Page 2 - Fastags

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

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

FASTags with incomplete KYC to be deactivated post Jan 31, says NHAI

State-owned NHAI on Monday said FASTags with valid balance but with incomplete KYC will get deactivated by banks post January 31, 2024. To enhance efficiency of electronic toll collection system and provide seamless movement at toll plazas, NHAI has taken 'One Vehicle, One FASTag' initiative that aims to discourage use of single FASTag for multiple vehicles or linking multiple FASTags to a particular vehicle, a company statement said. NHAI is also encouraging FASTag users to complete 'Know Your Customer' (KYC) process of their latest FASTag by updating KYC as per RBI guidelines,it added. To avoid inconvenience, the statement said users must ensure that KYC of their latest FASTag is completed. It added that FASTag users must also comply with 'One Vehicle, One FASTag' and discard all the earlier issued FASTags through their respective banks. "Only the latest FASTag account shall remain active as previous tags will be deactivated/blacklisted after 31st January 2024," the statement ..

Kamats Restaurants partners with IDFC First Bank for FASTag integration

Kamats Restaurants on Saturday said it has collaborated with IDFC First Bank for easy registration and recharge of FASTag at its outlets along the highways in Maharashtra and Gujarat. Under this partnership, users can now register for a fresh FASTag or recharge their existing FASTag accounts at Kamats outlets, the restaurant chain said in a statement. "We are proud to be at the forefront of a convenient digital space in the restaurant industry. By teaming up with IDFC First Bank and integrating FASTag technology into our operations, we are not only making FASTag buying and recharging convenient while taking a meal break on the highways for our customers but also contributing to the digital transformation of India," Vikram Kamat, Founder and Chairman of The Vitskamats Group, said. There are 137 Kamats Restaurants in Maharashtra and Gujarat, including those in the two cities as well as along the highways.

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

Barrier-less toll system to be rolled out soon: Union minister V K Singh

Commuters may no longer need to wait for even half a minute at toll booths with the government planning to roll out a barrier-less tolling system soon. Trials are on for a barrier-less tolling system and "as soon as our trials succeed, we will roll it out," Minister of State (MoS) for Road Transport and Highways V K Singh said on Wednesday. The country will also move to a system of payment on the basis of kilometres travelled, the minister said at a press conference here. He said the new system of tolling will improve efficiency and reduce travel time. The use of FASTags has helped reduce the waiting time at toll plazas to 47 seconds, but the government aims to reduce it further to less than 30 seconds, he said. The pilot is already underway at the Delhi-Meerut Expressway where some technologies -- satellite-based and camera-based -- are being tested. "As you enter a highway and your vehicle registration plate is scanned by the camera and data is collated, you will be charged for

42 NH projects worth Rs 10,992 cr in bidding stage; 202 projects underway

Toll collection on national highways through FASTags cross Rs 4,000 crore in the last three months, with average toll collection higher than the previous quarter and financial year at Rs 4,406 crore

Total toll collection via FASTag grows 46% to Rs 50,855 cr in 2022: NHAI

Total toll collection through FASTag on fee plazas, including state highway toll plazas, increased 46 per cent to Rs 50,855 crore in 2022, state-owned NHAI said on Tuesday. Total toll collection through FASTag on fee plazas, including state highway toll plazas, in 2021 was Rs 34,778 crore. The average daily toll collection through FASTag on NH fee plazas in December 2022 was Rs 134.44 crore, and the single day highest collection touched Rs 144.19 crore on December 24, 2022, the National Highways Authority of India (NHAI) said in a statement. Similarly, the statement said the number of FASTag transactions also witnessed a growth of about 48 per cent year-on-year in 2022. The number of FASTag transactions in 2021 and 2022 was 219 crore and 324 crore, respectively, it added. The statement said with 6.4 crore FASTags issued as of date, the total number of FASTag-enabled fee plazas across the country also grew to 1,181 (including 323 state highway fee plazas) in 2022 from 922 in the ..

No data available on faulty FASTags, penalties collected from users: NHAI

State-owned NHAI has no information about faulty FASTags and the penalties collected from motorists in case their FASTags are non-functional at highway toll plazas. In case a motorist does not have a FASTag or it is non-functional, then the person has to pay double the toll charges at toll plazas. According to the National Highways Authority of India (NHAI), more than 6 crore FASTags have been issued as on October 31, 2022. However, it has no information about the number of faulty FASTag cases and the total amount of penalty collected from users despite having their vehicles fitted with the Radio Frequency Identification (RFID) tag. In response to RTI queries about the number of faulty FASTag cases and the amount of penalties collected from the users for non-functional FASTags, NHAI said, "no such data is available". "Total no. of 60,277,364 FASTags have been issued till 31.10.2022," it said in response to an application filed by PTI under the Right to Information Act. A FASTag a

FASTags to be replaced by automatic number plate readers: Nitin Gadkari

Automatic number plate reader cameras will read the number plates of the vehicles and automatically deduct the money from the owner's bank account

FASTag in fast lane: Spike in adoption lifts toll collection past Rs 33K cr

Adoption of fastag by travellers in the country has recorded a significant rise following the declaration of all lanes of fee plazas on National Highways as FASTag Lane

FASTag collections top Rs 4,000 crore in March, FY22 mop-up Rs 38,000 crore

Almost a third of the toll revenue came in the last quarter of the financial year alone

TMS Ep110: Online gaming, Kulmeet Bawa, markets, in-car payment

What's the future of online gaming with stakes? How does Kulmeet Bawa plan to double India's contribution for SAP India? What lies ahead for India Inc amid slowing Q3 earnings? What's in-car payment?

What is FASTag technology and how has it made life easier on highways?

FASTags are prepaid rechargeable tags affixed on the windshield of vehicles for toll collection on national highways. They work with Radio Frequency Identification (RFID) technology

What happens when an entrepreneur sets his mind on solving parking woes?

For most, Amit Lakhotia's Park+ is an app for parking spots discovery, booking and payments; others know it as the firm behind automated entry-exits gates at apartments and malls

NHAI income per FASTag declines 8% as compliance rises, shows data

The number of vehicles, which was rising since the start of the year, dipped to 116.48 million in May when a majority of the states imposed lockdowns to curb the spread of coronavirus

Paytm Payments Bank achieves milestone of issuing 10 million FASTags

Paytm Payments Bank on Wednesday said it has become the first bank in the country to achieve the milestone of issuing 1 crore FASTags. According to NPCI, over 3.47 crore FASTags were issued by all banks together till the end of June 2021. Paytm Payments Bank (PPBL) now has close to 28 per cent share as FASTag issuer bank, it said. "In the last 6 months alone, PPBL has equipped over 40 lakh commercial & private vehicles with FASTags. "Besides this, Paytm Payments Bank is also India's largest acquirer of toll plazas for the National Electronic Toll Collection (NETC) program offering an interoperable nationwide toll payment solution," it said in a statement. According to PPBL, 280 out of the total 851 toll plazas across the national and state highways are now using its payment gateway to collect toll charges digitally. "Paytm Payments Bank is also working closely with NHAI for testing and implementing multi-lane free-flow movement using automatic number plate recognition ...

Daily toll collection via FASTag reaches level recorded before second wave

The toll collection across the country through FASTag touched Rs 103.54 cr with 6.3 mn transactions on July 1, 2021

Chaos at toll plazas as commuters grapple with enforcement of FASTags

In the absence of the FASTag, the vehicle owner has to pay double the toll amount as penalty to pass through the plaza