Karnataka Bank launched KBL FASTag for seamless movement of vehicles
"The FASTag facilitates the users with ease and convenience during transit through the toll plaza by saving time, fuel, and money. Customers can procure FASTag through online from Bank’s website or by approaching the nearby branch."--MD & CEO
New Delhi: Karnataka Bank today launched its “KBL FASTag”, a pre-loaded payment instrument to facilitate seamless movement of vehicles at the toll plazas across India, in association with NPCI (National Payment Corporation of India) and M/s Worldline, the FASTag processor.
Speaking on the occasion of the launching of the service, Mr. Mahabaleshwara M S, Managing Director & CEO of the Bank said that “the FASTag facilitates the users with the ease and convenience during transit through the toll plaza by saving time, fuel, and money. Customers can procure FASTag through online from Bank’s website or by approaching the nearby branch.
FASTag can be pre-loaded digitally for the required amount and can be recharged online through Credit Card/Debit Card/Net Banking/IMPS etc. The applicable toll amount gets automatically debited through the sensors at toll plaza. Instant SMS alerts are also sent to the registered mobile number for the toll transactions, balance maintenance, etc.
KBL FASTag can be used across all the toll plazas throughout the country which are registered in National Electronic Toll Collection (NETC) program and in future its utility can also be enhanced to pay Parking fees, Fuel charges etc. I am sure that, KBL FASTag will meet the aspirations of our customers as well as the general public”.
Read Also : Indigenous Technology Cruise Missile successfully flight-tested by DRDONews Must Read
- CIL’s capex up 6.5% to highest Rs.19,840 Crores in FY 2024
- SCOPE presents SCOPE PREMIER LEAGUE
- MCL Ib Valley Washery commenced commercial operation
- HAL bags Rs 65,000 Cr tender by Defence Ministry
- PSBs' growth output superseded Private Lending firms
- Northern Coalfields Limited CMD inspects Amlohri Area
- SCOPE organizes Public Sector Day celebrations
- IOCL Final Dividend Announcement Expected at April 30 Board Meeting
- Steel Cutting Ceremony of Indian Navy held at HSL Vishakapatnam
- DIPAM declines PFC-REC debt resolution proposal for KSK Mahanadi project