Monday, November 25, 2019

FASTag electronic toll collection: 5 things to know india


   The move is intermeshed towards expediting toll assortment, decongesting highways and promoting transparency through digital payments.As a part of the Indian government’s ‘Digital India’ initiative, electronic toll assortment through the implementation of FASTag is ready to become obligatory from Dec one, 2019 on all national highways. The digital system has been developed by the National Payments Corporation of Bharat (NPCI) and is predicated on the National Electronic Toll assortment (NETC) programme.

   The move isn't solely being positioned as a live to any bolster digital payments throughout the country, however additionally as a good suggests that to decongest highways. whereas the larger image certain is promising, what's going to the shift towards cashless toll payments entail for the top user? we have a tendency to take a better look.
What is FASTag and the way will it work?
   FASTag may be a passive device, mounted to a vehicle’s windshield, that works on the principle of frequence identification (RFID) and allows cashless toll payments while not requiring the vehicle to prevent and wait in a very queue. once a driver drives a vehicle equipped with the RFID tag through a zealous piece of ground lane, aFASTag reader mechanically detects the labelled vehicle and charges the acceptable quantity from a connected account, whereas the vehicle continues to be in motion. The driver gets intimated regarding the toll subtracted via SMS on his registered mobile range.
Where will the FASTag be used?
   FASTags were introduced over four years agone and as yet, their usage has been nonobligatory. At the instant, they'll be used at over five hundred toll plazas across the country, as well as all national highways also as some state highways.

   However, starting Dec one, FASTags can become obligatory for all hackney coach traveler vehicles and every one industrial vehicles as well as buses, trucks, tractors and construction machinery the least bit national highways. this suggests that every one lanes at national road toll plazas can solely permit electronic toll assortment through FASTag, with only one lane reserved for assortment through money.
   NitinGadkari, Union Minister for Road Transport and Highways, recently disclosed that just about ninety p.c toll plazas are prepared with FASTag infrastructure and just some new toll plazas can face dentition problems.
What are the advantages of FASTag?
   The implementation of FASTag will facilitate alleviate varied issues. Since returning to an entire halt at the turnpike for money transactions isn't needed, major bottlenecks on highways are avoided. Commuters save time that they otherwise would have wasted waiting in long queues. The timesaving passage of vehicles through toll plazas additionally helps in reducing fuel consumption and ultimately edge pollution. Moreover, the complete system promotes digital payments, reduces money handling and will increase transparency.

   As another incentive, motorists paying toll through FASTag at any national road are secure a two.5 p.c cashback until March thirty one, 2020.
How will a FASTag be acquired?
   In the run up to the Dec one point in time, new traveler vehicles these days are already equipped with FASTags. Existing vehicle house owners should purchase the RFID tags from quite twenty NETC authorised member banks (the complete list of that is on the market here). to boot, they're additionally retailed through point-of-sales (POS) locations at choose toll plazas, the NPCI web site, Amazon web site and also the official MyFASTag app on the Google Play Store.The price of a FASTag is fastened at Rs a hundred, however the brink balance to be loaded within the FASTag account can disagree as per the issuer’s dealings rules.

   To any facilitate adoption of the new technology, Gadkarihas directed the National Highways Authority of Bharat (NHAI) to issue free FASTags until Dec one. in a very recent group discussion, he said, “Free FASTags are going to be offered the least bit points of sale of the NHAI and that they also will be created available at alternative places having a high potential of sales.” Consequently, down payment for every of the tags issued fromdesignated shops until November finish are going to be borne by the Ministry of Road Transport and Highways.

   Some of the documents needed for getting and activating a FASTag embrace the vehicle’s registration certificate and also the owner’s photograph and alternative identity proofs.

   Moreover, a FASTag is vehicle specific and is connected to the car’s registration. As such, once allotted to a vehicle, it can not be transferred to a different vehicle.The tag includes a validity of five years.
How will a FASTag be recharged?
   A FASTag will either be connected to a postpaid account or to the customer’s savings/current account. the previous needs the tag to be flat-top up as per the owner’s usage. this will be done through any UPI-enabled smartphone app and additionally through the MyFASTag app. to boot, users have the selection of recharging their accounts from the institution bank’s web site exploitation debit cards, credit cards and internet banking.

   The NETC digital platform has already proven to be quite promising over the past four years. In Sep this year, a median of nine.7 hundred thousand transactions were processed daily through FASTags across the country. Since the programme began, over fifty six large integer FASTag payments amounting to Rs thirteen,449 large integer had been processed until the top of Sep 2019.

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