February 29 is the final day to finish your Fastag KYC. In accordance with earlier order, Fastag that aren’t KYC-compliant can be deactivated after February 29. However this may occasionally change. As based on a report by information company PTI, atate-owned Nationwide Highways Authority of India (NHAI) is prone to lengthen ‘One Automobile, One FASTag‘ initiative compliance deadline to March-end
Purpose: The issues being face by Paytm Fastag customers. In accordance with the report, in view of the issues being confronted by Paytm FASTag customers, a senior official stated that NHAI could lengthen the deadline by a month. NHAI had earlier proposed to implement ‘One Automobile, One FASTag’ initiative from March 1.
“In view of the Patym disaster, the FASTAg customers could also be given extra time to shift to at least one vehicle-one FASTag norm,” the official informed PTI on situation of anonymity.
‘One Automobile, One FASTag’ initiative
To boost the effectivity of the digital toll assortment system and guarantee seamless motion at toll plazas, NHAI has launched the ‘One Automobile, One FASTag’ initiative. This initiative goals to discourage using a single FASTag for a number of automobiles or linking a number of FASTags to a single car.
RBI to Paytm Funds Financial institution Ltd
Earlier this month, the Reserve Financial institution of India (RBI) suggested each prospects and retailers of Paytm Funds Financial institution Ltd (PPBL) to switch their accounts to different banks by March 15. The RBI clarified that PPBL prospects can proceed to withdraw or make the most of balances from their accounts, together with financial savings accounts, present accounts, pay as you go devices, FASTags, and Nationwide Widespread Mobility Playing cards, with none restrictions, as much as their accessible stability even past March 15.
Relating to FASTags, the RBI’s FAQs state that customers can nonetheless use their present FASTags to pay tolls as much as the accessible stability. Nonetheless, after March 15, 2024, no additional funding or top-ups can be allowed for FASTags issued by Paytm Funds Financial institution.
FASTag, with a exceptional penetration charge of round 98 p.c and over 8 crore customers, has revolutionized the digital toll assortment system in India. It operates by means of Radio Frequency Identification (RFID) know-how, permitting toll funds instantly from the linked pay as you go or financial savings account or instantly from the toll proprietor.
Purpose: The issues being face by Paytm Fastag customers. In accordance with the report, in view of the issues being confronted by Paytm FASTag customers, a senior official stated that NHAI could lengthen the deadline by a month. NHAI had earlier proposed to implement ‘One Automobile, One FASTag’ initiative from March 1.
“In view of the Patym disaster, the FASTAg customers could also be given extra time to shift to at least one vehicle-one FASTag norm,” the official informed PTI on situation of anonymity.
‘One Automobile, One FASTag’ initiative
To boost the effectivity of the digital toll assortment system and guarantee seamless motion at toll plazas, NHAI has launched the ‘One Automobile, One FASTag’ initiative. This initiative goals to discourage using a single FASTag for a number of automobiles or linking a number of FASTags to a single car.
RBI to Paytm Funds Financial institution Ltd
Earlier this month, the Reserve Financial institution of India (RBI) suggested each prospects and retailers of Paytm Funds Financial institution Ltd (PPBL) to switch their accounts to different banks by March 15. The RBI clarified that PPBL prospects can proceed to withdraw or make the most of balances from their accounts, together with financial savings accounts, present accounts, pay as you go devices, FASTags, and Nationwide Widespread Mobility Playing cards, with none restrictions, as much as their accessible stability even past March 15.
Relating to FASTags, the RBI’s FAQs state that customers can nonetheless use their present FASTags to pay tolls as much as the accessible stability. Nonetheless, after March 15, 2024, no additional funding or top-ups can be allowed for FASTags issued by Paytm Funds Financial institution.
FASTag, with a exceptional penetration charge of round 98 p.c and over 8 crore customers, has revolutionized the digital toll assortment system in India. It operates by means of Radio Frequency Identification (RFID) know-how, permitting toll funds instantly from the linked pay as you go or financial savings account or instantly from the toll proprietor.
