Active Stocks
Tue Apr 16 2024 15:29:59
  1. Tata Steel share price
  2. 160.15 -0.47%
  1. Infosys share price
  2. 1,415.80 -3.58%
  1. NTPC share price
  2. 359.40 -0.54%
  1. State Bank Of India share price
  2. 753.00 -0.51%
  1. HDFC Bank share price
  2. 1,512.65 1.18%
Business News/ News / India/  Over 1.15 crore FASTags issued so far
BackBack

Over 1.15 crore FASTags issued so far

NHAI started electronic toll collection through RFID-based FASTags on its 523 toll plazas on December 15
  • The daily transactional value has crossed ₹52 crore with the number of FASTag payments surpassing 30 lakh
  • FASTags have been sold only by authorized banks so far. Photo: MintPremium
    FASTags have been sold only by authorized banks so far. Photo: Mint

    New Delhi: Over 1.15 crore FASTags - electronic toll collection system on national highways — have been issued so far, the government said on Tuesday.

    The National Highways Authority of India (NHAI) started electronic toll collection through RFID-based FASTags on its 523 toll plazas on December 15 for seamless flow of traffic.

    "Over 1.15 crore FASTags have already been issued, with more than one lakh being issued every day," the Ministry of Road Transport & Highways said in a statement.

    The daily transactional value has crossed 52 crore with the number of FASTag payments surpassing 30 lakh, it added.

    A FASTag provides smooth journey to commuters through toll plazas on national highways.

    In order to simplify the recharge of FASTag, the Centre has recently included UPI-based BHIM app among many other modes of recharge.

    Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

    Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
    More Less
    Published: 01 Jan 2020, 08:37 AM IST
    Next Story footLogo
    Recommended For You
    Switch to the Mint app for fast and personalized news - Get App