SBI took yet another step toward cashless economy through free distribution of FASTags to its car loan borrowers in Maharashtra & Goa

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Mumbai: SBI has taken a number of initiatives towards cashless economy. In line with this, the bank has launched a country wide campaign for free distribution of SBI FASTags to its car loan borrowers. SBI Mumbai Circle rolled out the campaign today at Nagpur and Thane. Circle will cover the entire states of Maharashtra and Goa, in the next one month.
SBI FASTag is to be affixed on the windscreen of the vehicle which would enable toll to be collected electronically through RFID technology from the vehicle at highway toll plaza while on move, without stopping for cash transaction
People are taking great interest in this new product and turning in numbers at the camps organized by SBI at Nagpur and Thane.

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