Fastag increased toll collection from Rs 22,820 crore to Rs 50,855 crore in five years, doubling the government’s revenue

In the first half of this year, or from January to June 19, the government made Rs 28,180 crore from FASTag

 Earnings from Fastag have increased by 46% between 2021 and 2022. From Rs 34,778 crore to Rs 50,855 crore, it increased.

At the same time, the FASTag collection has more than doubled over the past five years, or between 2017 and 2022. From Rs 22,820 crore to Rs 50,855 crore, it increased. Fastag became required in 2021, which is why there has been a growth in the collection.

Fastag on 7.06 crore vehicles in the country, a 300% increase over 2019.

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According to the National Payments Corporation of India (NPCI), 7.06 crore vehicles in the country will have FASTags by May 2023. Fastag has experienced rapid growth since 2019. Only 1.70 crore vehicles in the country had FASTag in 2019. That is, there has been a 300% increase in this.

Maximum 143 fastag toll booths in MP and UP, with 114 toll booths in second place.

More than 964 toll booths across the nation use the FASTag system. The majority of these toll booths are in Madhya Pradesh. There are 143 toll plazas where FASTag is being used to collect toll. However, Uttar Pradesh is on the second number in this instance, where 114 toll booths are covered by this system.

Fastag is a toll collection system that uses RFID technology.

FASTag is a system for electronic toll collection. FASTag uses RFID (Radio-Frequency Identification) technology. Every FAS Tag is linked to the vehicle’s registration information. Prior to the introduction of FASTag, drivers had to stop at toll booths and pay the toll fee in cash. There has been a significant reduction in toll plaza lines since the implementation of FASTag.

Aside from toll plazas, fastag can be purchased from a variety of banks and online platforms.

FASTag can be purchased at any toll booth in the country. Aside from that, you can purchase it from any Axis Bank, ICICI Bank, HDFC Bank, SBI, or Kotak Bank branch. You can also purchase it through online platforms such as Paytm, Amazon, and Google Pay. You can also use this app to make payments by linking your Fastag account.

You can connect your bank account to this app if you want. Toll tax will be deducted from your account whenever you pass through a toll plaza with this. You must have ID proof and a vehicle registration document when purchasing a FAS Tag.

The fastag sticker has a five-year shelf life after which it needs to be renewed.

Once purchased, the FAS Tag sticker is good for five years. This indicates that you will need to replace the sticker or extend its validity after five years.