The Government of India has mandated all the vehicles running on the Indian roads to get <keyword id="3005928" type="PERSON" weightage="20" keywordseo="FASTag">FASTag</keyword> by December 1, 2019. FASTag is developed by the National Payments Corporation of India (NPCI) as part of the National Electronic Toll Collection (NETC) program. FASTag facilitates direct toll payments by deducting the toll fee from the linked account of the customer. With the date for affixing FASTag nearing, here are a few FAQs that will help you ensure compliance better. What are the benefits of FASTag? FASTag can rule out the need to wait at the long queues at the toll plazas. Some of the benefits of FASTag include promoting digital payment among the toll users, reducing pollution due to the vehicles waiting at the toll plazas and saving the time of the toll users. How to recharge FASTag? The user can recharge the FATag account online through credit card / debit card / NEFT / RTGS or Net Banking. PayTm also provides the facility to recharge FASTag. What happens if there is no adequate balance in FASTag? It is the customer’s responsibility to maintain adequate balance in the FASTag. Failing to maintain enough balance, the corresponding FASTag will be blacklisted at the toll plaza and the customer will not be able to avail of the NETC services. Hence he or she must make the toll fee in cash. This will mean that FASTag without sufficient balance is as good as a useless paper. Where can I purchase FASTag? You can purchase FASTag at any one of the NETC member banks. Some of these banks provide online facility to apply for FASTag. Once you complete the online application and submit, you can visit the said bank physically to produce the necessary supporting documents to get a new FASTag subscription for your vehicle. What documents need to be submitted for new FASTag registration? The documents you will need for new FASTag subscription include the vehicle’s registration certificate, vehicle owner’s passport size photograph and KYC documents of the vehicle owner for address and identity proof. What is the price of FASTag? The FASTag issuance charges may differ between the issuing agencies. However, the one-time joining fee is Rs 200. Where to put the FASTag on my vehicle? Once the tag account is active, you must fix the FASTag sticker to the windscreen of your vehicle. What is the penalty for not using FASTag? The National Highways Authority has directed the zonal offices to levy double toll fee as the penalty for vehicles not having FASTag. This will mean 100% penalty for not having FASTag. The rule reads thus, “User of the vehicle not fitted with FASTag entering the FASTag lane of the toll plazas shall pay a fee equivalent to two times of the fee applicable to the category of vehicle as per sub-rule (2) of rule 4.” Can FASTag be transferred to another vehicle? FASTag is vehicle specific and completely linked to the particular vehicle for which it is originally bought. It cannot be transferred to any other vehicle. How will I get to know the transactions through FASTag? When your vehicle passes through the toll plaza and your FASTag account is debited, you will get SMS alert on the registered mobile number. Do two wheelers need FASTag? Two-wheelers and three-wheelers do not need FASTag. It is essential only for four wheelers that need to pay the toll fee.

FASTag Deadline Is Nearing And Here Are A Few FAQs To Ensure Compliance

FASTag is the prepaid tag meant for vehicles to make digital payment at the toll gates thereby avoiding the long queues on national highways. FASTag is a kind of reloadable tag that will facilitate automatic deduction of toll ruling out the need for the vehicles to make a stopover for completing cash transaction. FASTag is based on radio frequency identification (RFID) technology. It is fixed onto the windscreen of the vehicle once it is active. <keyword id="8352694" type="UNKNOWN" weightage="20" keywordseo="where-to-get-fastag">Where to get FASTag</keyword>? FASTag can be got from any toll plaza or from different issuer agencies like banks. Some banks provide online facility to get FASTag that can be obtained by filling in an enquiry form. Subsequent to this, a query will be generated and then the customer needs to visit the office to fill up a form and submit the necessary supporting documents asked for the purpose of creating a FASTag account. To open a new FASTag account, you will need to submit the vehicle’s registration certificate, vehicle owner’s passport size photograph, and vehicle owner’s identity and address proof. The one time joining fee for getting FASTag is Rs 200 that the issuing agency will levy. While the FASTag is issued, a refundable deposit has to be paid to the issuer agency depending on the type of vehicle. During the time of account closure, the deposit is refunded. <keyword id="8352690" type="UNKNOWN" weightage="20" keywordseo="fastag-recharge">FASTag recharge</keyword> FASTag account can be recharged from time to time when needed using Net Banking or debit/credit card/ RTGS/NEFT payment facility. A convenience fee is charged against processing the transaction while recharging FASTag online.

