FASTag is part of the government's broader initiative to promote digital payments and improve the efficiency of road transportation. Since February 2021, FASTag has been made mandatory for all vehicles in India, except for some exemptions like two-wheelers and certain categories of vehicles.
FASTag is part of the government's broader initiative to promote digital payments and improve the efficiency of road transportation. Since February 2021, FASTag has been made mandatory for all vehicles in India, except for some exemptions like two-wheelers and certain categories of vehicles.
Financial Changes Effective April 1, FY 2024-25As the financial year 2023-24 draws to a close, significant financial amendments are poised to reshape personal finance from April 1, marking the beginning of the new fiscal year.
The National Highways Authority of India (NHAI) has advised all Paytm Fastag users to switch to a new issuer authorised by NHAI. Here's how to close your Paytm FASTag in easy steps.
The National Highways Authority of India (NHAI) has advised Paytm FASTag users to procure a new FASTag issued by another bank before March 15.
FASTag is an electronic toll collection system in India, operated by the NHAI. It employs Radio Frequency Identification (RFID) technology for making toll payments directly from the prepaid or savings account linked to it or directly toll owner.
The month of March will bring about various key financial changes, impacting the lives of the people. From Paytm Payments Bank to FASTag deactivation, there are several services which will undergo changes in March 2024.
The National Highway Authority of India's 'One Vehicle One Fastag' initiative aims to improve toll collection and reduce traffic. Here's a guide on how to update your KYC online and offline, along with checking your KYC status.
NHAI's "One Vehicle, One FASTag" initiative aims to streamline toll payment processes and curb misuse of FASTags. Failure to comply could lead to inconvenience and delays at toll plazas. Updating FASTag KYC is a straightforward process through the IHMCL customer portal.
As per the recently released FAQs by the RBI, users will no longer be able to recharge their FASTags issued by PPBL after March 15.
Paytm FASTag has encountered difficulties following recent regulatory constraints from the Reserve Bank of India affecting Paytm services.
Since the Reserve Bank of India's directive, reportedly, there has been a surge in downloads of competitor apps, such as PhonePe and BHIM, while Paytm's downloads have declined.
Paytm faces a directive from the RBI to stop major payment services, causing concerns for FASTag users; while services continue normally until February 29, Paytm is working on solutions for a seamless customer experience. Here are the details.
FASTag is an electronic toll collection system in India, operated by the NHAI. It employs Radio Frequency Identification (RFID) technology for making toll payments directly from the prepaid or savings account linked to it or directly toll owner.
The National Highway Authority of India (NHAI) has announced that it will be deactivating those FASTags for which Know Your Customer (KYC) is not done. The last date to update the KYC of FASTags is January 31.
The move aims to prevent the issuance of multiple FASTags for a single vehicle, the distribution of FASTags without proper Know Your Customer (KYC) verification, and the intentional non-fixing of FASTags on vehicle windscreens.
FasTag Cybercrime: A man recently lost 2.4 lakh when he followed the steps suggested by the customer service providers, which were later discovered that it was fake. Here is everything you need to know about the scam and how to take care of your bank account.
The 'pay by car' feature also facilitates the hassle-free recharge of FASTags. Once the recharge is completed, the updated balance will be readily viewable on the car's infotainment screen.
By following these straightforward steps, you can conveniently check your FASTag balance using popular payment apps like Google Pay, Paytm, and PhonePe. This allows you to stay informed about your toll tax balance and ensure a smooth travel experience at toll plazas.
The partnership between Paytm Payments Bank Limited (PPBL) and MG Infra Solutions brings the convenience of digital payments to car parking services in Noida. With the use of Paytm FASTag, individuals can now make cashless payments for parking fees, eliminating the need for physical currency.
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