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...]
Free Trip ! If FASTag on your car is not read by Scanners – Govt Notification
FASTag is a new system introduced for making payment in Tollgates. It will be mandatory for paying Toll payments through FASTag soon. Initially Government of India had fixed 15-12-2019 as last date for making all the lanes of Toll Plazas into FASTag lane. But now it has been fixed as 15th January 2020. Government has provided a notification regarding the fee collection … [Read more...]
NETC – Revised timings for Daily Settlement
NPCI/NETC/ OC No.02 /2017-18 To,All Members of National Electronic Toll Collection (NETC)Madam / Dear Sir, Sub: NETC - Revised timings for Daily Settlement Objective Objective of this circular is to explain the existing and proposed changes in business day cut over for NETC online transactions, disputes through EGCS, settlement files in EGCS and posting settlement … [Read more...]
Phase wise roll out of Electronic Toll Collection (ETC) Project
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 … [Read more...]