For the primary time, the toll assortment by FASTag crossed Rs 80 crores per day on December 24, 2020, with a file 50 lakh FASTag transactions per day. With greater than 2.20 crore FASTag issued until date, adoption of FASTag by Freeway customers has seen unprecedented progress.
“With FASTag being obligatory for automobiles from January 1, 2021, the Nationwide Highways Authority of India (NHAI) has made all crucial preparations to offer seamless motion of automobiles at price plazas. Adoption of FASTag has helped freeway travellers to avoid wasting time and gas on the toll plazas,” mentioned an official.
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The official provides, “As social distancing has grow to be the brand new norm, commuters are more and more taking a look at FASTag as a toll fee possibility because it nullifies the possibilities of any human contact between the drivers and the toll operators. Being an inclusive technological device for toll assortment on highways, FASTag is a extra sensible and helpful possibility.”
The digital transaction has bought a crucial push with the current modification within the Motor Automobile Modification Act, 2019. FASTag is well out there at over 30,000 factors of sale (PoS) throughout the nation and mandatorily out there at NHAI toll plazas.
This system has partnered with 27 issuer banks and has included a number of choices to simplify its recharge services similar to Bharat Invoice Cost System (BBPS), Unified Funds Interface (UPI), On-line funds, My FASTag Cell App, Paytm, Google Pay, and others. As well as, a money recharge facility can also be being supplied at Level of Gross sales (PoS) at toll plazas for the comfort of customers.
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FASTag additionally makes use of Radio-frequency Identification (RFID) know-how that gives customers a easy and easy cross-over at Toll plazas with out a lot ready/halting. The fee is made digitally by the FASTag linked to the financial institution pockets.
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