No More New FASTags: Bank Switching Made Easy
What Happened
Union Minister Nitin Gadkari has launched OneTag, a new system that allows FASTag users to switch their issuing bank without replacing the physical FASTag sticker. Users can retain the same tag, Tag ID, and vehicle registration number while moving to another participating bank. The service will be available through NHAI's Rajmargyatra app and has been developed jointly by IHMCL and NPCI.
Key Takeaways
The move gives vehicle owners greater flexibility to choose their preferred bank, eliminates the hassle of getting a new FASTag, and reduces operational costs linked to tag reissuance. It also strengthens interoperability in India's FASTag ecosystem, which already has over 13 crore tags issued and accounts for more than 98% of toll transactions.