Drivers' Alert! You can do this without stopping your car on National Highways; deadline looms
A user receives an SMS alert on his registered mobile number for all the transactions done in his tag account. The vehicle with FASTag doesn't need to stop at toll plazas for cash transactions, saving fuel and time.
FASTag has been made mandatory on national highways throughout the country from December 1, 2019. It is a simple to use, reloadable tag fixed on the windscreen of a vehicle which enables automatic deduction of toll charges from the prepaid or savings to account linked to it while the vehicle is in motion. A user receives an SMS alert on his registered mobile number for all the transactions done in his tag account. The vehicle with FASTag doesn't need to stop at toll plazas for cash transactions, saving fuel and time.
From December 1, 2017, all new cars come with pre-activated FASTags. A FASTag can also be purchased at select toll plazas, select bank branches, retail PoS locations/Issuer Bank Website/ My FASTag app and online through e-commerce platforms.
A customer can start using the FASTag by affixing it on the windscreen of the vehicle. Whenever he travels through a Toll Plaza, the toll fare will get automatically deducted from the wallet linked to the FASTag. It can be topped-up online through Credit Card/ Debit Card/ NEFT/RTGS/ UPI or Net Banking.
Till March 2020, FASTag is incentivized with 2.5% cashback which directly gets credited to a linked bank account after every transaction. FASTag is mandatory on national highways throughout the country from December 1, 2019.
FASTag is currently operational at 528+ toll plazas across National & State Highways and the number of toll plaza accepting FASTag is increasing each month. On www.ihmcl.com, vehicle owners can see the list in the 'Active Toll Plazas' section.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
03:41 PM IST