Starting today, every four-wheeler must be fitted with a fastag; How to install, where to buy and how much will be the validity? Know everything
Starting today, all four-wheeler vehicles will be required to have a fastag to pay the toll. This will be required when crossing any national highway toll plaza. After repeated avoidance, it has finally been implemented from today. What is Fastag, how will it work, how can you apply it, let's find out ...
What is Fastag?
Fastag is an electronic toll collection system in the form of a sticker. You have to attach it to the windshield of your car or vehicle. This fastag works according to radio frequency identification (RFID) technology. Each fastag is associated with the registration of the respective vehicle. After installing it, you do not have to stop at the toll plaza and pay the toll fee in cash.
How does this work?
As you pass the toll plaza, the fastag reader at the toll plaza will read the barcode of your fastag. The toll fee will then be deducted from your bank account. There will be no long queues of vehicles at the toll plaza once it is turned on. This fastag is not currently for two-wheelers. RFID is created by the National Payments Corporation of India (NPCI).
Where can you buy Fastag? You can buy Fastag from any toll plaza in the country. You can also buy it from Axis Bank, ICICI Bank, HDFC Bank, SBI, Kotak Bank branches. You can also buy it from online platforms like Paytm, Amazon, Google Pay. Most of them also offer different types of offers including discounts. You need to have ID proof and vehicle registration document when buying Fastag.
You can know the status of your fastag from My Fastag app
On February 11, Road Transport Minister Nitin Gadkari told the Lok Sabha that the queues of vehicles in the Fastag line were jammed due to the expiration of the validity of many people. Sometimes vehicles without fastags even get stuck in the fastag lane, so you can see all the information related to it on the UPI app called My Fastag.
It has been prepared by National Highway Management Company Limited. This app also reveals the status of your car's fastag. You can also make payments by linking your Fastag account to this app. You can link your bank account with this app if you wish. This will deduct the toll tax from your account whenever you pass through a toll plaza.
How much will Fastag get and how long will it be valid?
The price of a fastag is determined by two things. First what is your car and second where are you buying it from. The price will also change according to the banks' offer. The change in price is also determined by the amount of money charged by the bank from which you take the fastag as an issue fee and security deposit. However, according to officials, the one-time fee is Rs 200. The reissue fee is Rs 100 and the refundable security deposit is Rs 200. Once purchased, the Fastag sticker will be valid for five years. Banks like SBI offer fastags of unlimited validity, such as if you buy a fastag for a car from Paytm, you will have to spend Rs 500 for it.
If you want to get fastag from the bank, bring this document
You will need a KYC document, RC of the vehicle, passport size photo, PAN card, address and ID proof to get the fastag from the bank. If you wish, you can submit your license, ID and address as proof. If you take Fastag from your bank i.e. you will only need to bring RC to the bank where you have your account.
Two and a half crore fastag users in the country
The National Highways Authority of India (NHAI) started collecting tolls from Fastag in 2019. As of January 2021, there were more than 2.49 crore Fastag users across the country. Fastag accounts for 80% of the country's total toll collection. In January, Fastag collected about Rs 77 crore a day in toll tax.
Being 100% fastag will save Rs 12,000 crore every year
According to a study, 100% toll collection at Toll Plaza with Fastag will save about Rs 12,000 crore a year. The study was conducted in 2019 by Noida-based start-up Bullseye Technology. It said 35% of the money is only for petrol-diesel savings, which are spent on vehicles while waiting at the toll plaza. The remaining 55% will be saved due to the time saved. In addition, waiting at the toll plaza will save about 10% of the cost of carbon emissions.
Starting today, all four-wheeler vehicles will be required to have a fastag to pay the toll. This will be required when crossing any national highway toll plaza. After repeated avoidance, it has finally been implemented from today. What is Fastag, how will it work, how can you apply it, let's find out ...
What is Fastag?
Fastag is an electronic toll collection system in the form of a sticker. You have to attach it to the windshield of your car or vehicle. This fastag works according to radio frequency identification (RFID) technology. Each fastag is associated with the registration of the respective vehicle. After installing it, you do not have to stop at the toll plaza and pay the toll fee in cash.
How does this work?
As you pass the toll plaza, the fastag reader at the toll plaza will read the barcode of your fastag. The toll fee will then be deducted from your bank account. There will be no long queues of vehicles at the toll plaza once it is turned on. This fastag is not currently for two-wheelers. RFID is created by the National Payments Corporation of India (NPCI).
Where can you buy Fastag? You can buy Fastag from any toll plaza in the country. You can also buy it from Axis Bank, ICICI Bank, HDFC Bank, SBI, Kotak Bank branches. You can also buy it from online platforms like Paytm, Amazon, Google Pay. Most of them also offer different types of offers including discounts. You need to have ID proof and vehicle registration document when buying Fastag.
You can know the status of your fastag from My Fastag app
On February 11, Road Transport Minister Nitin Gadkari told the Lok Sabha that the queues of vehicles in the Fastag line were jammed due to the expiration of the validity of many people. Sometimes vehicles without fastags even get stuck in the fastag lane, so you can see all the information related to it on the UPI app called My Fastag.
It has been prepared by National Highway Management Company Limited. This app also reveals the status of your car's fastag. You can also make payments by linking your Fastag account to this app. You can link your bank account with this app if you wish. This will deduct the toll tax from your account whenever you pass through a toll plaza.
How much will Fastag get and how long will it be valid?
The price of a fastag is determined by two things. First what is your car and second where are you buying it from. The price will also change according to the banks' offer. The change in price is also determined by the amount of money charged by the bank from which you take the fastag as an issue fee and security deposit. However, according to officials, the one-time fee is Rs 200. The reissue fee is Rs 100 and the refundable security deposit is Rs 200. Once purchased, the Fastag sticker will be valid for five years. Banks like SBI offer fastags of unlimited validity, such as if you buy a fastag for a car from Paytm, you will have to spend Rs 500 for it.
If you want to get fastag from the bank, bring this document
You will need a KYC document, RC of the vehicle, passport size photo, PAN card, address and ID proof to get the fastag from the bank. If you wish, you can submit your license, ID and address as proof. If you take Fastag from your bank i.e. you will only need to bring RC to the bank where you have your account.
Two and a half crore fastag users in the country
The National Highways Authority of India (NHAI) started collecting tolls from Fastag in 2019. As of January 2021, there were more than 2.49 crore Fastag users across the country. Fastag accounts for 80% of the country's total toll collection. In January, Fastag collected about Rs 77 crore a day in toll tax.
Being 100% fastag will save Rs 12,000 crore every year
According to a study, 100% toll collection at Toll Plaza with Fastag will save about Rs 12,000 crore a year. The study was conducted in 2019 by Noida-based start-up Bullseye Technology. It said 35% of the money is only for petrol-diesel savings, which are spent on vehicles while waiting at the toll plaza. The remaining 55% will be saved due to the time saved. In addition, waiting at the toll plaza will save about 10% of the cost of carbon emissions.