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“In view of the Patym disaster, the FASTAg customers could also be given extra time to shift to 1 vehicle-one FASTag norm,” the official informed PTI on situation of anonymity.
To boost the effectivity of the digital toll assortment system and supply seamless motion at toll plazas, the NHAI has taken the ‘One Car, One FASTag’ initiative that goals to discourage the usage of single FASTag for a number of autos or linking a number of FASTags to a selected automobile.
Earlier this month, the Reserve Financial institution of India (RBI) had suggested clients in addition to retailers of Paytm Funds Financial institution Ltd (PPBL) to shift their accounts to different banks by March 15.
The RBI additionally stated withdrawal or utilisation of balances by PPBL clients from their accounts, together with saving financial institution accounts, present accounts, pay as you go devices, FASTags, Nationwide Widespread Mobility Playing cards, might be permitted with none restrictions, as much as their accessible steadiness even past March 15.
On FASTags, the RBI’s FAQs stated one can proceed to make use of them to pay toll as much as the accessible steadiness. “Nevertheless, no additional funding or top-ups might be allowed within the FASTags issued by Paytm Funds Financial institution after March 15, 2024,” it had stated. With a penetration price of round 98 per cent and over 8 crore customers, FASTag has revolutionised the digital toll assortment system within the nation.
FASTag is an digital toll assortment system in India, operated by the NHAI. It employs Radio Frequency Identification (RFID) expertise for making toll funds immediately from the pay as you go or financial savings account linked to it or immediately toll proprietor.
