China CITIC Bank exclusively assists the city’s government agencies and institutions to install electronic tags

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The promotion and application of ETC in vehicles by government agencies and institutions has the following advantages:

1. Energy saving and consumption reduction: Vehicles equipped with ETC can pass through the ETC dedicated lane at a speed of 20 km/h, without braking-parking-payment-start-acceleration and other links. And the charging standard is automatically billed, the transaction time is less than 250 milliseconds, and it has LCD display and buzzer prompt function, which effectively saves fuel consumption.

2. Standardized fee management: After the contracted vehicle passes through the ETC lane of the expressway or swipes the IC card in the electronic label in the manual toll lane, the expressway ETC charge management system will automatically charge according to the vehicle’s itinerary and charge standard, and collect the receivables. The information is sent to China CITIC Bank. Our bank will deduct the relevant funds from your contract account according to your authorization. The ETC business has opened a user-specific service website:www.zjetc.cn; After a unit or individual logs in to the website and registers as a user, they can inquire and download the pass consumption list of each contracted vehicle at any time. The toll invoice (with the toll consumption list attached) will be sent to the unit or individual on a regular basis.

3. Safety and anti-theft: The ETC electronic tag is based on the two-way authentication and encryption/decryption of the 3Des algorithm, which conforms to the PBOC financial card transaction specification.

Fourth, firm and durable: ETC electronic tags are made of high-temperature ABS plastic material and fixed with super-strong 3M double-sided tape, powered by solar rechargeable lithium batteries, and no manual intervention is required after installation.

5. Strong applicability: ETC electronic tags are ultra-thin and ultra-small, and can be installed on the inside of the car’s front windshield without affecting the driving sight.

6. Flexible choice of lanes: The contracted vehicles can choose the ETC dedicated lane, or they can choose the manual payment lane to pass the expressway entrance and exit. At present, all major expressway toll stations in Zhejiang Province have set up ETC lanes. In the next stage, the five provinces and cities in the Yangtze River Delta (Shenzhen, Jiangsu, Zhejiang, Anhui, and Jiangxi) and the whole country will be networked to allow you to travel unimpeded across the country.

7. Save money: 30% off expressway tolls within 3 years from the date of signing the contract.

8. Convenient handling: China CITIC Bank is equipped with “one-stop” vehicle signing and electronic label installation services.Our bank can provide door-to-door group installation services for units and individuals in need

How to handle and use ETC business:

1. The unit in need can send someone or call the branch of China CITIC Bank Shangyu Sub-branch to obtain the relevant agreement and application form, and provide relevant handling materials such as the vehicle driving license to be signed, the organization code certificate, and the ID card of the manager.

2. Units that are included in centralized accounting should bring the filled-in relevant agreements to the corresponding accounting center and account opening bank for entrusted payment authorization; non-centralized accounting entities should go directly to your institution’s account opening bank to apply for entrusted payment authorization. If your company has opened an account with China CITIC Bank, you can directly go to our branch to sign the contract.

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