NHAI has told Fastag issuing banks that they cannot make it mandatory to keep any minimum balance other than security deposits. Earlier various banks were also asking to keep minimum balance in addition to the security deposit in Fastag.
new Delhi. The government has taken important steps to promote Fastag. The National Highways Authority of India (NHAI, NHAI) has abolished the obligation to keep minimum balance in Fastag. Although this facility is only for car, jeep or van, not for commercial vehicles.
NHAI has told Fastag issuing banks that they cannot make it mandatory to keep any minimum balance other than security deposits. Earlier various banks were also asking to keep minimum balance in addition to the security deposit in Fastag. Some banks were asking to keep a minimum balance of 150 rupees and some banks of 200 rupees. Due to the minimum balance, many FASTag users were not allowed to pass through a toll plaza even after having sufficient balance in their FASTag account / wallet. Due to this, there was no unnecessary nozzle at the toll plaza and many times there is inconvenience to the vehicles coming back.
If the balance is reduced to zero then the fast will not be able to leave the line
. According to the NHAI, the user will now be allowed to pass through the toll plaza as long as there is no negative balance in the FASTag account / wallet. Even if there is less money in the Fastag account, the car will be allowed to cross the toll plaza. Even after crossing the toll plaza, why should the Fastag account not become negative? If the customer does not recharge it, the bank can recover the negative account amount from the security deposit.
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FASTag 80% of the total toll collection
There are more than 2.54 crore Fastag users across the country. FASTag contributes 80 per cent of the total toll collection on the highway. Currently the daily toll collection through FASTag has crossed Rs 89 crore. Significantly, from 15 February 2021, payment on the toll plaza via Fastag will become mandatory. This is because National Highways Authority of India is aiming to get 100% cashless toll at toll plazas across the country.
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