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Good news on FASTag! No more worries on minimum balance, NHAI changes THIS rule
FASTags ar useful for the commuters as they will not need to stop at toll plazas for cash payments. It also saves time and fuel. The FASTags were launched in the year 2016, and four banks together issued nearly a lakh of them. By 2017, their numbers went up to seven lakh. Over 34 lakh FASTags were issued in 2018.
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The National Highways Authority of India has decided to do away with the requirement of maintaining a minimum amount in FASTag wallet. The move aims at ensuring seamless movement at electronic toll plazas. As payment on toll plazas through FASTag will become mandatory from February 15, 2021, National Highways Authority of India is targeting to achieve 100 per cent cashless tolling at the toll plazas across the country.
NHAI has said that it has decided to remove the mandatory threshold amount for the FASTag account / wallet, which was paid by the user in addition to the security deposit for the passenger segment (Car/Jeep/Van).
It said issuer banks were unilaterally mandating some threshold amount value for the FASTag account/wallet, in addition to the security deposit amount. As a result, many FASTag users were not allowed to pass through a toll plaza, in spite of having sufficient balance in their FASTag account/wallet, the statement said adding this was resulting into unwanted hassles and avoidable delay at toll plazas.
It has been decided that the users will now be allowed to pass through the toll plaza, if the FASTag account/ wallet balance is non-negative, the statement said.
After crossing the toll plaza, if the account balance becomes negative, the bank can recover the amount from the security deposit, which should be replenished at the time of the next recharge by the user, NHAI said.
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