Kotak Mahindra Bank Ltd (KMBL) has touched the milestone of issuing one million FASTags, as per the latest data released by payments regulator, National Payments Corporation of India (NPCI).
This achievement also makes KMBL as the fourth largest FASTag provider in the month of October 2021.
In February 2021, the centre directed that all lanes in toll plazas at national highways be made as FASTag lanes and FASTag should mandatory for all vehicles.
Puneet Kapoor, President – Products, Alternate Channels and Customer Experience Delivery, Kotak Mahindra Bank said, “We are grateful to our customers for trusting us and banking on us as their ‘travel buddy’. Our smooth digital interfaces, easy accessibility to agents, and customised solutions for customers have made us the preferred choice for our customers. Kotak NETC FASTag also offers a wide range of attractive offers.”