FASTag cashless toll payment mechanism for National highways crosses 10,000 sales mark

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Published: July 8, 2016 6:22:48 PM

FASTag is operational on more than 335 toll plazas on National Highways across the country.

National highwayFASTag is operational on more than 335 toll plazas on National Highways across the country.

FASTag, the Nitin Gadkari-led Ministry of Road Transport & Highways’ initiative, crossed the 10,000 sales mark in the month of June. According to a release, the monthly transaction through Electronic Toll Collection of the cashless payment mechanism has crossed Rs 1 crore.

NHAI rolled out cashless payment mechanism (FASTag) on toll plazas on National Highways in April this year. “FASTag offers near non-stop movement of vehicles through user plazas and convenience of cashless payments of toll fee with nationwide Electronic Toll Collection Services,” says the Ministry release.
FASTag is operational on more than 335 toll plazas on National Highways across the country.
A dedicated FASTag lane has been earmarked at 48 toll plazas on Delhi – Mumbai and Mumbai-Chennai Corridors. To facilitate the purchase of FASTag by road users, Points of Sale on 23 Toll Plazas are available on these two corridors.
In order to promote cashless payment through FASTag, the government has allowed NHAI to give 10% cash back incentive on toll payments in financial year 2016-17 for FASTag users. The cash back amount for a particular month is credited back to the FASTag account at the beginning of the next month. In addition, NHAI has decided to provide FASTag to existing monthly pass holders by absorbing the one-time cost of their FASTags.
NHAI aims to cross 2 lakh FASTag by financial year end and fix dedicated lanes for ETC/FASTag on all national highways.
“Use of FASTag shall increase user convenience from payments without stops at toll plazas, thus, saving time, money and fuel. The online payments shall improve transparency of toll transactions and reduce revenue leakages, thus, improving overall efficiency and commercial competitiveness,” the release added.

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