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What is FASTag

FASTag

About FASTag

What is FASTag

Come December 15, get ready to fish out double the toll tax if FASTag is missing from your vehicle. To prevent congestion at toll plazas, the government has made it mandatory to declare all lanes at toll fee plaza on national highways as 'FASTag lanes'.
 
So what are FASTags, how to buy them and are they beneficial?
 
Here are some FAQs on FASTags
 
What is FASTag?
 
FASTag is an electronic toll collection system, operated by the NHAI. Based on radio frequency identification (RFID) technology, FASTag is affixed on the windscreen of vehicles. In other words, FASTags are prepaid rechargeable tags for toll collection. FASTags
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Latest Updates on FASTag

GDP growth in FY25 may surpass Economic Survey's prediction: India Inc

Sanjeev Agrawal, President, PHD Chamber of Commerce and Industry, said, "We believe that the growth will be above such conservative estimates as 8 per cent growth is becoming a new normal for India"

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Updated On : 22 Jul 2024 | 10:12 PM IST

Cars on highways to be offered insurance cover using Fastag soon: Report

Centre may also come up with a plan to provide third-party insurance cover for motor vehicles when they are impounded by traffic police or transport department officials

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Updated On : 28 Feb 2023 | 9:48 AM IST

FASTag collections hit Rs 50,000 cr in 2022, up 46% YoY: NHAI data

Monthly toll collection put at approx Rs 4200 crore, signalling stronger adoption of electronic toll collection

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Updated On : 24 Jan 2023 | 9:26 PM IST

HC asks NHAI to respond to plea challenging collection of double toll tax

Delhi High Court sought the response of the NHAI and the Centre to a plea challenging the rule making it compulsory for vehicles without FASTag to pay double the the toll tax

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Updated On : 23 Dec 2022 | 4:14 PM IST

FASTag in fast lane: Spike in adoption lifts toll collection past Rs 33K cr

Adoption of fastag by travellers in the country has recorded a significant rise following the declaration of all lanes of fee plazas on National Highways as FASTag Lane

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Updated On : 07 Aug 2022 | 11:04 AM IST

Top headlines: India Inc divided over new apps, tax revenues at record high

Business Standard brings you the top headlines this morning

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Updated On : 09 Apr 2022 | 7:18 AM IST

After a sprint, a pause for breath

2021 not only saw record funding creating a third of the country's unicorns, but also the first major listings, providing new valuation anchors

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Updated On : 05 Apr 2022 | 12:15 AM IST

For FASTag, EV charging is the next big opportunity: Numadic CEO

The introduction of FASTag has almost entirely digitised governance in transport, which was until very recently a 100 per cent cash industry: Numadic CEO

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Updated On : 19 Mar 2022 | 6:02 AM IST

Taking immediate steps to comply with RBI directions: Paytm Payments Bank

This is the third time that Vijay Shekhar Sharma-promoted Paytm Payments Bank (PPBL) is facing action from the banking regulator since its inception in May 2017

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Updated On : 12 Mar 2022 | 10:23 PM IST

Volume IconWhat's in-car payment?

Technology, sure, is making our lives easier. After FASTag cut short our waiting time at toll plazas, more plans are afoot for similar experiments. Let us see what they are, in this report

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Updated On : 17 Feb 2022 | 8:45 AM IST

Paytm Payments Bank issues over 450,000 FASTags in December

Paytm Payments Bank Ltd (PPBL) claims to have led the market in the FASTag segment with 28.2 per cent market share

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Updated On : 17 Jan 2022 | 8:51 PM IST

Volume IconTMS, Ep 43: India at COP26, way ahead for MFIs, EMs in 2022, and FASTags

Is India on the wrong side of climate action with its COP26 commitment? What's the road ahead for microfinance institutions? What is FASTag and how does it work? Find the answers here

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Updated On : 16 Nov 2021 | 8:00 AM IST

FASTag toll collection reaches record Rs 3,356 crore in October

The government made FASTags mandatory from February 15 midnight

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Updated On : 01 Nov 2021 | 5:29 PM IST

Paytm launches India's first FASTag-based facility at Delhi Metro parking

Paytm has enabled a UPI-based payment for two-wheelers entering the parking site, thereby digitising the entire parking payments

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Updated On : 13 Sep 2021 | 11:07 PM IST

Paytm to launch FASTag-based parking service across India; starts with DMRC

Paytm Payments Bank Ltd (PPBL) on Monday said it has enabled the country's first FASTag-based metro parking facility in partnership with the Delhi Metro Rail Corporation (DMRC).

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Updated On : 13 Sep 2021 | 3:30 PM IST

Karnataka Bank launches KBL FASTag for seamless toll deduction

Karnataka Bank on Wednesday launched KBL FASTag for seamless movement of vehicles at toll plazas by facilitating automatic deduction of the toll amount.

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Updated On : 25 Aug 2021 | 6:04 PM IST

Covid-19 second wave: Digital payments drop as state impose curbs

UPI saw a 4.3 per cent dip in transaction volume and a 2.22 per cent dip in transaction value

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Updated On : 04 May 2021 | 10:47 PM IST

Covid-19 second wave: Digital payments drop as state impose curbs

UPI saw a 4.3 per cent dip in transaction volume and a 2.22 per cent dip in transaction value

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Updated On : 04 May 2021 | 10:48 PM IST
Updated On : 22 Mar 2021 | 7:20 PM IST

Bombay HC seeks Centre's response on PIL against FASTag system

The Bombay High Court on Wednesday directed the Union government to file an affidavit in response to a PIL challenging the decision of making FASTag

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Updated On : 03 Mar 2021 | 5:53 PM IST