Where we can get fastag card and what are the charges of this card

The deadline for paying the toll charges through FASTag has been extended to December 15, 2019, whereas the earlier deadline was December 1, 2019. While the government has given some additional time for the vehicle owners to make a switchover to this system, those vehicles crossing the toll plazas without FASTag after December 15 will have to incur twice the toll charges. This being announced, now the vehicle owners are desperately hunting for the required info <ol><li>What is FASTag system FASTag is a method of electronically paying the toll charges while the vehicles pass through the toll plazas located at the National Highways all over India. FASTag works on radio frequency identification technology that can automatically debit the toll charges applicable to the given vehicle from the linked account of the vehicle owner. Having FASTag affixed to the windshield of your vehicle will mean you will not have to stop at the toll plazas in long queues for paying the toll charges. This will make the process much easier. It is quite easy to buy, use and recharge FASTag and the whole system works in a similar fashion to the concept of mobile wallet. 
</li><li>Where to buy FASTag FASTag, the electronic toll collection tags are made available by the government through various providers like PayTM, fuel stations, banks and others. You can also buy FASTag from Amazon or any toll plaza. Talking of banks that offer FASTag, we can list out entities like Kotak Mahindra, ICICI, HDFC and others. If you wish to buy a new FASTag, you need to carry an ID proof, address proof, and vehicle registration documents. The National Highways Authority of India has requested the banks to offer FASTag free of charges. However, only a few banks have implemented the instructions. Here is an overview of the discounts available on FASTag from different banks so that you can make informed decisions while buying FASTag. 
</li><li>how much discount by PayTM for fastag PayTm charges one-time fee of Rs. 100 (tag fee) to issue FASTag. The other charges payable are a security deposit of Rs. 250, and a threshold amount. The threshold amount depends on the type of vehicle. For instance, the threshold amount for light commercial vehicles is Rs.150 and it is Rs. 200 in case of LCV’s with 2 axles.
</li><li>how much discount by HDFC Bank for fastag When you buy FASTag from HDFC bank, there is no tag joining or one-time fee till 31 December 2019 as the banker’s site says. Security deposit is Rs. 200 with the threshold amount calculated depending on the vehicle. Threshold amount for LCV is 100 and for LCV with 2 axles, it is Rs. 200.
</li><li>how much discount by ICICI Bank for fastag When you buy FASTag from ICICI, you will have to pay Rs. 499. The break up is as follows. Tag joining fee is Rs. 99.12 which includes GST. The security deposit is Rs. 200 and the minimum recharge amount is Rs. 200. A small convenience fee is applicable for online recharges.
</li><li>how much discount by SBI Bank for fastag With SBI, the FASTag issuance fee is Rs. 100 for all categories of vehicles. The minimum security deposit depends on the type of vehicle. For LCV, the security amount is Rs. 200 and for LCVs with 2 axles, it is Rs. 300. The minimum balance is Rs 100 and Rs 140 respectively in these cases. 
</li><li>how much discount by Kotak Mahindra Bank Kotak Mahindra Bank has waived off the one time joining fee or tag fee till 15 January 2020. The tag deposit is Rs. 200 and the threshold amount is Rs 200 in case of LCV. In case of LCVs with 2 axles, the tag deposit is Rs. 300 and the threshold amount is Rs 200.
</li></ol>

Fastag offers: Here's a quick guide to the discounts offered on Fastag by different banks

