FASTag – Timeline Daily

17Feb

Business

The Paytm Payments Bank Puzzle

The Paytm Payments Bank Limited (PPBL) had hit a setback with restrictions issued by the RBI on January 31, 2024 on the basis of persistent non-compliance and material supervisory issues in the PPBL. On this matter, after the RBI exercised its powers against the PPBL under Section 35A of the Banking...

What Happens To Your FASTag issued By Paytm Payments Bank

16Feb

Business

What Happens To Your FASTag issued By Paytm Payments Bank

Following the Reserve Bank of India's (RBI) decision for the closure of services provided by Paytm Payments Bank Ltd (PPBL), questions have arisen regarding the fate of FASTags issued by the bank. In response, the RBI has provided a set of Frequently Asked Questions (FAQs) addressing concerns regard...

Centre’s Plans For GPS-Based Toll Collection Trigger Concerns

22Jan

Auto, Business

Centre’s Plans For GPS-Based Toll Collection Trigger Concerns

The National Highways Authority of India (NHAI) is reportedly preparing to unveil GPS-based toll collection across India. Anurag Jain, Road Transport and Highways Secretary, said earlier that GPS-based toll collection will be tested on select highway stretches before making it operational across the...

FASTags With Incomplete KYC To Be Deactivated Soon

16Jan

India

FASTags With Incomplete KYC To Be Deactivated Soon

The National Highway Authority of India (NHAI) has made a significant announcement that FASTags with valid balances but with incomplete Know Your Customer (KYC) will get deactivated soon. NHAI informed that such FASTags will be deactivated by banks after January 31, 2024. The Ministry of Road Tra...