FASTag on fast track: Crosses 10,000
The sale of FASTag, cashless payment mechanism on toll plazas on National highways has crossed 10,000 mark in the month of June 2016. The monthly transaction through Electronic Toll Collection during the month has crossed Rs.1.0 crore.
NHAI has rolled out cashless payment mechanism (FASTag) on toll plazas on National Highways on 25.04.2016. FASTag offers near non-stop movement of vehicles through user plazas and convenience of cashless payments of toll fee with nationwide inter operable Electronic Toll Collection Services. 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 purchase of FASTag by road users, Points of Sale (POS) on 23 Toll Plazas are available on these two corridors.
In order to promote cashless payment through FASTag, 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.
Chairman NHAI is regularly monitoring the implementation of Electronic Toll Collection on national highways. 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 on time, money and fuel. The online payments shall improve transparency of toll transactions and reduce revenue leakages, thus, improving overall efficiency and commercial competitiveness.
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UM/AC
NHAI has rolled out cashless payment mechanism (FASTag) on toll plazas on National Highways on 25.04.2016. FASTag offers near non-stop movement of vehicles through user plazas and convenience of cashless payments of toll fee with nationwide inter operable Electronic Toll Collection Services. 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 purchase of FASTag by road users, Points of Sale (POS) on 23 Toll Plazas are available on these two corridors.
In order to promote cashless payment through FASTag, 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.
Chairman NHAI is regularly monitoring the implementation of Electronic Toll Collection on national highways. 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 on time, money and fuel. The online payments shall improve transparency of toll transactions and reduce revenue leakages, thus, improving overall efficiency and commercial competitiveness.
UM/AC
