BANKING AFFAIRS

Detailed explanation-1: -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-2: -Baroda FASTag is a device that employs Radio Frequency Identification (RFID) technology for making toll payments directly from the prepaid account linked to it. It is affixed on the windscreen of your vehicle and enables you to drive through toll plazas.

Detailed explanation-3: -Eliminating the manual collection of tax in cash at toll plazas, the FASTag uses a Radio Frequency Technology Device (RFID) to detect the tag on a vehicle and deduct the amount from the linked digital wallet as the toll tax amount. You can learn more about how the FASTag works here.