Posts

Showing posts with the label FASTAG

Mandatory implementation of FASTag from today; hybrid lane open till Feb 15

Image
  Ministry of Road Transport and Highways mandated fitment of FASTag with effect from Friday, in M and N categories of motor vehicles sold before December 1, 2017. Notably, category 'M' stands for a motor vehicle with at least four wheels used for carrying passengers, while category 'N' stands for a motor vehicle with at least four wheels used for carrying goods, which may also carry persons in addition to goods. The Ministry in an official release clarified that the Central Motor Vehicle (CMV) Rule stands in force as it is. However, the Ministry said that at hybrid lanes of fee plazas on national highways, fee payment can be made through FASTag as well as in cash mode till February 15, 2021. "Moreover, in FASTag lanes of fee plazas, payment of fees will continue to be through FASTag only," it added. Read More  

ICICI Bank collaborates with Google Pay for issuing FASTags

Image
  ICICI Bank on Monday said it has joined hands with Google Pay for issuance of FASTag , a reloadable tag which enables automatic deduction of toll charges and lets users pass through the toll plaza without stopping for cash transactions. This collaboration enables Google Pay users to order, track and even recharge ICICI Bank FASTag digitally on the payments platform itself. "With the increased adoption of digital payments in all walks of life, we believe that this collaboration with Google will help Google Pay users to apply for a new FASTag and get it delivered free of cost at their doorstep," Sudipta Roy, Head -- Unsecured Assets, ICICI Bank, said in a statement. "We believe that this initiative will go a long way in increasing adoption of FASTag for toll payments." FASTag is a brand name owned by Indian Highways Management Company Ltd. (IHMCL), which carries out electronic tolling and other ancillary projects of National Highway Authorities of India (N...