Good news on FASTag! No more worries on minimum balance, NHAI changes THIS rule
FASTags ar useful for the commuters as they will not need to stop at toll plazas for cash payments. It also saves time and fuel. The FASTags were launched in the year 2016, and four banks together issued nearly a lakh of them. By 2017, their numbers went up to seven lakh. Over 34 lakh FASTags were issued in 2018.
FASTags ar useful for the commuters as they will not need to stop at toll plazas for cash payments. It also saves time and fuel. The FASTags were launched in the year 2016, and four banks together issued nearly a lakh of them. By 2017, their numbers went up to seven lakh. Over 34 lakh FASTags were issued in 2018.
The National Highways Authority of India has decided to do away with the requirement of maintaining a minimum amount in FASTag wallet. The move aims at ensuring seamless movement at electronic toll plazas. As payment on toll plazas through FASTag will become mandatory from February 15, 2021, National Highways Authority of India is targeting to achieve 100 per cent cashless tolling at the toll plazas across the country.
It said issuer banks were unilaterally mandating some threshold amount value for the FASTag account/wallet, in addition to the security deposit amount. As a result, many FASTag users were not allowed to pass through a toll plaza, in spite of having sufficient balance in their FASTag account/wallet, the statement said adding this was resulting into unwanted hassles and avoidable delay at toll plazas.