State Bank of India (SBI) has launched a cashless drive through toll plaza product for its customers in Hyderabad. The product, christened SBI Fastag, is a card that works on Radio Frequency Identification (RFID) technology. Money can be loaded on the card. It is affixed on the windscreen of the vehicle and enables it to drive through toll plazas without stopping for cash transactions by allowing auto debit of toll amount from the card balance.
Currently, the facility is operational in about 350 toll plazas across the national highways. SBI Hyderabad circle has so far issued 6,300 Fastags. The system is interoperable and the same Fastag can be used across all toll plazas under the national Electronic Toll Collection programme.
