National Highways Authority of India (NHAI) has recently rolled out FASTag, a cashless payment mechanism on toll plazas of national highways. FASTag leads to non-stop vehicular movement through toll plazas along with the convenience of cashless payments of toll fee with the help of nationwide inter operable Electronic Toll Collection Services. It was officially introduced at a toll plaza of National Highway 8 at CTM, Ahmedabad. At present, the system is operational on nearly 275 toll plazas of various national highways across India.
Use of this new mechanism FASTag will not only increase user convenience for payments without halts at toll plazas, but also will save a lot of time, fuel and money. To one’s knowledge, FASTag will have a one time fee of Rs. 200, and will be affixed on the wind screen of vehicles. FASTag employs RFID technology, which enables toll payments to be made directly from pre-paid accounts linked to it. Introduction of this online payment system is expected to boost transparency of toll transactions and curb revenue leakages.
FASTag will be on sale from specific toll plazas on National Highways along with designated branches of participating banks from this month itself. A vehicle using this facility can pass through a FASTag lane to avail cashless travel.