Fast-Tag-Fleetable

On 19 October 2019, it was announced that FASTag will be mandatory on all National Highways and non-FASTag users will be charged double the toll

 

What is Fast Tag?

A FASTag is a device that employs Radio Frequency Identification (RFID) technology for making toll payments directly from the prepaid or savings account linked to it and is affixed on the windscreen of the vehicle and enables the commuter to drive through toll plazas, without stopping for cash.

How to Obtain Fast Tag (if you haven’t already got)?

There seem to be different prices for the FASTag depending on which vendor you choose to buy from. If you buy it from Paytm for example, the FASTag will cost you Rs 500. This includes Rs 100 for the tag, Rs 250 as refundable security deposit and Rs 150 as the first recharge for your FASTag. The minimum threshold amount for the Paytm issued tag is also Rs 150. If however you decide to buy from HDFC Bank, the tag costs you Rs 400—this includes Rs 100 for the tag, Rs 100 as reissuance fee and Rs 200 as security deposit. Incidentally, HDFC Bank has Rs 100 as the minimum threshold for your account to remain active. That is not all. There are cash backs as well every time you use this. For instance, HDFC Bank says “you can avail a cashback of 2.5% on all National Toll payments using FASTag in FY 2019-20.” Paytm also says that users will get 2.5% Cashback on all National Highway Toll payments for FY 2019-20. FASTag issuers come up with these offers from time to time

A person can purchase the FASTag of the desired cost from any bank. People can also procure the fastag by applying through the FASTag App downloading it from Google play store. The FASTag carrying info about their vehicles will delivered at their corresponding address.

Some useful resources for ordering a new fast tag – Click Here for Video tutorial

 

Where is the Fast Tag applicable?

As of now all national highway tolls are incorporated under fast tag payment collection, MOU’s with MSRDC(Maharashtra), UPEIDA(Uttar Pradesh), Telangana State etc have already been signed to bring tolls under fast tag, full list of active toll plaza is here

For more information of fast tag https://www.npci.org.in/netc

Benefits of Fast Tags

Commercial Vehicles are already using Fast tags for

  • Electronification of retail payments.
  • Reduce air pollution by reducing the congestion around toll plaza.
  • Reduce fuel consumption.
  • Reduce cash handling.
  • Enhance audit control by centralizing user account.
  • Cash Back Offers

Now it’s time to get private vehicles ready for fast tag nationwide implementation. Tolls are ready, private vehicles have to purchase fast tag and activate them. Please click on following links and learn to buy fast tags.

 

 

Sources – News18

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