Karnataka Bank launches KBL FASTag

Mangaluru-headquartered private sector lender Karnataka Bank on Wednesday launched its “KBL FASTag”, a pre-loaded payment instrument to facilitate seamless movement of vehicles at the toll plazas across the country, in association with National Payment Corporation of India (NPCI) and FASTag processor Worldline.

Bank’s MD & CEO Mahabaleshwara MS said customers could buy the FASTag through online from the bank’s website or by visiting its 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 the toll plaza.”