BANKING AFFAIRS

Detailed explanation-1: -FASTag is an electronic toll collection system, operated by the NHAI. Based on radio frequency identification (RFID) technology, FASTag is affixed on the windscreen of vehicles. In other words, FASTags are prepaid rechargeable tags for toll collection.

Detailed explanation-2: -FASTag is an electronic toll collection system in India, operated by the National Highways Authority of India (NHAI). It employs Radio Frequency Identification (RFID) technology for making toll payments directly from the prepaid or savings account linked to it or directly toll owner.

Detailed explanation-3: -FASTag is a device that employs Radio Frequency Identification (RFID) technology for making toll payments directly while the vehicle is in motion. FASTag (RFID Tag) is affixed on the windscreen of the vehicle and enables a customer to make the toll payments directly from the account which is linked to FASTag.

Detailed explanation-4: -There are 7 Tag classes as per tolling class at the toll plaza of National Highway. These classes are written on FASTag. Issuer can identify the Fastag with classes written on the tag. Toll plaza system also identifies the FASTag class.