FASTag Transactions Reach New Milestones
Over 1 crore FASTags have been issued through multiple Point of Sale (PoS) till date with about 30 lakh of them were issued in the month of November and December alone.
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FASTag, an electronic toll collection system implemented by the National Highway Authority of India (NHAI), is proving to be instrumental in easing lives of commuters on highways within four days of its nationwide implementation. Easy facilitation of the service across all toll plazas led to a seamless FASTag toll transaction that crosses 21 lakh daily.
Over 1 crore FASTags have been issued through multiple Point of Sale (PoS) till date with about 30 lakh of them were issued in the month of November and December alone. The highway authority has been observing sales of nearly 1.5-2 lakh FASTags on a daily basis which is a clear reflection of this digital system being accepted well. As a result, the daily transactional worth of Electronic Toll Collection has been ascertained of about Rupees 42 crore.
To make FASTag come in force as a practice for NH commuters, a vehicle without FASTag entering into FASTag lane are being levied double the toll fee. This is also ensuring a smooth and hassle-free movement of FASTag users through the toll plazas. The implementation of FASTags across the country has met with the desired response. The adoption of FASTags also means that it will bring in the much-needed transparency in a collection at the toll booths.
NHAI is also working with various government agencies to iron out teething issues in the implementation of FASTags. All the issues that have been flagged-off so far are being addressed diligently by experienced NHAI officials on and off-ground. The Highways Ministry has urged RBI to exempt FASTags from KYC norms. And, thus the collection figures will grow significantly once RBI relaxes KYC norms for obtaining FASTags.