Top Section
Explore Business Standard
Don’t miss the latest developments in business and finance.
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
NHAI is likely to extend the 'One Vehicle, One FASTag' initiative compliance deadline to March-end
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
FASTag KYC online: For those customers who fail to complete the KYC today, their FASTags will become inoperative
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
The government made FASTags mandatory from February 15 midnight
National Highways Authority of India said its daily toll collection through FASTag has reached about Rs 104 crore
The Supreme Court on Friday declined to entertain a plea against making FASTags mandatory for motor vehicles
FASTag contributes over 75 percent of the total toll collection
To avoid inconvenience to people on account of the mandatory rollout of FASTag from Friday, hybrid lanes at toll plazas on National Highways will remain operational till February 15, the government said. Payments can be made through FASTag as well as cash at the hybrid lanes, the Ministry of Road Transport and Highways clarified. "Ministry of Road Transport & Highways has mandated fitment of FASTag with effect from 1st January, 2021, in M and N categories of motor vehicles sold before 1st December, 2017," the ministry said in a statement on Thursday. Category 'M' stands for a motor vehicle with at least four wheels used for carrying passengers. Category 'N' stands for a motor vehicle with at least four wheels used for carrying goods, which may also carry persons. "It is clarified that this Central Motor Vehicle Rule stands in force as it is. However, at hybrid lanes of fee plazas on National Highways, fee payment can be made through FASTag as well as in cash mode till 15th ...
The National Highways Authority of India said it has updated the FASTag app to add a new feature to provide balance status to users
FASTags will be mandatory for vehicles from January 1, 2021, Union minister Nitin Gakdari said
The ministry also proposes to make FASTags mandatory for vehicles sold before December 2017
Investment in public infrastructure will be essential to pull the economy out of the massive downturn the pandemic has imposed
One is not sure if the transition to a cashless system will leave scope for investigation on previously under reported toll.
The National Highways Authority of India (NHAI) started electronic toll collection through RFID-based FASTags on its 523 toll plazas across the country from December 15 for seamless flow of traffic
From December 15, 2019 FASTag will be mandatory. If FASTag is missing from your vehicle, the driver will have to pay double the toll tax
The date has been extended by 15 days to give people more time to enable their vehicles with FASTag
Since FASTag is mandatory, it's better to understand its risks; linking it to your savings will lead to balance being deducted from your bank account
A FASTag is a device that employs Radio Frequency Identification (RFID) technology for making toll payments directly from the prepaid or savings account