INSUBCONTINENT EXCLUSIVE:
FASTag: Users not having a FASTag will be charged double for passing through FASTag-only lane.The government has extended FASTag deadline
for mandatory implementation of use of radio frequency identification (RFID) based FASTags for vehicles plying on National Highways
The FASTags were supposed to be implemented across the country by December 1 but the Ministry of Road Transport and Highways (MORTH) has
extended the FAStag deadline to December 15 for the convenience of vehicle owners
FASTag is a prepaid tag facility that enables a cashless automatic deduction of toll charges, which means it lets the vehicle pass through
the toll plaza without stopping for a cash transaction
(: FASTag: How Will It Change The Way You Drive On Highways)FASTag is an initiative of MoRTH (Ministry of Roadways, Transport - Highway)
along with NHAI, IHMCL and NPCI
It is a reloadable sticker to be mounted on the vehicle windscreen, which enables automatic deduction of toll charges and lets one pass
through toll plazas without stopping for cash transactions.Radio-frequency identification (RFID)-based FASTag is affixed on the windscreen
The FASTag platform allows for direct payment of fee from the linked prepaid or savings account.From December 15, users not having a FASTag
on their vehicles will be charged double the fee in cash for passing through a FASTag-only lane, according to a Ministry of Road Transport
and Highways statement in July.All the major banks are offering the FASTag payment facilities
The FASTag is linked to the customer's savings account, and ensures automatic deduction of the toll fee from the account when the registered
vehicle passes passes through a toll plaza.Here are the charges levied by SBI for issuing the FASTags across categories of vehicles:Sr
No.Vehicle Class No.ParticularsSecurity AmountMinimum Balance14Car / Jeep / Van/ Tata Ace and similar mini light commercial
vehicle20010025Light Commercial Vehicle30014036Three Axle Commercial Vehicles40030047Bus/Truck4003005124 to 6 axle4003006157 or More
door-step delivery of FASTags
Axis Bank customers as well as non-customers of the bank can buy FASTags online for from its network of over 4,200 bank branches across the
country.Axis Bank is offering 5 per cent cash back on recharge with Axis Credit/Debit cards, in addition to 2.5 per cent cash back provided
by NHAI- Anytime, anywhere FASTag recharge.
