Categories: Stock Market News

New FASTag Rules: Penalties, Blacklisting & How to Avoid Them

Starting February 17, 2025, the National Payments Corporation of India (NPCI) and the Ministry of Road Transport & Highways are rolling out new FASTag rules to improve toll payment efficiency and reduce disputes. These include stricter penalties for low-balance and blacklisted FASTags, revised chargeback procedures, and new transaction time limits.

Highlights

  • Delayed FASTag transactions (beyond 15 minutes) may lead to extra charges.
  • Chargeback requests can only be raised after a 15-day cooling period.
  • Blacklisted or inactive FASTags will be declined at toll plazas.
  • Transactions from inactive FASTags (for over 60 minutes) will be automatically rejected.

Penalties for Delayed Transactions

  • If a toll transaction is not processed within 15 minutes of the vehicle passing the toll reader, the user may be charged extra.
  • If the FASTag does not have enough balance, the toll operator will be responsible for the failed transaction.
  • If a user is charged incorrectly, they must wait 15 days before disputing the deduction.

New Chargeback Process & 15-Day Cooling Period

Chargebacks (Refund Requests) for Wrong Deductions:

  • Users can dispute wrong deductions only after waiting for 15 days.
  • If a chargeback is raised before 15 days, it will be automatically rejected with error code 5290 (Cooling period not completed).
  • The exact date for implementing this in the NETC system will be announced separately.

Transactions from Inactive/Blacklisted FASTags to be Rejected

  • If a FASTag has been inactive for over 60 minutes before crossing the toll and remains inactive for another 10 minutes after, the transaction will be declined.
  • Such failed payments will be rejected with error code 176.

How to Avoid FASTag Penalties & Rejections

  1. Keep Sufficient Balance: Always top up your FASTag wallet before traveling.
  2. Monitor Transactions: If deductions don’t happen immediately, check for possible delays.
  3. Wait 15 Days Before Disputing a Wrong Charge: Raising a chargeback too early will result in automatic rejection.
  4. Check FASTag Activity: Ensure your FASTag is active and not blacklisted to prevent payment failures.

Important Takeaways

  • Toll payments processed after 15 minutes may incur extra charges.
  • Chargeback requests before the 15-day cooling period will be rejected.
  • FASTags inactive for over 60 minutes may face automatic rejection.
  • New rules come into effect on February 17, 2025.

Also read: SEBI Mandates Public Consultation for Rule Amendments

NiftyTrader

Published by
NiftyTrader

Recent Posts

Aviation Minister Halts FDTL Orders, Says IndiGo Flight Schedules Will Stabilise by Tomorrow

IndiGo Crisis Intensifies as Govt Steps In; DGCA Suspends FDTL Rules, Full Restoration Expected in…

4 hours ago

RBI Rate Cut Sparks Market Rally as Sensex Gains 450 Points and Nifty Nears 26,200

Markets Cheer RBI’s Growth-Driven Rate Cut as Sensex Rises 447 Points and Nifty Ends Near…

4 hours ago

Market Experts Reveal 10 Stocks Likely to Gain From RBI’s Rate Cut and Higher GDP Estimate

RBI Cuts Repo Rate and Lifts Growth Forecast, Boosting Sentiment in Rate-Sensitive Stocks In a…

5 hours ago

CAMS Stock Appears to Plunge After 1:5 Split — But the Drop Is Only a Technical Adjustment

CAMS Shares Appear to Plunge 80% as 1:5 Stock Split Kicks In, but Investors Are…

6 hours ago

Trading Platforms Face Downtime as Cloudflare Outage Spreads to Zerodha, Groww and Others

Major Cloudflare Outage Ripples Across India’s Trading Platforms, Disrupting Market Activity A sudden Cloudflare outage…

6 hours ago

IndiGo Shares Rebound After DGCA Grants Partial Relief on Pilot Duty Norms

IndiGo Shares Bounce Back as DGCA Offers Partial Relief on Pilot Duty Rules Amid Nationwide…

7 hours ago

This website uses cookies.