Electronic tolling will start across 300 national highways from April 1 with users getting a 10 per cent discount on toll charges in the first year.
According to a news report on the Hindu Business Line website, The National Highways Authority of India (NHAI) expects the project to take off with the users getting a discount and issuing banks getting a certain percentage of collections from toll fee as well as the developers.
In the remaining 57 toll plazas spread across National Highways, electronic toll collection can be done by handheld devices.
Tags will be sold from April 1 at outlets as selected by banks. Tags will also be sold online. State Bank of India, ICICI and Axis are the first lot of banks to sell the tags and tags will be inter-operable.
Other banks can also join in by adhering to some of the system requirements.