Before this amendment, the user of vehicle was to pay twice on the fee at toll plaza across national highways (NHs) in India only if the vehicle didn't carry the FASTag and entered in dedicated FASTag lane. This was not applicable to those entering the FASTag lane with an invalid or non-functional tag.
The FASTag became madatory from January 15, 2020.
Why FASTag is beneficial?
FASTags are currently issued by 23 certified banks through various channels such as Point-of-Sale (POS) at National Highway toll plazas and select bank branches. You can buy a FASTag from Paytm, HDFC Bank, ICICI Bank, State Bank of India, Kotak Mahindra Bank, etc. (The detailed list of issuing bank is mentioned below). They are available on e-commerce platforms such as Amazon as well.
FASTags a must for all vehicles from Dec 15. Here’s how to get one
Here is the detailed list of 23 certified banks providing FASTags
|S. No.||Issuing Bank||Customer Care Helpline No|
|4||State Bank of India||1800-11-0018|
|6||Karur Vysya Bank||1800-102-1916|
|7||EQUITAS Small Finance Bank||1800-419-1996|
|8||Paytm Payments Bank Ltd||1800-102-6480|
|9||Kotak Mahindra Bank||1800-419-6606|
|12||South Indian Bank||1800-425-1809|
|13||Punjab National Bank||080-67295310|
|14||Punjab & Maharashtra Co-op Bank||1800-223-993|
|16||Fino Payments Bank||1860-266-3466|
|17||City Union Bank||1800-2587200|
|18||Bank of Baroda||1800-1034568|
|22||Nagpur Nagarik Sahakari Bank Ltd||1800-2667183|
|23||Airtel Payments bank||400|
According to an Economic Times report, about 6.4 crore FASTag transactions, worth Rs 1,256 crore, were processed in December as against 3.4 crore transactions worth Rs 774 crore in November. This is according to the FASTag transactions data released on January 1, 2020 by the National Payments Corporation of India.
Paytm Payments Bank, in a press release, stated that has issued 30 lakh FASTags. Paytm Payments Bank issued over 40 percent of all FASTags in the month of December.
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13 Comments on this Story
Raju56 days ago
Sri Gadkari ji says the country is loosing heavily due to delay in toll plazas. Very good. But, is the making huge benefit by keeping crores of educated youth without employment.
Prabu170 days ago
This fastag system totally waste of time.government plan to loot money from poor people...they will charge you for penalty..but if they done mistake...they will not pay penalty to people to who are suffered.
Rs282 days ago
The administration has chosen the right time to penalise and loot. Why all these non-sense when people are unable to or not permitted to move from one place to another. Who's benefitted by these and why this urgency? Need to be probed. For all faulty systems and approach, no compensation will be made to the affected lot but if otherwise, common man is made to pay severe penalty. Also too much pressure to maintain more balances and charges levied for top-up of even nominal amount.