New Delhi, Nov 27 () The government on Wednesday said over 70 lakh FASTags have been issued so far and Tuesday saw the highest per-day sales at 1,35,583 tags.
 The National Electronic Toll Collection (NETC) programme, the flagship initiative of the Ministry of Road Transport and Highways, has been implemented on a pan-India basis in order to remove bottlenecks and ensure seamless movement of traffic and collection of user fee as per the notified rates, using passive radio frequency identification (RFID) technology.
 "Over 70 lakh FASTags have been issued till date, with the highest per-day issuance of 1,35,583 tags on November 26, 2019, (Tuesday), whereas 1.03 lakh tags were issued on the day before. The average daily issuance has grown by 330 per cent from 8,000 in July to 35,000 tags sold in November 2019," the Ministry of Road Transport and Highways said in a statement.
 After announcement of waiver of tag cost from November 21, there has been a growth in FASTag issuance, it said adding that FASTag is accepted on more than 560 toll plazas and more number of plazas are getting added on a daily basis.
 To give a major fillip to enhance digital payments and bring in enhanced transparency, the ministry said it has directed to declare all lanes of fee plazas on national highways as 'FASTag lanes' by December 1.
 However, one lane in each direction would be kept as 'hybrid lane' which will accept FASTag and other modes of payment, it added.
 "With the above mandate, average daily transactions processed through FASTag have grown from 8.8 lakh in July this year to 11.2 lakh transactions in November 2019, while the average daily collection has grown from Rs 11.2 crore to Rs 19.5 crore for the given period," the ministry said.
 To avoid difficulties at toll plazas, commuters are advised to maintain sufficient balance in the account or wallet linked to FASTag.
 All the available mode of recharges such as debit card, credit card, net banking and Unified Payments Interface have been enabled for loading money to the FASTag account.
 A customer may call on the helpline number, '1033', for any assistance related to FASTags, the ministry said and added that they can also reach out to the banks to obtain FASTags. ABI HRS

Over 70 lakh FASTags issued so far

New Delhi, Jan 3 () CSC e-Governance Services India on Friday said it has signed a memorandum of understanding with Paytm Payments Bank Ltd (PPBL) for sale of FASTags.
The agreement will facilitate sale of PPBL FASTags through the last mile network of 3.6 lakh CSCs, helping realise the government's vision of cashless and smooth transit at all toll plazas across country, a statement said.
"As per the MoU, CSC and Paytm Payments Bank will jointly aim to sell FASTags. For this, CSC will integrate its platform with Paytm Payments Bank to carry out seamless transactions," it added.
The Village Level Entrepreneurs will be trained on conducting paperless and cashless sales, the statement said.
FASTags -- which work on Radio Frequency Identification (RFID) technology -- have been made mandatory at toll gates on national highways. The FASTag process allows toll payments directly from the prepaid or savings account linked to it, thus doing away with the need for waiting in queues, saving time and fuel.
As of December 31, over 1.15 crore FASTags have been issued.
CSCs started selling FASTags in September 2017 when it partnered with Equitas Bank. Later on, State Bank of India and HDFC Bank came onboard.
Since March 2019, CSC has tied up with National Highways Authority of India (NHAI) also for selling FASTags. Around 2.84 lakh FASTags have been sold by CSCs across the country so far, with Maharashtra, Punjab, Tamil Nadu, Kerala, Haryana and Gujarat topping the list of states with maximum sales. 
"CSCs have been providing FASTag service for the past two years. With FASTags becoming mandatory, we have received more than 8 lakh orders from VLEs. The transition towards digitization of toll tax payments through digital payment is a significant step towards modernisation," CSC SPV CEO Dinesh Tyagi said.
In addition, CSCs are also serving the vehicle owners and transporters through FASTag 'top-up' through wallet recharge. So far, more than Rs 74 crore worth top-up for FASTags has been done by VLEs across the country. SR BAL

