fastag

Last Updated: February 16, 2024, 15:57 ISTWho Is The Best Fastag Service Provider? Your Guide to Choosing the Perfect One.Discover your perfect Fastag companion! From time-saving benefits to eco-friendly features, find the best fit for your journey hassle-free.FASTags are those stickers on your windshield that make toll booths a breeze. No more digging for change or waiting in line.But with countless Fastag options, you might be wondering which one is the best fit for you. Fear not, we’re here to help you find the ideal…

The National Highway Authority of India (NHAI) has removed Paytm Payments Bank Ltd (PPBL) from its list of authorized banks for FASTag services. This move comes after the Reserve Bank of India (RBI) took action against PPBL for allegedly violating know-your-customer (KYC) norms and onboarding norms. FASTag is a device that uses Radio Frequency Identification (RFID) technology for making toll payments electronically. It is affixed to the windshield of a vehicle and allows motorists to pass through toll plazas without…

Image Source : FILE Representational Image Paytm's parent company, One97 Communications, received a setback from the Reserve Bank of India (RBI), instructing Paytm Payments Bank to halt major payment services by the end of February due to persistent non-compliance issues. Despite being separate entities, the Paytm app and Paytm Payments Bank share aspects, including…

The Reserve Bank of India barred all services of the Paytm Payments Bank Ltd (PPBL) on Wednesday, dealing a major blow to one of India's prominent fintech companies. But what does this mean for you, your wallet and related services?Here's all you need to know.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisitIIM LucknowIIML…

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Last Updated: January 16, 2024, 14:00 ISTAll vehicle owners are now required to update the KYC attached to their FASTags. If they fail to update their details, their FASTag will be deactivated post-January 31.FASTags without KYC verification will be blacklisted by banks after January 31.Almost a decade after its launch in 2014, the National Highways Authority of India (NHAI) has started the ‘One Vehicle, One FASTag‘ initiative. It aims to ensure no vehicle uses multiple FASTags.The initiative will also make sure that the…

FASTag has been made mandatory since February 15, 2021. From that day, all lanes of toll plazas on national highways were declared FASTag lanes. This was done to achieve 100 per cent electronic toll collection. Representational imageAccording to government data seen by News18, the average per day toll collection in financial year 2023-24 stood at a massive Rs 150 crore during the first eight months, compared to Rs 131.5 crore per day during 2022-23 and Rs 93 crore in 2021-22Reaching an all-time high, the average per day…

Only a few years after the implementation of the Fastags, it seems like that the Union government is now bringing in a new toll collection system based on the GPS. By March next year, the Indian government will install new collection systems that will replace the toll plazas altogether. Speaking at an event, Nitin Gadkari, Minister of Roadways and Transport in India said that the central government is looking for a system to replace the toll plazas all through India and the new GPS satellite-based toll-collection…

Samsung Wallet has been updated with support for several new features in India. Owners of the company's Samsung Galaxy smartphones will now be able to store official documents securely using the Samsung Wallet app. They will also be able to recharge and manage their FASTag funds from within the Wallet app. The update will make it more convenient for Samsung customers in India, where most users with smartphones and Internet connectivity are accustomed to using digital services for day-to-day transactions.According to a…

FASTag is an electronic toll collection system in India that uses Radio Frequency Identification (RFID) technology to make toll payments directly from a prepaid or savings account linked to it. It is affixed on the windscreen of the vehicle and enables drivers to drive through toll plazas without stopping for transactions. FASTag is mandatory for all vehicles plying on national highways in India. You can purchase FASTag from any authorised dealer or bank. The cost of FASTag is nominal and it can be recharged online or at…