June 17, 2024 17:12 (IST)
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Paytm Payments Bank releases FAQs on FASTag refunds, minimum balance

Mumbai: Paytm Payments Bank Ltd (PPBL), on Friday, released a set of frequently asked questions (FAQs) for its customers, explaining the process for obtaining refunds for security deposits and minimum balances in FASTag accounts, media reports said.

Paytm FASTag users must procure tag from another bank by Mar 15: NHAI

New Delhi: In line with the guidelines issued by the Reserve Bank of India (RBI) regarding restriction on Paytm Payments Bank Limited, the NHAI on Wednesday advised Paytm FASTag users to procure new FASTag before March 15, 2024.

Daily toll collection through FASTag reaches record high of over Rs. 193 cr

New Delhi: The daily toll collection through the FASTag system achieved a historic milestone, reaching an all-time high collection of Rs 193.15 crore with 1.16 crore transactions recorded in a single day on April 29, the Ministry of Road Transport & Highways.

SBI FASTag: All you need to know

With the wheel of the economy - gradually opened-up - NETC FASTag has been witnessing exponential year-on-year growth of 53% in terms of its transaction volume. It touched 243.64 million transactions in February 2022 viz-a-viz 158.96 million transactions in the same month, a year ago.

Here’s How FASTag - the Contactless Digital Payment Tag Works

The Indian government has made it mandatory from 1 Dec, 2019 to use a contactless payment card for cash-free and faster transactions at National Highway toll plazas across the country. All new four-wheelers will be expected to have FASTag devices fitted by car manufacturers on the front windscreen. Currently, this program is active across 450+ toll plazas across the country and the remaining will be covered soon for the mandate implementation by the Govt. Of India. The notice follows an amendment by central government to the 1989 Central Motor Vehicle Rules according to the powers conferred on it by Motor Vehicle Act, 1989. Let’s take you through a FASTag overview and understand everything about it, in detail.