• Home
  • National News
  • FASTag Mandatory From December 1. Here Is How You Can Buy FASTag
FASTag Mandatory From December 1. Here Is How You Can Buy FASTag
National  
NDTV

FASTag is a prepaid tag that enables automatic deduction of toll and lets vehicle pass through toll plaza without stopping for the cash transaction.

 

The government has made it mandatory for vehicles plying on National Highways to carry a FASTag to ensure seamless traffic and prevent congestion at toll plazas. FASTag is a prepaid tag facility that enables a cashless automatic deduction of toll charges, which means it lets the vehicle pass through the toll plaza without stopping for a cash transaction. Radio-frequency identification (RFID)-based FASTag is affixed on the windscreen of the vehicle. The FASTag platform allows for direct payment of fee from the linked prepaid or savings account. From December 1, users not having a FASTag on their vehicles will be charged double the fee in cash for passing through a FASTag-only lane, according to a Ministry of Road Transport and Highways statement in July.
 
FASTag: Here is how to get a FASTag for your vehicle:
 
All the major banks are offering the FASTag payment facilities. The FASTag is linked to the customer's savings account, and ensures automatic deduction of the toll fee from the account when the registered vehicle passes passes through a toll plaza.
 
 
State Bank of India, ICICI Bank, HDFC Bank, Axis Bank and Kotak Mahindra Bank are 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).
 
State Bank of India (SBI) - the country's largest lender - charges an fee of Rs. 100 (including all applicable taxes) for the issuance of the RFID tag (FASTag) across categories, according to its net banking website - onlinesbi.com.
 
Here are the charges levied by SBI for issuing the FASTag across different categories of vehicles:
 
 
Sr. No. Vehicle Class No. Particulars Security Amount Minimum Balance
1 4 Car / Jeep / Van/ Tata Ace and similar mini light commercial vehicle 200 100
2 5 Light Commercial Vehicle 300 140
3 6 Three Axle Commercial Vehicles 400 300
4 7 Bus/Truck 400 300
5 12 4 to 6 axle 400 300
6 15 7 or More Axle 400 300
7 16 Heavy Construction Machinery (HCM)/Earth Moving Equipment (EME) 400 300
Source: onlinesbi.com
SBI charges a security amount of Rs. 200-400 for the issuance of RFID tags meant 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.a

 
 


 
 


 
More in National
From Streets To A 1000-Crore Company: The Inspiring Success Story Of B...

‘Bikanervala’ is a leading brand in the line of Indian snacks and sweets. Their specialization in this field dates back to about a hundred years back....

Recently posted . 11 views

Exclusive: BJP Received Donation From Company Being Probed for 'Terror...

Weeks after Amit Shah accused NCP leader Praful Patel of treason for having bought a property from the wife of an accused terrorist, the 'Mirchi' factor h...

Recently posted . 13 views

Man Marries Girlfriend In ICU After She Attempts Suicide, Escapes: Cop...

Pune: In her complaint, the woman had claimed that Suraj Nalavade allegedly refused to marry her, saying that she belongs to a lower caste.  <...

Recently posted . 9 views

Mumbai’s ‘first home system’ auto rickshaw impresses many, including T...

Twinkle Khanna shared an image of an auto on Instagram. It shows the vehicle decked up with all sorts of facilities.

Recently posted . 17 views

These Destinations in India Should Put Restrictions on the Tourist Inf...

If you are not living under a rock, you must already be aware of the huge traffic fiasco that the popular Indian holiday destinations saw at the peak of this summer...

Recently posted . 16 views

Delhi Man Arrested At IGI Airport For Dressing Up As Pilot, Just To Sh...

To the point: The man was found in possession of a fake ID card, just so that he could shoot videos and enjoy preferential treatments of being a pi...

Recently posted . 11 views

 
 
 

Prashnavali

Thought of the day

Try not to become a man of success, but rather try to become a man of value.
Albert Einstein