NHAI to Launch India’s First Bank-Driven Toll Collection System
The National Highways Authority of India (NHAI) is preparing to roll out the country’s first bank-driven toll collection system, a significant step aimed at enhancing the efficiency of toll payments on national highways. This innovative system will allow bank-led digital transactions for toll collection, reducing reliance on existing government-operated systems such as FASTag.
The initiative is designed to facilitate faster and more secure toll payments, aligning with the government’s broader push for digitalization in transportation. By leveraging banking infrastructure, the NHAI aims to streamline the payment process, thereby minimizing congestion at toll booths and improving overall traffic flow.
As part of this system, users will be able to link their bank accounts to the toll payment service, allowing for automatic deductions and seamless transactions. This development is expected to enhance convenience for motorists, encourage cashless payments, and promote a smoother travel experience across India’s extensive highway network.
The NHAI’s move towards a bank-driven toll system reflects its commitment to modernization and improving service delivery in the transportation sector. Further details regarding the implementation timeline and operational guidelines are anticipated in the coming weeks.
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