The Indian government on Friday extended the deadline for rollout of electronic toll collection through FasTag on national highways to December 15. This would provide more time to citizens to buy FasTags on their vehicles. Earlier, the deadline was December 01. At a meeting charired by cabinet secretary Rajib Gauba, the NHAI representative underlined the need to give some more time to the system for maximum benefits.
The FASTag is like a sticker with a magnetic strip that will be at the top left corner of the vehicle’s windscreen that uses Radio Frequency Identification (RFID). This will help the passenger and commercial vehicles to pass through the toll booths without halting for paying the toll tax.
The first and foremost purpose of FASTag is reducing the travel time and making the toll collection process digital and more efficient. Not having FASTag in your vehicle will cost you up to twice the normal rate, as the Government of India has mandated.
FASTags are being issued by 22 certified banks in India via various channels like Point-of-Sale (POS) at National Highway toll plazas and select bank branches. Apart from that, it is also available on the e-commerce platform like Amazon.
The certified banks issuing FASTags can charge a maximum of Rs 100 for each tag, as mandated by National Payments Corporation of India (NPCI). However, with different banks offering different offers and discounts, the charges may vary from bank t o bank. The total cost includes tag issuance fees, refundable security deposit and first recharge amount.
According to BullEye Technologies, the transition to 100 per cent FASTag-based toll collection on national highways from 1st December could save up to Rs 12,000 crore worth of fuel and man-hours in India.
The customer can activate the Fastag by himself or herself or he or she can visit the certified bank branch.