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Home Economy

FASTag

May 29, 2020
in Economy
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  • FASTag is a small sticker that needs to be stuck on your car’s windshield.
  • The sticker employs Radio-frequency Identification (RFID) technology to identify the vehicle and its associated payment option.
  • When the sticker is scanned, the operator can directly debit toll charges from your bank account or attached wallet.
  • This system eliminates the need for a manual point of sales machine for debit or credit cards and is extremely fast.
  • Toll booths are now equipped with RFID scanners and can automatically deduct toll charges within seconds.

  • Users need to ensure that the tag’s online wallet has sufficient balance and can easily top-it-up like any other utility.
  • All toll collection points in India are being upgraded to have at least 75% lanes reserved for ETC (Electronic Toll Collection) tags.
  • The roll-out of FASTag has been done under NPCI’s (National Payments Corporation of India) National Electronic Toll Collection program.
  • The program brought together a plethora of stakeholders ranging from highway operators to banks.

 

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Tags: Prelims

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