The Road Transport and Highways Ministry enforced FASTags for toll payments from December 1, 2019. A FASTag is a pre-paid rechargeable tag service that allows the driver to make automatic toll payment, without stopping or waiting in queue. This was done to save time and ensure that every passing vehicle is scanned and accounted for. An activated FASTag, installed on the vehicle windshield, uses Radio Frequency Identification (RFID) to communicate with the scanner that automatically deducts the amount from the linked bank account. FASTags are issued by 22 certified banks and can be obtained from Points-of-Sale (POS) at toll plazas along the National Highway or select bank branches. They were also made available on e-commerce platforms such as Amazon. Users can either self-activate the tag using the My FASTag app (Android and iOS) and link their existing bank account to it; or get it activated at any branch of a certified bank. The mobile app also allows users a prepaid wallet facility from National Highways Authority of India (NHAI) where they can load money for deduction instead of directly linking their bank account. The National Payments Corporation of India (NPCI) listed banks will also serve as points to recharge existing FASTag. Users can do so via UPI, cheque, debit card, credit card, NEFT or Net Banking. More
Launched on August 15, the annual pass worth Rs 3,000 gives customers toll-free access up to 200 trips through National Highways in a year, translating into Rs 15 per toll passing, considerably cheaper than the regular fares.
A new annual pass is available which will facilitate easy toll payment for frequent highway users by offering 200 trips or one-year validity.
NHAI has launched a Rs 3,000 FASTag Annual Pass for non-commercial vehicles, valid for one year or 200 crossings, offering seamless highway travel without frequent toll top-ups via the Rajmargyatra app.
The government has introduced a Rs 3,000 FASTag annual pass for private vehicles from August 15, allowing 200 toll trips or one-year validity on NHAI and MoRTH-operated highways.
Here’s everything you should know about Fastag Annual Pass.
Daily transaction volumes reached 613 million, up from 602.6 million in May. The pace of growth has moderated, with annual expansion falling to 32.5%, the lowest in over five years
The FASTag-based annual pass system will become effective across the country on national highways and national expressways from August 15.
The FASTag-based annual pass will only be for private vehicles such as cars, jeeps, and vans, and not for commercial vehicles.
‘ANPR-FASTag-based Barrier-Less Tolling System’ will be implemented at selected toll plazas, says Ministry of Road Transport
At present, tolls are being collected at 13 road projects under the public works department and nine projects managed by the Maharashtra State Road Development Corporation.
Payments for auto-replenishment will be exempt from the requirement of pre-debit notification, says RBI
Growth in UPI transactions remains in double digits
National Highway Authority of India (NHAI) has mandated a double fee for users who do not affix FASTag on the front windshield from the inside.Such defaulters can be also be duly blacklisted, it added.
This will be a first for a quick commerce platform through which users can enjoy the convenience of directly receiving FASTags to their doorstep, Swiggy said in a statement.
NHAI had extended the 'One Vehicle, One FASTag' initiative compliance deadline to March-end, in view of the problems being faced by Paytm FASTag users.
On March 13, NHAI advised Paytm Bank FASTag users to procure a new FASTag issued by another bank before March 15, 2024
NHAI's advisory is in line with the guidelines issued by RBI regarding restrictions on Paytm Payments Bank
"The volumes may remain with UPI but these products like Fastag and BBPS (Bharat Bill Payment System) will service the niche segments, " Dilip Asbe said.
In the official statement, NHAI stated that FASTags with valid balance but with incomplete KYC will get deactivated/blacklisted by banks post 31st January 2024. To avoid inconvenience, users must ensure that KYC of their latest FASTag is completed.
Retail inflation in November reached a 3-month high on the back of rising food prices. Meanwhile, FASTag appears to be on the right lane, with toll collection seeing steady growth. Data from Cloudflare shows that the share of Indians using desktops to get online is rising
Increasing road networks, more toll plazas, and rising traffic on roads have increased the daily toll collection from Rs 100 crore per day in September 2021 to around Rs 167.6 crore at present
The Centre is reportedly planning a mechanism that will provide mandatory third-party insurance cover for motor vehicle owners at the first instance when their uninsured vehicles are impounded by traffic police or transport department officials.
New Delhi, Jan 24 Total toll collection through FASTag on fee plazas, including state highway toll plazas, increased 46 per cent to Rs 50,855 crore in 2..