SBI FASTAG FRANCHISE

About FASTag

FASTag is a simple to use, reloadable tag which enables automatic deduction of toll charges and lets you pass through the toll plaza without stopping for the cash transaction. FASTag is linked to a prepaid account from which the applicable toll amount is deducted. The tag employs Radio-frequency Identification (RFID) technology and is affixed on the vehicle’s windscreen after the tag account is active. FASTag is a perfect solution for a hassle free trip on national highways. FASTag is presently operational at 407 toll plazas across national and state highways. More toll plazas will be brought under the FASTag program in the future.

How FASTag Works ?

No Waiting at Tolls Users has more Convenience for Cashless payments by using Fastag and no more waiting at toll plazas and save time.

Scan Fastag at toll Plaza As the vehicle reaches the toll plaza, a unique identification number that is embedded on the tag is read by road side RFID reader.

Amount Deducted from Wallet Applicable toll amount is deducted from a prepaid account that is linked to that particular FASTag , passes the vehicle without interrupt.

Benefits of Using FASTag :

Ease of payment – No need to carry cash for the toll transactions and saves time Near non-stop movement of vehicles leading to lower fuel cost.

Online Recharge – FASTag can be recharged online through Credit Card / Debit Card or Net banking

SMS alerts for toll transactions, low balance, recharges etc.

Online Portal for Customers

Bank, Vendors FASTag Validity of 5 Years

*Environmental benefits :

Reduced air pollution

Reduced use of paper

*Social benefits :

Reduced toll payment hassles Analytics for better highway management Economic benefits

Reduced effort in management at toll plaza Reduced effort in monitoring centrally

How it Works?

*This system is based on Radio Frequency Identification (RFID) technology, in this system a SBI FASTag is affixed on the vehicle which is identified by a RFID reader at toll gate as that vehicle passes through a toll gate.

*This RFID reader passes that information to a settlement system and the amount gets debited from the customer’s account directly.

Industry Potential :

➢Total currently 537 NH toll plazas across the country.
➢Approximately 25000 Crores toll transactions happening yearly.
➢Around 85 Lakhs FASTags has been issued till date.
➢More then 21 Crores registered vehicles in India till 2015.
➢Only seven states having more then 10 Crores registered vehicles viz. Maharashtra,
Tamil Nadu, Uttar Pradesh, Gujarat, Karnataka, Rajasthan and Madhya Pradesh.

New Opportunities :

➢ FASTag mandatory at NHAI’s 537 toll plazas except for one lane.
➢ Double toll has to be paid if the vehicle is not having FASTag.
➢ FASTag also started in State Highway toll plazas.
➢ FASTag can be used in smart parking’s and petrol pumps very soon.
➢ Pay out on toll transactions also be provided to agents very soon.

Scope of Work :

➢ Registration of RFID tags (FASTag) in the SBI portal.
➢ Verification of documents i.e. KYC of the customer.
➢ Physical verification of the vehicle as per Registration Certificate.
➢ Providing facilities for recharges to the customers.
➢ Conducting outbound activities in camp for issuance of RFID tags.
➢ Meeting with SBI LHO/RBO officials on regular basis.

Required facilities by Agent :

➢Computer/Tablet to run the SBI Portal(IHS).
➢Dedicated Internet facility.
➢KYC collection and verification-online/offline.
➢KYC documents scanning and uploading facility.
➢Image capturing of the vehicle and uploading.
➢Cash Handling for issuing and top up of SBI FASTags.

Potential Customers :

➢Transporters
➢Fleet owners
➢Lorry Associations
➢Taxi owners
➢Petrol Pumps
➢RTOs
➢Toll Plazas
➢Parkings
➢Courier and Cargo
➢Mover and Packers

Tag Affixing Guidelines :

➢Remove the adhesive liner from the tag.
➢Affix on the top middle of the windshield from inside the vehicle.
➢Press the sticker gently on the windshield.
➢Always keep the adhesive side facing outside.
➢Once the tag is pasted do not try to remove or reposition it.

FASTag Vehicle Class Category

Commission on Tag Affixing & Recharges