The State Bank of India (SBI) has unveiled a revised FASTag with the goal of cutting commuter travel times. On August 30, 2024, a new design was unveiled especially for Vehicle Class 4, which consists of automobiles, jeeps, and vans. The efficiency of toll collection and vehicle identification are improved with this upgraded FASTag.
Using Radio Frequency Identification (RFID) technology, the SBI FASTag enables direct toll payments from associated savings or prepaid accounts. It is attached to the windscreen of the car and permits traffic to flow past toll plazas without stopping for cash transactions. If the tag is connected to a prepaid account, users will need to recharge it.
Advantages of the Latest SBI FASTag
There are various benefits to the revised FASTag design. It facilitates more accurate vehicle recognition, which makes it simpler for toll plaza operators to identify vehicles. By avoiding inaccurate toll charges, this improvement lowers the number of chargeback cases and raises revenue for the government and toll concessionaires.
Furthermore, the expedited procedure results in quicker toll payments, thereby cutting down on commuter wait times. Millions of people around India are expected to experience smoother and more convenient travel because of this efficiency.
Who Can Use the New SBI FASTag?
Vehicle Class 4 vehicles are the only ones for which the new design is meant. This group includes vans, jeeps, and automobiles. The goal of concentrating on this particular class is to improve the overall experience for a large number of users of the road.
Other Products Introduced by SBI
SBI unveiled several cutting-edge products in addition to the new FASTag. For a smooth offline payment experience on a range of transportation projects, including metro trains, buses, ferries, tolls, and parking, use the MTS RuPay NCMC prepaid card. The goal of this card is to make transactions between various forms of transportation easier.
Additionally, SBI released the OneView smartphone app. An extensive platform for handling NCMC prepaid cards is offered by this software. Customers can use this user-friendly application to track, manage, and conveniently top up their cards. The activities of SBI are intended to improve the efficiency and ease of everyday travel as well as India's transportation networks. These developments demonstrate the bank's dedication to using technology to enhance client experiences with transportation services.
Inputs by Agencies
Image Source: Multiple Agencies
Ⓒ Copyright 2024. All Rights Reserved Powered by Vygr Media.
