A Oneindia Venture

Equitas FASTag

FasTag, operated by the National Highways Authority of India is an electronic toll collection system. The unique Radio Frequency Identification technology is used to make direct toll payments from the prepaid or savings account linked to the fastag. FASTags are issued by 22 certified banks including Equitas Small Finance Bank, using various channels.

Overview

Equitas FASTag is a simple, rechargeable tag that allows automatic deduction of toll charges on national highways and allows you to pass through toll plazas without stopping for cash transactions. FASTag is linked to an online portal that deducts the applicable toll amount.

The tag uses Radio-frequency Identification (RFID) technology and is attached to the vehicle's windscreen for a worry-free journey.

How does it function?

  • Make a deposit into your FASTag Account or make sure your linked Equitas bank account is fully funded
  • Scan tag as you walk through the plaza
  • Go through the plaza

Benefits 

  • When the vehicle approaches the toll plaza, the Equitas FASTag is read by the tag reader, and the toll amount is automatically deducted.
  • You can top up your FASTag account online using a debit card or net banking.
  • Log in to the FASTag portal to access your statements.
  • You will receive SMS notifications on their registered mobile numbers for all FASTag transactions.
  • There's no need to carry cash for toll payments anymore.

FASTag Features-

  • There is no need to carry cash for toll transactions, which saves time.
  • Vehicles move almost continuously, resulting in lower fuel costs.
  • FASTag can be recharged online using a credit card, debit card, or net banking SMS alerts for toll transactions, low balance, and recharges, among other things.
  • Customers, banks, and vendors can all access an online portal.
  • FASTag has a 5-year validity period.

FASTag Advantages-

Environmental advantages

  • Air pollution has been reduced.
  • Paper consumption has been reduced.

Social advantages

  • Reduced toll payment complications
  • Analytics to improve highway management

Economic advantages

  • The toll plaza's management effort has been scaled back.
  • Central monitoring requires less effort.
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