FASTag: The National Highway Authority of India introduced FASTag in 2014 to address issues encountered in toll collection at Indian toll plazas.
This system, now rolled out nationwide, aims to streamline toll tax payments, allowing citizens to effortlessly pay without halting their vehicles at toll booths, thereby alleviating the challenges previously faced during this process.
What is FASTag & how does it work?
It’s a specific kind of chip that needs to be fitted onto your car’s windshield. This chip contains radio frequency identification technology.
Once installed, as your vehicle approaches a toll plaza, the sensor at the plaza interacts with the Fastag on your windshield, automatically deducting the toll amount from your Fastag account.
This Sarkari Yojana 2023 eliminates the need to stop your vehicle for toll payment, streamlining the process and facilitating cashless toll transactions.
Purpose of FASTag
- To accelerate the electronic toll collection nationwide, FASTag will soon be accessible at petrol pumps, enabling its use for purchasing fuel and settling parking fees.
- This expansion aims to leverage the FASTag system not just at toll plazas but also for streamlining payments, addressing issues like lengthy vehicle queues and the scarcity of change.
- This integration of FASTag across various services will help save time for everyone involved.
Jagananna Vidya Deevena Scheme
Saving money with Fastag
Between 2016 and 2017, users of FASTag received a 10% cashback on all toll tax payments. Those utilizing FASTag in the subsequent period of 2017-2018 enjoyed a 7.5% cashback.
For the year 2018-2019, a 5% cashback was provided, while between 2019-2020, a 7.5% cashback was reinstated. The cashback amount was credited to the FASTag account within a week after the transaction. Initially, this scheme was limited to specific cities, but now it has been expanded nationwide.
Benefits of Fastag 2024
- Fastag installation in your vehicle saves time and fuel consumption.
- It links comprehensive information about you and your vehicle, providing cashback benefits.
- The tag operates only when linked to an active prepaid account.
- Accessible benefits extend to all citizens of the country.
- It remains valid for five years, requiring renewal afterward for continued use.
SMS facility
- When you pass through a toll plaza using a vehicle equipped with the Fastag system, you’ll receive an SMS on your mobile phone instantly after the fee deduction from your Fastag account.
- This SMS provides details on the deducted amount, ensuring transparency regarding your account balance.
- Individuals interested in installing it in their vehicles can purchase it from authorized issuers such as nationalized banks or platforms like Paytm.
- Availing themselves of this system offers various associated facilities and benefits.
Fastag recharge will be done in these banks
- Citizens can create their FASTag account by visiting toll plazas or designated point-of-sale agencies. Leading banks such as ICICI Bank, Punjab National Bank, HDFC Bank, Axis Bank, SBI Bank, and entities like Paytm Bank facilitate the issuance of FASTag stickers and account setup.
- Recharging your FASTag account is flexible, allowing top-ups through credit cards, debit cards, RTGS, and net banking.
- The recharge limits range from a minimum of Rs 100 to a maximum of Rs 100,000, available across various national banks and platforms. Paytm, a prominent entity, has introduced it for convenient toll fee payments on highways throughout the country.
Documents Needed
- Aadhar card
- Mobile number
- Vehicle registration certificate
- Passport size photo of vehicle owner
- Ration Card, Voter ID Card
- PAN card
Buy FASTag Online
For those interested in purchasing FASTag online, Paytm offers the convenience of buying it through their app. On Paytm, individuals can procure it even for older vehicles. Moreover, users transacting through Paytm receive a 7.5% cashback on each toll transaction, providing significant benefits.
This online system is championed by Paytm, contributes to India’s progress by streamlining toll transactions and fostering digital convenience. For further details about this scheme, you can visit the official website for more information.
No comments:
Post a Comment