The Economic Times
English EditionEnglish Editionहिन्दी
| E-Paper
Search
+

    Now pay twice if you enter a toll plaza without a valid or functional FASTag

    Synopsis

    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. They are also available on e-commerce platforms such as Amazon and on Paytm.

    Getty Images
    FASTtag works on Radio Frequency Identification (RFID) technology.
    ET Calculator Banner
    If you enter a FASTag lane without a valid or functional FASTag then you will have to pay twice the toll. The Ministry of Road Transport and Highways issued a notification, dated 15th May 2020 for an amendment in the National Highways Fee (Determination of Rates and Collection) Rules, 2008 which states that if a vehicle which is not fitted with FASTag or the vehicle is without a valid or functional FASTag, enters into “FASTag lane” of the fee plazas, then they will have to pay a fee equivalent to two times the fee applicable to that category of the vehicle.

    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?
    The FAStag is affixed on the windscreen of your vehicle. With the help of the FASTag, you will not have to stop your vehicle at toll plazas to pay the toll as this automatically gets deducted from the FAStag which is either linked to your bank account or a prepaid wallet. The activated FASTtag works on Radio Frequency Identification (RFID) technology.

    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

    FASTags will become mandatory for all vehicles, private and commercial, from December 15. Not only that, owners of vehicles without FASTags will have to cough up twice the normal rate at toll gates. ET Online tell you how you can get a FASTag for your vehicle.

    Here is the detailed list of 23 certified banks providing FASTags
    S. No. Issuing Bank Customer Care Helpline No
    1 Axis Bank 1800-419-8585
    2 ICICI Bank 1800-2100-104
    3 IDFC Bank 1800-266-9970
    4 State Bank of India 1800-11-0018
    5 HDFC Bank 1800-120-1243
    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
    10 Syndicate Bank 1800-425-0585
    11 Federal Bank 1800-266-9520
    12 South Indian Bank 1800-425-1809
    13 Punjab National Bank 080-67295310
    14 Punjab & Maharashtra Co-op Bank 1800-223-993
    15 Saraswat Bank 1800-266-9545
    16 Fino Payments Bank 1860-266-3466
    17 City Union Bank 1800-2587200
    18 Bank of Baroda 1800-1034568
    19 IndusInd Bank 1860-5005004
    20 Yes Bank 1800-1200
    21 Union Bank 1800-222244
    22 Nagpur Nagarik Sahakari Bank Ltd 1800-2667183
    23 Airtel Payments bank 400
    Source: IHMCL website

    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.
    ( Originally published on Jan 15, 2020 )
    (Click here to know how to save on taxes for the financial year 2020-21.)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    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.
    The Economic Times