FASTag

byPaytm Editorial TeamLast Updated: August 12, 2025

Definition

FASTag is an electronic toll collection system operated by the National Highway Authority of India (NHAI). It uses RFID technology to enable automatic toll payments while vehicles pass through toll booths.

Key Features

  • Linked to prepaid wallet or bank account
  • Saves time with instant toll payments
  • Mandatory for all vehicles in India
  • Reduces congestion at toll plazas

FASTag is affixed on the windshield and allows for cashless, contactless toll transactions.

You May Also Like

UPI PIN ResetLast Updated: September 16, 2025

Meaning UPI PIN reset is the process of creating or updating your UPI Personal Identification Number (PIN) in…

PSP (Payment Service Provider)Last Updated: July 11, 2025

The full form of PSP is Payment Service Provider, a key player in the UPI framework that enables…

UPI SDKLast Updated: July 24, 2025

Definition UPI SDK (Software Development Kit) is a set of tools provided to integrate UPI-based payments into mobile…

GDP (Gross Domestic Product)Last Updated: December 29, 2025

Meaning & Definition GDP, or Gross Domestic Product, shows the total value of all goods and services produced…