Get App
you are here: HomeNewsBusiness
Last Updated : Jan 14, 2020 03:46 PM IST | Source:

Govt to introduce cash recharge option for FASTags

Currently, about 40 percent of the traffic is being registered in the hybrid lanes at toll plazas.

Soon, the government will make the cash recharge option for FASTags available, The Economic Times reported.

Currently, about 40 percent of the traffic is being registered in the hybrid lanes at toll plazas, as per the report. Hybrid lanes are meant for both cash and electronic collection of toll. However, from January 15 - the deadline for the mandatory implementation of FASTags, toll plazas across India will have only one permitted hybrid lane in each direction.

This is the scenario almost a month after the government made FASTags mandatory at around 75 percent of toll plazas across national highways. After the toll collection via FASTags soared since December 15, the penetration of electronic toll collection has now stagnated.


In addition to this, from January 15 onward, passengers would be allowed to pass without paying any toll at plazas where the FASTags are not read properly.

To make the toll payment process smoother, the Reserve Bank of India (RBI) has also allowed linking of authorised payment instruments and other such payment methods to FASTags. This will mean that users will be able to link their FASTags to any payment wallet irrespective of where they bought it from in the first place. This will also enable them to easily recharge their FASTags via Paytm, Google Pay, BHIM, PhonePe and other similar apps.

Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Jan 14, 2020 03:46 pm
Follow us on
Available On