NHAI asks banks to issue FASTag for free till December 1
TNN | Nov 25, 2019, 10.46 AM
CHENNAI: After starting a drive to issue FASTag free of cost from November 22 to December 1, the National Highways Authority of India (NHAI) has asked private banks to issue the same for free to encourage vehicle owners to switch over to the electronic toll collection system.
The NHAI authorities have instructed several private banks - including ICICI, Axis, HDFC, IDFC First, IndusInd and Kotak Mahindra Bank - to issue FASTag free of cost. The NHAI authorities took the measure following the announcement of Union road transport and highways minister Nitin Gadkari that FASTag could be availed for free from November 22 to December 1.
IMCL (Indian Highways Management Company Limited), an initiative of the NHAI which is implementing the project, urged the banks to waive off the security deposit as a "promotional gesture".
The programme was launched to ensure faster movement of vehicles at toll plazas, cashless payment and reduction of traffic congestion. ETC (electronic toll collection) is mandatory from December 1.
Vehicle owners can get the tag at point of sale (POS) put up by the NHAI at toll plazas, besides approaching the banks or getting it online. At present, there are 90 POS in 48 toll plazas in the state - 26 in Chennai region and 22 in Madurai region - and majority of them have been put up by the NHAI. Vehicle owners have to produce photocopy of their driving license and vehicle's registration certification (RC) to get FASTag. As of now, nearly 40% of the vehicles in Tamil Nadu have been fitted with the radio-frequency identification tag, said an official.
The authorities have also cautioned that vehicles not fitted with FASTag would be charged double the toll fee if they use 'FASTag lanes' at toll plazas.
TNN | Nov 25, 2019, 10.46 AM
CHENNAI: After starting a drive to issue FASTag free of cost from November 22 to December 1, the National Highways Authority of India (NHAI) has asked private banks to issue the same for free to encourage vehicle owners to switch over to the electronic toll collection system.
The NHAI authorities have instructed several private banks - including ICICI, Axis, HDFC, IDFC First, IndusInd and Kotak Mahindra Bank - to issue FASTag free of cost. The NHAI authorities took the measure following the announcement of Union road transport and highways minister Nitin Gadkari that FASTag could be availed for free from November 22 to December 1.
IMCL (Indian Highways Management Company Limited), an initiative of the NHAI which is implementing the project, urged the banks to waive off the security deposit as a "promotional gesture".
The programme was launched to ensure faster movement of vehicles at toll plazas, cashless payment and reduction of traffic congestion. ETC (electronic toll collection) is mandatory from December 1.
Vehicle owners can get the tag at point of sale (POS) put up by the NHAI at toll plazas, besides approaching the banks or getting it online. At present, there are 90 POS in 48 toll plazas in the state - 26 in Chennai region and 22 in Madurai region - and majority of them have been put up by the NHAI. Vehicle owners have to produce photocopy of their driving license and vehicle's registration certification (RC) to get FASTag. As of now, nearly 40% of the vehicles in Tamil Nadu have been fitted with the radio-frequency identification tag, said an official.
The authorities have also cautioned that vehicles not fitted with FASTag would be charged double the toll fee if they use 'FASTag lanes' at toll plazas.
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