If driving is the answer to quell your uncontrollable thirst for adventure, then a few places or areas can be as rewarding to the experience than driving on the highways.
The pleasure of driving on the highways is one of the rare joys of an adventure-fuelled life. In a way, you are coaxed into hitting the gas hard without caring an iota about the world. But once out there, you’ve got to be mindful of several do’s and dont’s, among them, stopping by at various toll plazas and fuel stations to do the needful.
In such times, a thing or two that can add to your convenience can be highly rewarding- isn’t it? Perhaps this is exactly where the Fastags, or, in layman terms, the government-approved smart cards made for payment of toll on highways comes into play.
And to that end, it is worthwhile to know that paying the mandatory toll charges is now very much possible using Fastag 2.0, a newer version of the smart cards.
So how does this work and what are you to do, exactly? A piece of great news for drivers out there is that the fastags that were hitherto put to use for paying charges at the toll plazas can soon be used to buy fuel.
If that’s not an encouraging piece of news, then one wonders, what is?
Among the banks to have already secured a green signal from the revered RBI is the famous IDFC First Bank, the first in line to get the clearance.
Thus far, a final name for the Fastag 2.0 is yet to be elected but for the time being, one’s keeping the name simply as Fastag 2.0.
But the aspect of name kept aside, it’s really a matter of great convenience for those out on the roads and highways that with an item like the Fastag 2.0, one can now easily make payment for both toll (charges) as well as fuel.
As it is, these are two of the commonest commodities one ends up spending most of the money on. And to that end, adopting cashless transactions is the order of the day. Hence, Fastag 2.0.
The Hindu Business Line made elaborate observations on the developing story and happened to share the following:
In total, 22 banks issue Fastags, with ICICI, SBI and PayTM Bank accounting for a major chunk. The Road Ministry, the National Highway Authority of India (NHAI) and the Indian Highways Management Company Ltd (IHMCL) in which the NHAI, several road developers and banks have an equity stake, have been working towards making Fastags more widely acceptable.
Where the Indian roads stand then there are some 450 toll plazas on the country’s national highways. That number alone suffices to give a brief example of the sheer bulk of transactions that one witnesses on a daily (grind) basis.
Soon, if everything falls into the order of approvals and permissions then the Fastags may also be used for the payment of the simplest of monetary transactions, such as the parking fees.