National Highways Authority of India (NHAI) on Sunday said it has collected ₹20 crore from 18 lakh defaulters who entered the FASTag lanes at electronic toll plazas on National Highways without the tag. Rolling out the electronic toll collection programme across India in December, the Ministry of Road Transport and Highways had said that double toll charge would be collected … [Read more...]
Paytm Bank joins with Ola & Uber to provide FASTags to one lakh drivers across all major cities
Paytm Payments Bank said it has entered into a strategic partnership with ride-hailing companies, Ola and Uber, and will provide FASTags to more than 1 lakh driver-partners. The company said it has set up over 12 camps at Uber Green zones across all the major cities including Delhi-NCR, Bangalore, Chennai Kerala, Hyderabad, Kolkata, Guwahati, Pune, Ahmedabad, Mumbai, and … [Read more...]
SBI FASTag account allowed to keep a value up to Rs 10,000 in the “limited KYC” option
SBI FASTag: FASTag is now mandatory for driving vehicles on highways in the country. Based on a radio frequency identification- or RFID-based system, FASTag enables the toll to be deducted automatically from a prepaid account when the vehicle crosses a toll plaza on a highway. Simply put, FASTag enables automatic, cashless deduction of toll charges when a registered vehicle … [Read more...]
FASTag in Petrol bunks to beat queues
Sample this. You drive into a petrol pump, a Radio-frequency Identification (RFID) reader on the fuel nozzle finds out how much petrol or diesel you want to buy, the attendant refills your car tank and you drive out without waiting to pay the bill. This is the scene across several HPCL petrol pumps in Mumbai, Navi Mumbai, Thane and Pune. Mumbai-based startup AGS Transact … [Read more...]
FASTag rules relaxed plazas have been allowed to convert up to 25 per cent of all fee lanes
The move comes in the wake of NHAI raising concerns regarding high cash transactions on its 65 identified fee plazas. The government has relaxed norms for declaration of FASTag fee lanes for 30 days from Wednesday (January 15) at the identified 65 high cash transactions fee plazas of NHAI. These plazas have been allowed to convert up to 25 per cent of all fee lanes to … [Read more...]