SBI launches FASTag aimed to reduce travel time on highways

02 Sep 2024 CW Team

For those unfamiliar, the SBI FASTag is a device that uses Radio Frequency Identification (RFID) technology to facilitate toll payments directly from a prepaid or savings account linked to it. The tag is affixed to the vehicle?s windscreen, allowing drivers to pass through toll plazas without needing to stop for cash transactions. It was noted that the tag can be purchased from designated issuers, and if linked to a prepaid account, users must recharge or top up the tag as needed.

SBI has clarified that the new FASTag design is specifically intended for Vehicle Class 4, which includes cars, jeeps, and vans. The updated design is expected to improve vehicle identification and streamline the toll collection process, with the ultimate goal of reducing travel time for commuters.

Several benefits have been associated with the new FASTag design: improved vehicle identification, which facilitates easier and more accurate recognition by toll plaza operators; a reduction in chargebacks by preventing incorrect toll charges, thereby potentially increasing revenue for both the government and toll concessionaires; and faster toll payments, which could lead to shorter wait times for commuters.

In addition to the new FASTag design, SBI has also introduced several products, including the MTS RuPay NCMC prepaid card, which offers a seamless, offline payment solution for various transit projects such as metro rails, buses, ferries, tolls, and parking. Furthermore, the OneView mobile application has been launched, providing a comprehensive platform for managing SBI?s NCMC prepaid cards, making it easier for customers to top-up, track, and manage their cards.

State Bank of India (SBI) has reportedly introduced a new design for its FASTag, intended to reduce travel time for commuters. In a press release dated 30th August 2024, it was mentioned that the bank has launched an updated design for the SBI FASTag specifically in the Vehicle Class (VC-04) category. This advanced FASTag design is said to enhance vehicle identification and toll collection efficiency, ultimately aimed at reducing travel time for millions of commuters across India. For those unfamiliar, the SBI FASTag is a device that uses Radio Frequency Identification (RFID) technology to facilitate toll payments directly from a prepaid or savings account linked to it. The tag is affixed to the vehicle?s windscreen, allowing drivers to pass through toll plazas without needing to stop for cash transactions. It was noted that the tag can be purchased from designated issuers, and if linked to a prepaid account, users must recharge or top up the tag as needed. SBI has clarified that the new FASTag design is specifically intended for Vehicle Class 4, which includes cars, jeeps, and vans. The updated design is expected to improve vehicle identification and streamline the toll collection process, with the ultimate goal of reducing travel time for commuters. Several benefits have been associated with the new FASTag design: improved vehicle identification, which facilitates easier and more accurate recognition by toll plaza operators; a reduction in chargebacks by preventing incorrect toll charges, thereby potentially increasing revenue for both the government and toll concessionaires; and faster toll payments, which could lead to shorter wait times for commuters. In addition to the new FASTag design, SBI has also introduced several products, including the MTS RuPay NCMC prepaid card, which offers a seamless, offline payment solution for various transit projects such as metro rails, buses, ferries, tolls, and parking. Furthermore, the OneView mobile application has been launched, providing a comprehensive platform for managing SBI?s NCMC prepaid cards, making it easier for customers to top-up, track, and manage their cards.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Infrastructure Urban

01 Jun 2026

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Infrastructure Urban

01 Jun 2026

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..