Monday, July 14, 2025

Creating liberating content

Need a boost to kickstart your week? After a relaxing

Market experts indicate that ongoing uncertainty in trade talks could

While Jannik Sinner’s Wimbledon victory grabbed headlines, Sonam Kapoor stole

NEW DELHI: In an event-heavy week, stock investors will track

Related News

Need a boost to kickstart your week? After a relaxing weekend, Mondays can feel tough and challenging for many. But the right words can shift your mindset and inspire you

Market experts indicate that ongoing uncertainty in trade talks could maintain markets in a consolidative phase. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices,

While Jannik Sinner’s Wimbledon victory grabbed headlines, Sonam Kapoor stole the show in the style stakes. The actress sported a cream pinstriped Neeva suit, complete with vintage Manolo Blahnik heels

NEW DELHI: In an event-heavy week, stock investors will track quarterly earnings of several bluechip firms, likely outcome of ongoing India-US trade talks, and inflation data for market cues, analysts

NEW DELHI: Large-scale electronics manufacturing and pharmaceuticals cornered about 70 per cent of total incentive disbursements in 2024-25 under PLI schemes. In 2024-25, the government has disbursed Rs 10,114 crore.

NEW DELHI: Drug major Cipla is preparing to foray into the weight management segment in India, its MD and global CEO Umang Vohra said in the company’s annual report for

Trending News

Market experts indicate that ongoing uncertainty in trade talks could maintain markets in a consolidative phase. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices,

NEW DELHI: In an event-heavy week, stock investors will track quarterly earnings of several bluechip firms, likely outcome of ongoing India-US trade talks, and inflation data for market cues, analysts

NEW DELHI: Drug major Cipla is preparing to foray into the weight management segment in India, its MD and global CEO Umang Vohra said in the company’s annual report for

SpaceX has committed $2 billion to xAI as part of a $5 billion equity round, deepening the ties between tech billionaire Elon Musk’s ventures as his artificial intelligence startup races

MUMBAI: Improvement in tax administration has resulted in a five-fold jump in income tax refunds, while direct tax collections rose three times over the last decade. The time taken has

BENGALURU: Infosys McCamish Systems (IMS), a subsidiary of Infosys BPM, entered a stipulation and consent order with the State of Vermont’s Department of Financial Regulation (DFR) for failing to provide

New FASTag Rules, Penalties To Be Effective From February 17

Word Count: 341 | Estimated Reading Time: 2 minutes




New Delhi:

New FASTag rules, imposing extra penalties on users with low balance, delayed payments or blacklisted tags, will come into force from Monday.

The National Payments Corporation of India (NPCI) and the Ministry of Road Transport and Highways have issued some key changes to the FASTag ecosystem, aiming to streamline toll payments, reduce disputes and curb frauds.

Starting February 17, new FASTag rules will affect users who delay payments or have blacklisted tags.

If a FASTag has been inactive for more than 60 minutes before the vehicle crosses the toll and remains inactive up to 10 minutes after passing, the transaction will be declined.

The system will reject such payments with “error code 176”. This rule is set to be implemented from February 17.

Apart from this, there are also changes in terms of the Chargeback process and cooling period as well as transaction rejection rules to streamline toll payments and reduce disputes.

According to new guidelines, FASTag users may incur additional charges if their toll transactions are processed beyond 15 minutes from the time the vehicle passes the toll reader.

According to updated National Electronic Toll Collection (NETC) guidelines, if a transaction is delayed and the user’s FASTag account has insufficient balance, the toll operator will be held responsible.

However, if the amount is deducted, users can dispute the charge, but only after a mandatory 15-day cooling period.

Users can ensure sufficient balance in the FASTag wallet before travelling, monitor transaction times to check for delays in deduction, and stay informed about FASTag status to prevent rejections due to inactivity.

As per the NPCI circular published on January 28, the FASTag balance validation will follow a stricter schedule.

Previously, users could recharge their FASTag at the toll booth and still pass through. Because of this, users must verify their FASTag status well in advance.

According to latest NPCI data, FASTag transactions grew by 6 per cent in December last year to 382 million, against 359 million in November.

The value also increased by 9 per cent to Rs 6,642 crore in December against Rs 6,070 crore in November.




Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account