10 Essential Tools for Every Startup Founder

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FASTag is an electronic toll collection system introduced in India to facilitate seamless and cashless transactions at toll plazas on national highways.

Here's how FASTag works:

Project Management Tools: FASTag Sticker: A FASTag is a small, RFID-enabled sticker that is affixed to the windscreen of a vehicle.

Linked Account: The FASTag is linked to the user's bank account or prepaid wallet. This can be done through the issuer's website or mobile app.

RFID Technology: The FASTag sticker contains a Radio-Frequency Identification (RFID) chip and is associated with a unique identification number.

Toll Plaza Integration: When a vehicle approaches a toll plaza, the RFID reader at the toll booth reads the FASTag details, including the unique ID and the linked account information.

Automatic Deduction: The toll amount is automatically deducted from the linked account or prepaid wallet associated with the FASTag. This process eliminates the need for physical cash transactions.

SMS/Email Alerts: Users receive instant SMS or email notifications for every toll transaction, providing details such as the toll amount deducted and the remaining balance.

Online Recharge: Users can recharge their FASTag account online through the issuer's website or mobile app. This ensures a smooth payment process and prevents any disruptions in toll transactions.

Validity Across Toll Plazas: FASTag is interoperable, meaning it can be used across all toll plazas on national highways, irrespective of the issuing bank or agency.

Blacklisting for Non-Payment: In case the linked account has insufficient funds, the FASTag account is blacklisted, and the user is required to settle the outstanding amount before further transactions.

Benefits: FASTag promotes digital payments, reduces traffic congestion at toll plazas, and enhances overall efficiency in toll collection.

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