SBI FASTAG FRANCHISE
How FASTag Works ?
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 :
➢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.