The National Payments Corporation of India is the specialized division of Reserve Bank of India which is under the jurisdiction of Ministry of Finance, Government of India. It was created by RBI for operating retail payments and settlement systems in India.
1. Human Intervention.
2. Cash transaction.
3. Managing tags for parking.
4. In out details may not be available.
5. Number of vehicle present in the premises are not available.
6. Long waiting ques.
7. Realtime record may not be available.
1. RFID UHF FASTag are issued by the NPCI.
2. Vehicle comes on the parking, FASTag is scanned, ANPR Camera reads the number plate, CCTV camera takes the picture, boom barrier opens, vehicle enter the parking area.
3. At the time of exit same process is repeated and based on the time spend in the parking area, parking fees is calculated and amount is deducted directly from the user account via FASTag.
4. Boom Barrier opens, vehicle make the exit.
1. No need to have separate tags for parking. 2. All the transactions are done by one tag only.
3. Payment are done automatically.
4. No need to wait at the parking entrance.
5. Touchless transaction, avoiding any infection in this COVID scenario.
6. All records are generated kept on real time basis.