Prior to this decision, customers were asked by banks to keep minimum balance in addition to the security deposit in Fastag. According to this condition, consumers had to keep a balance of 150 to 200 rupees.
FASTag Minimum Balance New Rule: The imperative to maintain minimum balance in Fastag is over. The National Highway Authority of India (NHAI) has changed the conditions. Now this requirement is applicable only for commercial vehicles. According to NHI, the decision will benefit the passenger segment (car, jeep, van).
NHAI has also informed FASTAG issuing banks. Banks have been asked not to make it mandatory to keep a minimum balance other than a security deposit. Prior to this decision, customers were asked by banks to keep minimum balance in addition to the security deposit in Fastag. According to this condition, consumers had to keep a balance of 150 to 200 rupees.
In the absence of minimum balance, people used to recharge in a hurry at the toll plaza itself. As a result, a lot of time was spent on toll plazas. That is, without a fixed amount in the Fastag account or wallet, we were not allowed to pass through a toll plaza.
This will not happen now after the change in the rules because even if there is zero balance, the car will be allowed to go from the toll plaza as banks will now be able to deduct the toll amount on the toll plaza from the security money of the consumer.
It is known that Fastag is mandatory to pay toll on all vehicles across the country. The government has implemented the new system through Fastag technology to make toll tax collection easier.
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at informalnewz@gmail.com