CSC inks pact with Paytm Payments Bank for sale of FASTags

New Delhi, Nov 29 () The government on Friday announced extending the date to December 15 for making FASTag mandatory for toll payments on national highways. 
 The Ministry of Road Transport and Highways had earlier announced that from December 1, toll payments on highways would be accepted through FASTags only. 
 "To facilitate sufficient lead time to citizens to obtain FASTag, it has now been decided that all the lanes in the Fee plazas shall be declared as 'FASTag lane of Fee Plaza' by December 15, 2019," a Ministry of Road Transport and Highways communication said. 
 The National Electronic Toll Collection (NETC) programme, the flagship initiative of the Ministry of Road Transport and Highways, has been implemented on a pan-India basis in order to remove bottlenecks and ensure seamless movement of traffic and collection of user fee as per the notified rates, using passive radio frequency identification (RFID) technology.
 Over 70 lakh FASTags had been issued till Wednesday, with the highest per-day issuance of 1,35,583 tags on November 26, 2019, whereas 1.03 lakh tags were issued on the day before. 
 The average daily issuance had grown by 330 per cent from 8,000 in July to 35,000 tags sold in November 2019 after the Government announced to implement it from December 1.
 After announcement of waiver of tag cost from November 21, there has been a growth in FASTag issuance.
 To give a fillip to digital payments and bring in enhanced transparency, the ministry had directed to declare all lanes of fee plazas on national highways as 'FASTag lanes' by December 1.
 However, one lane in each direction was decided to be kept as 'hybrid lane' which will accept FASTag and other modes of payment..
 "With the above mandate, average daily transactions processed through FASTag have grown from 8.8 lakh in July this year to 11.2 lakh transactions in November 2019, while the average daily collection has grown from Rs 11.2 crore to Rs 19.5 crore for the given period," the ministry has said earlier this week.
 All the available mode of recharges such as debit card, credit card, net banking and Unified Payments Interface have been enabled for loading money to the FASTag account.
 A customer may call on the helpline number, '1033', for any assistance related to FASTags, the ministry said and added that they can also reach out to the banks to obtain FASTags. NAM MR

Govt extends mandatory FASTag roll out date to Dec 15

Homegrown crypto exchange <keyword id="11973589" type="General" weightage="80" keywordseo="unocoin" source="Orion">Unocoin</keyword> on Monday launched deposits via <keyword id="12241589" type="General" weightage="20" keywordseo="UPI-wallets" source="Orion">UPI wallets</keyword> in the Indian currency for a faster top-up to buy and sell <keyword id="6395759" type="General" weightage="20" keywordseo="bitcoins" source="Orion">Bitcoins</keyword> and other <keyword id="2420795" type="General" weightage="20" keywordseo="cryptocurrencies" source="Orion">cryptocurrencies</keyword> on the platform. To trade on the Unocoin platform, a minimum top-up of ₹1,000 is required. The maximum that the user can deposit can range up to ₹2 Lakh via UPI mode and ₹1.5 crore via bank IMPS/UPI/NEFT/RTGS mode, the startup said in a statement. During the recharge process through UPI account, on clicking on ‘submit', the app will share a link via SMS that will help the user make the payment via UPI ID. One can also directly go to the UPI app to make the payment. "There is still uncertainty among the prospective users regarding the usage of cryptocurrency in comparison to real money. We want all our users to have the ease of trading or exchanging on our platform," said Sathvik Vishwanath, CEO and Co-Founder, Unocoin. "While there were other modes of banking options available since the app's inception, UPI payment under INR deposits will add the convenience of instant and hassle-free proceedings," he added. Started in 2013, Unocoin operates India's largest BTC-INR trading platform which enables the people to buy, sell, store, use and accept <keyword id="6354947" type="General" weightage="20" keywordseo="bitcoin" source="Orion">Bitcoin</keyword>. At its peak, Unocoin processed transactions worth more than ₹2 billion per month for its more than 13 lakh customers. Unocoin last month enabled FASTag payment services for its users. The application will support a top-up starting from a minimum of ₹100 to a maximum of ₹10,000 and unlimited transactions through the day, while ensuring that there is enough bitcoin in the user account to cover it. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/the-crypto-market-crash-made-it-less-attractive-to-steal-cryptocurrencies/articleshow/86754774.cms">The crypto market crash made it less attractive to steal cryptocurrencies</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/bitcoin-surges-9-as-it-punches-through-2-key-technical-resistance-levels/articleshow/86683582.cms">Bitcoin surges 9% as it punches through 2 key technical resistance levels</a>

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FASTag Deadline Is Nearing And Here Are A Few FAQs To Ensure Compliance

BI India Bureau

Where we can get fastag card and what are the charges of this card

BI India Bureau

Fastag offers: Here's a quick guide to the discounts offered on Fastag by different banks

BI India Bureau

Over 70 lakh FASTags issued so far

PTI

CSC inks pact with Paytm Payments Bank for sale of FASTags

PTI

Govt extends mandatory FASTag roll out date to Dec 15

PTI

Unocoin launches deposits via UPI wallet to buy and sell Bitcoins and other cryptocurrencies on the platform

IANS