GET A CALL BACK

Want us to help you with anything?
Request a Call back

This field is required Only alphabetes are allowed
This field is required Only alphabetes are allowed
Please enter valid number
Please enter valid email
Please select product type
Please enter valid pincode

Thank you for your request.

Your reference number is CRM

Our executive will contact you shortly

THE
ORANGE
HUB

Blog
2 mins Read | 4 Years Ago

Benefits of FASTag

benefits-of-FASTag

Nowadays, road infrastructure has seen a significant improvement and driving between cities has become much more convenient and enjoyable. Good, clean roads and wide lanes have made long drives much less tiring. However, one aspect that needed to be improved while driving on a highway was the cumbersome and time-consuming task of paying toll charges at toll plazas. These problems are set to go away soon with the introduction of FASTag, a new, electronic method of toll collection that will be completely automated. Read on to find out more about the benefits of FASTag.

Benefits of FASTag

Toll payments are quick and easy

FASTag uses Radio-Frequency Identification (RFID) technology wherein a tag is installed on the windscreen of your car that can be scanned. Once you pass the toll booth, this tag will be scanned and the toll amount will be automatically deducted from a linked account. Your registered mobile number will immediately get an SMS notification informing you of the deduction.

Thus, a process which previously required stopping your vehicle and worrying about the exact change for toll payments is now more streamlined and takes much less time.

Almost no stopping of vehicles at toll plaza

Since there is no cash transaction required if your vehicle is equipped with FASTag, you will never need to come to a complete stop when passing a toll booth. This will lead to quicker passing of more and more vehicles through the toll plaza while also saving fuel which usually is wasted due to the constant stopping and starting of vehicles at toll plazas.

FASTag can be recharged online

One of the best advantages of FASTag is that it can easily be recharged online using Credit Cards, Debit Cards and NEFT or RTGS internet transfer. In a growing cashless economy, this digitisation of toll payments is highly beneficial since you do not need to carry cash when travelling.

Long validity

A FASTag account is valid for 5 years, after which the customer will need to renew his or her account. Thus, a long validity of 5 years makes FASTag a very convenient payment option.

Online portal for customers

FASTag also provides an online portal for customers so that they can view their previous payments and generate statements. This is especially helpful if employees want to claim toll charges from their employers for business related travel.

Better for environment

FASTag, like any initiative that avoids the use of paper, is very friendly for the environment. Absence of paper receipts will save paper which is better for our environment.

Thus, the FASTag system of toll payments is very useful and convenient. Due to all these FASTag benefits, the government has decided to make it mandatory for all vehicles to use FASTag to pay tolls after December 01, 2019. Many toll plazas have now been upgraded to handle FASTag payments and soon enough, all of them will have most of their lanes equipped with FASTag scanners.

Apply for FASTag, here.

 

DISCLAIMER

The contents of this document are meant merely for information purposes. The information contained herein is subject to updation, completion, revision, verification and amendment and the same may change materially. The information provided herein is not intended for distribution to, or use by, any person in any jurisdiction where such distribution or use would (by reason of that person‘s nationality, residence or otherwise) be contrary to law or regulation or would subject lClCl Bank or its affiliates to any licensing or registration requirements. This document is not an offer, invitation or solicitation of any kind to buy or sell any security and is not intended to create any rights or obligations. Nothing in this document is intended to constitute legal, tax, securities or investment advice, or opinion regarding the appropriateness of any investment, or a solicitation for any product or service. Please obtain professional legal, tax and other investment advice before making any investment. Any investment decisions that may be made by you shall be at your sole discretion, independent analysis and at your own evaluation of the risks involved. The use of any information set out in this document is entirely at the recipient's own risk. The information set out in this document has been prepared by ICICI Bank based upon projections which have been determined in good faith by lClCl Bank and from sources deemed reliable. There can be no assurance that such projections will prove to be accurate. lClCl Bank does not accept any responsibility for any errors whether caused by negligence or otherwise or for any loss or damage incurred by anyone in reliance on anything set out in this document. The information set out in this document has been prepared by ICICI Bank based upon projections which have been determined in good faith and sources considered reliable by lClCl Bank. In preparing this document we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us or which was otherwise reviewed by us. Past performance cannot be a guide to future performance. 'lClCl ' and the 'I-man' logo are the trademarks and property of lCICl Bank. Misuse of any intellectual property, or any other content displayed herein is strictly prohibited.

People who read this also read

View All

Recommended

View All
Blog
2 mins Read | 4 Years Ago
What are the Documents required to buy a FASTag?
FASTag
22108

Scroll to top

arrow