FASTag rollout reaches 0.35 million mark

As of March 3, 2017, a total of 347,200 electronic tags have been issued for fee collection on national highways. The National Payments Corporation of India has been engaged as the central clearing house (CCH) to implement interoperability, so that several banks could participate in the electronic toll collection (ETC) programme. NHAI has incorporated Indian Highway Management Company Limited (IHMCL) to expedite the implementation of the programme. The participating banks are the State Bank of India, Karur Vysya Bank, ICICI Bank, Axis Bank, IDFC Bank and Equitas SF Bank.