From February 15, 2021, FASTag has turn out to be obligatory for all automobiles throughout the nation. If you haven’t but purchased FASTag and understood the way it works, it’s excessive time you be taught all the pieces about it. FASTag is a government-initiated program that works like a pay as you go system for toll plazas on nationwide highways. Over 20 main banks are permitted to subject FASTag that can be utilized to facilitate a cost assortment system at toll plazas.
Initially began in 2014 between Ahmedabad and Mumbai, the federal government has made FASTag obligatory for all new automobiles offered in India in 2017. From February 15, 2021, all 600+ toll plazas of NHAI and over 100 state freeway toll plazas will acquire funds primarily utilizing FASTag. In case any automobile doesn’t have FASTag, will probably be allowed to cross the toll plaza solely after paying toll prices in double.
How does it work?
FASTag makes use of Radio Frequency Identification know-how or RFID to permit customers to pay toll charges straight from their financial savings or pay as you go accounts. Indian Highway Management Company Limited, a subsidiary of National Highway Authority of India, operates the know-how. The RFID induced sticker is affixed on the windscreen of the automobile. FASTag is straight linked to your pay as you go pockets which you’ll hyperlink to your Savings or Current account.
When RFID interacts with the FASTag system on the toll plaza, the cost will get deducted out of your pockets robotically making it a wholly cashless transaction. The toll plaza data all the knowledge from the FASTag when the automobile handed by it, eliminating the necessity of halt throughout the journey.
Why is FASTag necessary?
Transport Corporation of India (TCI) and IIM Kolkata researched the time automobiles spend on toll plazas. They discovered that yearly India loses round USD 6.6 billion as a consequence of transportation delays. To rectify the difficulty, the federal government launched the Electronic Toll Collection system. A National Highways Programme was introduced to reconstruct the toll assortment system for higher effectivity of the National Highway Grid.
Benefits of FASTag
The primary intention of FASTag system is to make sure excellent visitors stream and cut back congestion on the toll plazas. Apart from smoother vehicular motion, there are a number of different advantages of FASTag.
For common commuters who use highways incessantly will spend lesser time trying to find change at toll plazas.
As it’s completely contactless, it ensures hygiene and security.
Due to the least human intervention, it makes the cost course of environment friendly and efficient.
It helps in decreasing carbon footprint because it reduces the time spent by automobiles on toll plazas.
FASTag is obligatory even when you don’t take the automobile on highways
The authorities is aiming to make FASTag a one-stop-solution for all utilities together with parking tons and so forth. FASTag shall be obligatory to get third-party insurance coverage from April 1, 2021. Any automobile can legally run on Indian roads provided that the proprietor has opted for minimal insurance coverage cowl, also called third-party insurance coverage. If you enter a FASTag lane with out FASTag, you’ll have to pay double the charges. The similar rule will apply when you would not have a adequate steadiness in your pay as you go pockets.
How to get FASTag?
You should buy FASTag from any one of many approved banks, together with SBI, HDFC, ICICI, Paytm and a number of other others. You can even purchase FASTag from toll plazas. You will want some paperwork to purchase FASTag:
Registration Certificate of the vehiclePassport photograph of the proprietor of the vehicleKYC paperwork based mostly on the class of the automobile, i.e. private or corporatePAN Card/Voter ID/PassportAadhar CardHow to recharge FASTag?
You can recharge your FASTag utilizing completely different modes of funds together with Credit Card, Debit Card, Netbanking, NEFT and others.
What if FASTag will get broken?
In case FASTag will get broken, you will get a substitute from the issuer.
What if somebody sells the automobile?
If you promote your automobile to another person, inform the issuer in regards to the switch.
Though the system is powerful and works completely, if there’s any criticism relating to incorrect deduction or it doesn’t work regardless of having steadiness within the pay as you go account, please contact the issuer. The company will evaluation the criticism and act accordingly.