the problems being faced by Paytm FASTag users, a senior official said. NHAI had earlier proposed to implement 'One Vehicle, One FASTag' initiative from March 1. "In view of the Patym crisis, the FASTAg users may be given more time to shift to one vehicle-one FASTag norm," the official told PTI on condition of anonymity. To enhance the efficiency of the electronic toll collection system and provide seamless movement at toll plazas, the NHAI has taken the 'One Vehicle, One FASTag' initiative that aims to discourage the use of single FASTag for multiple vehicles or linking multiple FASTags to a particular vehicle. Earlier this month, the Reserve Bank of India (RBI) had advised customers as well as merchants of Paytm Payments Bank Ltd (PPBL) to shift their accounts to other banks by March 15. The RBI also said withdrawal or ...