Banks Asked Not To Levy Charges On NEFT From Ja...

Banks Asked Not To Levy Charges On NEFT From January 2020

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Deal Lieutenant
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Banks Asked Not To Levy Charges On NEFT From January 2020

The central bank has also proposed that FASTags would be enabled to pay for parking fee and even at fuel stations.

https://www.ndtv.com/business/banks-asked-not-t...

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Deal Subedar
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FASTag must be pasted to the windshield and therefore not portable. Every vehicle must have its own FASTag irrespective of whether it goes through toll plaza every day or only once a year. If it was like a metro card, one family will require only one card or even frieds can use the same card. But in its present form, every verhicle needs its own FASTag. In order to work, it must be first loaded with value. So the FASTag operator gets interest free deposit without giving any guarantee.
A minimum of Rs.500 per vehicle. No calculate the number of vehicles in India. Then multiply by 500. As of 2016, there were more than 23 Cr registered vehicles. That must be now around 30 Cr. So the total money involved is 1500 Cr. or more.
If they only wanted auto deduction, they would have made it possible to link it to a bank account without the need to preload and also made it like a metro card, portable that can be used by any holder.
That is the real scam of FASTag.

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Deal Subedar
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panchabhut wrote:

FASTag must be pasted to the windshield and therefore not portable. Every vehicle must have its own FASTag irrespective of whether it goes through toll plaza every day or only once a year. If it was like a metro card, one family will require only one card or even frieds can use the same card. But in its present form, every verhicle needs its own FASTag. In order to work, it must be first loaded with value. So the FASTag operator gets interest free deposit without giving any guarantee.
A minimum of Rs.500 per vehicle. No calculate the number of vehicles in India. Then multiply by 500. As of 2016, there were more than 23 Cr registered vehicles. That must be no around 30 Cr. So the total money involved is 1500 Cr. or more.
If they only wanted autho deduction, they would have made it possible to link it to a bank account without the need to preload and also made it like a metro card, portable that can be used by any holder.
That is the real scam of FASTag.

who is responsible for this mess ?

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Deal Subedar
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panchabhut wrote:

FASTag must be pasted to the windshield and therefore not portable. Every vehicle must have its own FASTag irrespective of whether it goes through toll plaza every day or only once a year. If it was like a metro card, one family will require only one card or even frieds can use the same card. But in its present form, every verhicle needs its own FASTag. In order to work, it must be first loaded with value. So the FASTag operator gets interest free deposit without giving any guarantee.
A minimum of Rs.500 per vehicle. No calculate the number of vehicles in India. Then multiply by 500. As of 2016, there were more than 23 Cr registered vehicles. That must be now around 30 Cr. So the total money involved is 1500 Cr. or more.
If they only wanted auto deduction, they would have made it possible to link it to a bank account without the need to preload and also made it like a metro card, portable that can be used by any holder.
That is the real scam of FASTag.

True, Aap ki baat me dum hai.

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Deal Cadet
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Baat mein dum hai, but toll payment keliye jo line lagti hai, usme bahut jayada dum hai…..

Toll should be removed permanently……

The transport association has already offered govt one time down payment (paid from their own pockets) to remove tolls, they say they waste loads of Diesel due to queues at toll gate

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