• Home
  • FASTag news
  • NETC
  • FAQ for Banks
  • Customer’s FAQ
  • Fee and Charges
  • Register Online
  • Disclaimer

Fastag News

Latest news and update about Fastag

  • What is FASTag
  • NPCI
  • Live Members
  • Procedural Guidelines
  • FASTag Statistics
  • Approved Tag Supplier List

Phase wise roll out of Electronic Toll Collection (ETC) Project

January 6, 2020 by Admin Leave a Comment

NPCI: ETC: OC: No.01:2016-17

To,
All Member Banks,

Dear Sir/Madam,

Phase wise roll out of Electronic Toll Collection (ETC) Project

Background

National Highway Authority of India (NHAI) / Indian Highway Management Company Ltd. (IHMCL) has issued a letter of Intent (LOI) to NPCI for creating ETC solution which would be interoperable and scalable.

RBI Approval

Subsequently NPCI has also submitted the concept note to RBI for its approval. The proposed architecture is based on four party model (Issuer/Acquirer/NPCl/Toll Plaza operator) and NPCI would act as a central clearing house and lay down the standards & specifications for the program. NPCI has also released the draft Procedural Guidelines & Technical Specification documents in this regard. The program roll out is subject to final RBI approval.

Proposed Commercial Model

Transaction charges to be paid by IHMCL/NHAI to NPCI and in turn distributed between Issuer Bank, Acquirer Bank & NPCI as per below details:

  Issuer Acquirer NPCI
Payout 1.5% 1.25% 0.25%

Note:

All transactions (on-us & off-us) have to be routed through NETC Network by the member banks. The NPCI charges shall be applicable for all transactions. For Phase l, member bank would receive the entire 2.75% (as Issuing & Acquiring is done by the same bank).

Roll-out Plan

NPCI invites confirmation from its member banks for participation in ETC project. The following is an indicative timeframe for the overall process.

View the official copy

Source: NETC

Filed Under: FASTag news Tagged With: FASTag, FASTag news, NETC

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Email Newsletter

Social Media

  • Facebook
  • Google+
  • Instagram
  • Twitter

NPCI

NPCI-Logo

NPCI operates National Electronic Toll Collection (NETC)

National Payments Corporation of India (NPCI) was incorporated in 2008 as an umbrella organization for operating retail payments and settlement systems in India. An initiative of RBI and IBA under the … [Read More...]

News

Highway toll fee to go up from 20th April 2020 in Tamil Nadu

Highway toll fee to go up from 20th April 2020 in Tamil Nadu

By Admin Leave a Comment

CHENNAI: Motorists passing through 26 toll gates in the State set up by the National Highways … [Read More...]

NHAI turns lockdown into opportunity to redress disputes worth Rs 80,000 crore

NHAI turns lockdown into opportunity to redress disputes worth Rs 80,000 crore

By Admin Leave a Comment

NEW DELHI: Turning the COVID-19 lockdown into an "opportunity", highways regulator NHAI is working … [Read More...]

Bank of Baroda waives digital transaction charges for three months

Bank of Baroda waives digital transaction charges for three months

By Admin Leave a Comment

Bank of Baroda waives digital transaction charges for three months. New Delhi: Bank of BarodaNSE … [Read More...]

Toll Collection suspension across India due to Covid-19

Toll Collection suspension across India due to Covid-19

By Admin Leave a Comment

Toll Collection suspension across India till April 14th, 2020. Union Minister: In view of Covid-19, … [Read More...]

Toll discount on local exemption through FASTag

Toll discount on local exemption through FASTag

By Admin Leave a Comment

FASTag Discount: Toll Discount on return journey within 24 hours and on local exemption through … [Read More...]

Copyright © 2021 fastagnews.in