Important aspects, features and use of FASTag
Posted on: 05/Dec/2019 12:08:23 PM
Purpose
In order to save fuel, time and pollution and to ensure seamless movement of traffic, Ministry of Road Transport & Highways has launched the National Electronic Toll Collection program (NETC).
Implementation plan
So, the government has decided to declare all lanes at toll fee plaza on national highways as `FASTag lanes` from 15th December. The FASTags were supposed to be implemented across the country by 1st December but the Ministry of Road Transport and Highways (MORTH) extended the FASTag deadline to December 15 for the convenience of vehicle owners.
What is FASTag?
FASTag is a device that employs Radio Frequency Identification (RFID) technology for making toll payments directly while the vehicle is in motion, according to the official website of the National Electronic Toll Collection.
10 important points to know about FASTag
Penalty
Please note that according to the Ministry of Road Transport and Highways, non-FASTag users will be charged double the fee from 15th December 15, if they pass through FASTag-only lanes. Accordingly, the National Highways Authority of India (NHAI) has equipped all fee plazas with Electronic Toll Collection System.
App
NHAI has also launched MyFASTag APP for ease in availability of FASTag, This app will provide information regarding FASTag along with the location of the point of sales (POSs) and charging/ linking with NHAI/other wallets or bank accounts.
Special lane for FASTag users
According to the National Highways Fee (Determination of Rates and Collection) Rules, 2008, a FASTag lane in a toll plaza is reserved exclusively for movement of FASTag users.
Mode of operation
The radio-frequency identification (RFID)-based FASTag is affixed on the windscreen of the vehicle. It allows for direct payment of fee from the prepaid or savings account linked to it and enables vehicles to drive through without stopping for transactions.
Procuring FASTag
The tag, which can be purchased from tag issuers, is multi-layered and made of good quality paper, containing chip and antenna inside its layers.
Payment facility
All the major banks are offering FASTag payment facilities. State Bank of India, ICICI Bank, HDFC Bank, Axis Bank and Kotak Mahindra Bank is part of the National Electronic Toll Collection (NETC) initiative rolled out by National Payments Corporation of India (NPCI), under the guidelines of National Highway Authority of India (NHAI) and Indian Highways Management Company Limited (IHMCL).
Refundable Security Deposit
State Bank of India (SBI) - the country`s largest lender - charges a security amount of Rs 200-400 for the issuance of RFID tags for different classes of vehicles. This amount is refunded to the customer at the time of closure of the RFID tag account, according to the SBI FASTag website - fastag.onlinesbi.com.
Insurance facility for FASTag
HDFC Bank charges a one-time fee of Rs 200 plus service tax for issuance of FASTag. The refundable security deposit depends on the vehicle type, the lender said on the website- fastag.hdfcbank.com.
