Fastag for Commercial Vehicle Logistics Management
Fastag is a modern and innovative technology that has been introduced by the Indian Government. It is an electronic toll collection system that is based on radio frequency identification (RFID) technology. Fastag is aimed at making toll payments seamless, cashless, and hassle-free. It is a boon for commercial vehicle logistics management as it helps in reducing the time and cost involved in toll payments.
What is Fastag?
Fastag is a small tag that is affixed on the windscreen of the vehicle. It contains a microchip and an RFID antenna that is linked to the vehicle’s registration number and the owner’s account. When the vehicle approaches a toll plaza, the RFID reader installed at the toll booth reads the tag and the toll amount is deducted from the linked account automatically. There is no need for the driver to stop and pay cash at the toll booth. The whole process is seamless and takes only a few seconds.
Advantages of Fastag for Commercial Vehicle Logistics Management
Fastag has several advantages for the commercial vehicle logistics management industry. Some of the key advantages are:
Fastag eliminates the need for the driver to stop at every toll plaza to pay cash. This saves a lot of time and reduces the waiting time at the toll plaza. In turn, this helps in reducing the overall transit time for the goods being transported. This is especially beneficial for time-sensitive consignments.
Fastag eliminates the need for cash transactions at the toll plaza. This eliminates the chances of pilferage and reduces the overall cost involved in toll payments. Moreover, many toll plazas offer a discount on the toll amount for vehicles with Fastag. This makes it a cost-effective solution for commercial vehicle logistics management.
Fastag provides transparency in toll payments. The toll amount for each trip is deducted from the linked account, and the driver and the vehicle owner can track the toll transactions online. This helps in maintaining accurate records and eliminates the chances of any disputes.
No Need for Cash Management
Fastag eliminates the need for cash management for toll payments. This reduces the risk of theft and pilferage of cash. Moreover, it saves the time and effort involved in handling cash, counting it, and depositing it in the bank.
Fastag accounts can be recharged online using various payment modes like credit/debit cards, net banking, or UPI. This makes it easy for the vehicle owner to maintain the required balance in the account.
How to Get Fastag for Commercial Vehicle Logistics Management?
Getting Fastag for commercial vehicle logistics management is a simple process. The vehicle owner can apply for Fastag online through various banks and payment gateways. The following are the steps involved in getting Fastag:
Visit the website of the bank/payment gateway offering Fastag.
Fill the application form with all the required details like vehicle registration number, owner’s name, and address.
Upload the required documents like the vehicle’s registration certificate, owner’s ID proof, and address proof.
Make the payment for the Fastag issuance charges and the minimum balance amount.
Once the application is processed, the Fastag will be delivered to the registered address of the vehicle owner.
Affix the Fastag on the windscreen of the vehicle as per the instructions provided.
Link the Fastag to the bank account or e-wallet for toll payment.
Fastag is a revolutionary technology that has transformed the toll payment system in India. It has brought in a new era of seamless, cashless, and hassle-free toll payments. Fastag is a game-changer for commercial vehicle logistics management as it helps in reducing the time and cost involved in toll payments. It is a must-have for all commercial vehicles plying on Indian highways.