An RBI-compliant FASTag is a vehicle tag that adheres to the Reserve Bank of India’s regulations. It upholds the conformation of seamless toll payments, better transparency, and enhanced user protection.
Its Features
Centralized System: All transactions are managed through a unified structure that is regulated by the RBI. This ensures accountability and reliability for users.
Prepaid Instrument Compliances: The FASTag functions as a prepaid payment instrument and is governed by clear guidelines for fund security and seamless processing.
Interoperability: Designed to work across toll plazas nationwide and offers a hassle-free travel experience.
Data Security: Complies with data protection norms to safeguard user information and prevent misuse.
Why it Matters?
Consumer Safety: Transactions are monitored under strict guidelines which reduces the risk of fraud or unauthorized charges.
Transparent Pricing: Real-time updates on deductions and toll rates eliminate any confusion or disputes.
Nationwide Usability: Simplifies road travel and makes it easy for users to pay tolls anywhere in India.
