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National Highways sells 10,000 tags for cashless payment
The sale of FASTag, which is a cashless payment mechanism on toll plazas on National Highways, crossed the 10,000-mark in June, said a release. The monthly transaction through Electronic Toll Collection during the month has crossed Rs. 1 crore.
NHAI rolled out the cashless payment mechanism (FASTag) on toll plazas on National Highways on April 25.
FASTag offers near non-stop movement of vehicles through user plazas and the convenience of cashless payments of toll fee with nationwide inter-operable Electronic Toll Collection Services. FASTag is operational on more than 335 toll plazas on National Highways across the country.
A dedicated FASTag lane has been earmarked at 48 toll plazas on the Delhi–Mumbai and Mumbai-Chennai corridors. To facilitate purchase of FASTag by road users, Points of Sale (POS) on 23 toll plazas are available on these two corridors.
In order to promote cashless payment through FASTag, Government has allowed NHAI to give a 10 per cent cash-back incentive on toll payments in financial year 2016-17 for FASTag users.
The cash-back amount for a particular month is credited back to the FASTag account at the beginning of the next month. In addition, NHAI has decided to provide FASTag to existing monthly pass-holders by absorbing the one-time cost of their FASTags.
NHAI aims to cross two lakh FASTags by the financial year-end and fix dedicated lanes for ETC/ FASTag on all national highways. Use of FASTag would increase user convenience from payments without stops at toll plazas, thus, saving on time, money and fuel.
The online payments would improve transparency of toll transactions and reduce revenue leakages, thus, improving overall efficiency and commercial competitiveness. Javorius Allen Womens Jersey
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