FASTag is another age-answer for installment at cost courts in India. It is an electronic toll collection system. It is worked by the National Highway Authority of India (NHAI) to maintain a strategic distance from enormous traffic and spare excursion time the Govt. has launched this project.
It utilizes a Radio Frequency Identification framework for making cost installments. While you cross the toll plazas it will deduct toll charges automatically.
It is mainly nothing but a prepaid rechargeable tag that allows automatic payment deduction.
How to buy FASTag in a new car?
FASTag is issued by 22 certified banks through various online and offline channels and also available on national highway toll plazas and e-commerce websites like Amazon Paytm etc.
How to activate FASTag?
You can activate Fastag by yourself or you can activate this through banks.
FASTags are ‘bank-neutral’ which means that no bank is pre-assigned to the FASTag at the time you purchase it from a PoS terminal or online platform. The online FASTag relies upon the possibility of DIY (Do-It-Yourself) where you can self-incite it by entering your vehicle nuances in the ‘My FASTag’ adaptable application.
Through the application, you can connect the FASTag with any of your current ledgers. The NHAI (National Highways Authority of India) Prepaid wallet office is additionally accessible in the application, where you can stack cash and get your cost expense deducted from the prepaid wallet as opposed to getting it straightforwardly deducted from a financial balance.
How to Activate Fastag through Banks:
You can likewise purchase FASTag by visiting the closest ensured bank office and get the FASTag
At the time of activation, you will be required to submit the KYC (Know Your Customer) documentation as per the KYC policy of the bank. Aside from the KYC documentation, you have to present a Registration Certificate (RC) of the vehicle alongside the application for FASTag to the bank.
It is worth mentioning that you cannot use one FASTag with two or more vehicles, you will have to buy two separate FASTags for the two vehicles and so on.
Here is the list of banks that provides & Activate FASTag:
What is the charge for FASTag?
FASTag issued by certified banks can charge a maximum of Rs 100 for each tag, which is fixed by National Payments Corporation of India (NPCI).
For example, HDFC bank is selling FASTag for the vehicle at Rs 400. The pricing includes the following:
Rs 100 for Tag issuance fees
Rs 200 for Refundable Security Deposit
Rs 100 for first stimulating entirety in the wallet when the wallet is been made.
ICICI bank is selling FASTag for the vehicle at Rs 499.12 in an accompanying way:
Rs 99.12 for Tag issuance fees
Rs 200 for Refundable Security Deposit
Rs 200 for the first revive sum in the wallet when the wallet is been made.
How to recharge FASTag?
In the event that the FASTag is as of now connected with your ledger, at that point there is no compelling reason to stack cash independently in a prepaid wallet. You just need to guarantee that your FASTag-connected financial balance has adequate parity to take into consideration cost installments.
if you have linked the FASTag to a prepaid wallet (NHAI prepaid wallet), then it can be recharged through various channels such as payment through cheque or through UPI/debit card/ credit card/ NEFT/ Net Banking.
How to do KYC for FASTag?
For restricted KYC FASTag account holder: This sort of FASTag can’t have more than Rs 20,000 in their FASTag prepaid wallet. The month to month reload limit is additionally topped at Rs 20000.
For full KYC FASTag account holder: This sort of FASTag account can’t have more than Rs 1 lakh in their FASTag prepaid wallet. There is no month to month reload top right now, to the Indian Highways Management Company Limited (IHMCL) site. There is no month to month reload top right now, to the Indian Highways Management Company Limited (IHMCL) site.
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How to Install FASTag on your car?
- To begin with, get your FASTag from banks or other online business sites or Paytm.
- Remove the back paper.
- Clean your vehicle windscreen inside.
- Fasten the FASTag tag on the upper-center situation of the windscreen from inside.
You are done!
How to activate FASTag through Paytm?
Paytm likewise permits you to purchase, actuate and revive your FASTag tag. Just follow the steps:
- Download/Update your Paytm app in the latest version.
- Login/Signup Paytm app.
- Click on the FASTag option.
- Enter Vehicle Registration number.
- Enter your Address where the FASTag will be delivered.
- Click on Buy Now.
Your FASTag tag will be delivered on your address.
How to use Paytm FASTag?
- Buy FASTag from Paytm
- