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ICICI Bank integrates FASTag at Vashi toll plaza in Navi Mumbai

ICICI Bank integrates FASTag at Vashi toll plaza in Navi Mumbai

Mumbai, Sep 8 (UNI) Private sector lender ICICI Bank on Tuesday said that it has integrated FASTag technology at Vashi toll plaza in Navi Mumbai, in association with the Maharashtra State Road Development Corporation Limited (MSRDC).

This integration enables commuters to seamlessly pay toll charges using FASTag issued by any bank, and experience a hassle-free journey. It is completely contactless, which ensures safety of the commuters during the COVID-19 pandemic.



With this, ICICI becomes the first Bank to integrate FASTag at Vashi toll plaza. The Bank will shortly integrate FASTag at other toll plazas in Mumbai suburbs, including Airoli, Dahisar, Mulund and Thane.

FASTag is a brand name, owned by the Indian Highways Management Company Ltd (IHMCL), which carries out electronic tolling and other ancillary projects of the National Highway Authorities of India (NHAI).

This Radio Frequency Identification Device (RFID) tag is affixed on the windscreen of the vehicle. It is an easy to use, rechargeable tag, which enables automatic deduction of toll charges and lets the vehicle pass through the toll plaza, without stopping for cash transaction.

Speaking on the initiative, Sudipta Roy, Head- Unsecured Assets, ICICI Bank said, 'We at ICICI Bank are proud to be associated with the integration of FASTag technology at Vashi toll plaza along with MSRDC, IHMCL, NPCI and the operator of the toll plaza, MEP Infrastructure.

'ICICI Bank was the first to launch this innovative service on the Mumbai – Vadodara corridor. We have successfully set benchmarks that are now being leveraged to create national standards for inter-operability between all banks.

'We are also collaborating with various partners to come up with other innovative uses of FASTag payments.

'As part of this, we are working with NPCI to deploy FASTag-based contactless parking solution at malls and airports across key cities in the country, in the coming months. The Bank has already implemented this facility at the parking place of the GMR Hyderabad International Airport.”

Speaking on the initiative, Vijay Waghmare, Joint Managing Director II, MSRDC said, 'With the successful roll out of FASTag at RGSL (Rajiv Gandhi Sea Link), we have rolled out FASTag services at Vashi, which is one of the plazas that commuters use to travel to and from Mumbai.

'ETC services will be rolled out at Dahisar, Thane, Airoli & Mulund in due course of time. Post 'Unlock 4.0,' vehicular traffic has picked up again and in order to give commuters a safe and contactless way of toll payments, digital payments like FASTag is the way forward”



Commuters, who own passenger vehicles, can purchase FASTag at the point of sale center set up by the Bank at Vashi toll plaza. Additionally, ICICI Bank customers can also avail FASTag using the Bank’s digital channels of banking including internet banking, iMobile app, InstaBIZ app, Pockets app or by visiting their nearest bank branch.

The tag can be reloaded with funds seamlessly online using the Bank’s internet banking, UPI and NEFT platforms. Commuters who are not the customers of ICICI Bank can purchase FASTag using the Pockets app or by simply visiting www.icicibank.com/fastag.

UNI JS RJ 1824

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