Car homeowners will get a cashback of 5 per cent over fee of toll by means of FASTag at toll plazas on the Mumbai-Pune Expressway and Bandra-Worli Sealink from January 11, the Maharashtra State Street Growth Company (MSRDC) mentioned on Thursday. As per a launch issued by the transport physique, the cashback scheme was launched in a bid to extend the variety of autos utilizing FASTag.
The scheme will likely be relevant for vehicles, jeeps and SUVs for a restricted interval, it was acknowledged.
FASTag programme makes use of radio-frequency identification know-how, which offers customers a easy crossover at toll plazas with out halting. The fee is made digitally by means of the FASTag linked to the financial institution pockets.
“Throughout each journey, 5 per cent of the toll quantity will likely be straight deposited within the FASTag account of auto homeowners travelling on Mumbai-Pune Expressway and Bandra-Worli Sea Hyperlink,” Vijay Waghmare, joint managing director of the MSRDC mentioned.
The Ministry of Street Transport and Highways has appointed MSRDC as a Nodal company to develop the required infrastructure for FASTag system at toll plazas throughout the state.
In line with the MSRDC, FASTag has been applied on Mumbai-Pune Expressway, Bandra-Worli Sea Hyperlink, Satara-Kagal freeway and 4 entry factors of Mumbai metropolis.