Mumbai is now FASTag prepared with 3 important toll plazas coming beneath the electronic toll collection program, stated the National Payments Corporation of India. These 3 important toll plazas in the monetary capital- Airoli, Mulund Eastern Express Way as effectively as Mulund (LBS Marg), went reside not too long ago on NETC FASTag platform. The platform has been enabled by Rajiv Gandhi Sea hyperlink plaza and Vashi Toll plaza, giving seamless, on-the-go toll payments encounter. At present, the implementation work is underway at Dahisar toll plaza and it is anticipated to go reside quickly. According to a PTI report, ICICI Bank is the initial such bank in the nation to integrate with the FASTag technologies at toll plazas in Airoli, Vashi, Dahisar, Mulund Eastern Expressway, Mulund.
To bring in the ideal practices implemented at national highways, ICICI bank will continue to work closely with MEP Infrastructure, operator of the toll plazas, according to NPCI. Also, the corporation is expecting all parking lots in the monetary capital to steadily adopt one hundred% intelligent and contactless parking. Last month i.e., November 2020, NETC FASTag’s transaction count stood at an quantity of 12.48 crore with transaction worth Rs 2,102.02 crore, compared to 12.23 crore transactions worth an quantity of Rs 2,137.16 crore in the month of October 2020.
According to Business Head of ICICI Bank, Sudipta Roy, the implementation of FASTag at these toll plazas is benefitting millions of commuters to zip via the toll plazas without having stopping to make payment for the toll. Also, ICICI Bank is collaborating with several partners in order to implement FASTag at airports and malls. As component of this, the bank is working with NPCI to deploy FASTag-primarily based intelligent parking remedy at airports and malls across important Indian cities. This facility has currently been implemented at the GMR Hyderabad International Airport, Roy stated.
A uncomplicated to use, reloadable tag, the NETC FASTag is fixed on the vehicle’s windscreen which makes it possible for automatic toll charge deduction from the linked prepaid or savings bank account when the car is moving. For all the transactions carried out in the tag account, an SMS alert is received by the user on his/her registered mobile quantity. With NETC FASTag, the car does not need to have to quit or halt at toll plazas for toll payment, thereby saving fuel as effectively as travel time. These FASTags can also be bought at choose bank branches, toll plazas as effectively as on the web via e-commerce platforms. These tags can be recharged on the web via all payment channels such as BHIM UPI, debit cards, credit cards or BBPS.