SBI FASTag Alert: Follow this latest govt notification or face a fine
SBI FASTag Alert: Indias largest state lender the State Bank of India (SBI) has warned all its customers using the banks FASTag to follow the latest Ministry of Road Transport and Highways guidelines issued in the 15 May notification, to avoid fines
SBI FASTag Alert: India’s largest state lender the State Bank of India (SBI) has warned all its customers using the bank’s FASTag to follow the latest Ministry of Road Transport and Highways guidelines issued in the 15 May notification, to avoid fines. The bank has informed its customer via a tweet on its official twitter handle.
“All our customer using FASTag, please be guided by the Notification from Ministry of Road Transport and Highways, New Delhi dated 15th May 2020,” SBI tweeted.
“If a vehicle which is not fitted with FASTag or the vehicle is without a valid or functional FASTag, enters into FASTag of the fee plazas, then they shall pay double the fee applicable to that category of vehicle,” the tweet further said.
On 15 May, the road transport ministry issued a notification saying that the vehicles with invalid or non-functional FASTag will be charged double the toll fee applicable to their category.
“The Ministry of Road Transport and Highways has issued notification GSR 298 E, dated 15th May 2020 for amendment in the National Highways Fee (Determination of Rates and Collection) Rules, 2008 which provide that if a vehicle which is not fitted with FASTag or the vehicle is without a valid or functional FASTag, enters into “FASTag lane” of the Fee plazas, then they shall pay a fee equivalent to two times of the fee applicable to that category of vehicles,” the notification reads.
Before this amendment, the user of vehicle was to pay twice on the fee plaza only if the vehicle didn't carry the FASTag and entered in dedicated FASTag lane, it said further.
See Zee Business Live TV Streaming Below:
FASTag is an electronic toll collection system implemented by the National Highway Authority of India (NHAI) which is, RFID based. As per NHAI, FASTag has proved to be instrumental in easing lives of commuters on National Highways within two months of its nationwide implementation.
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.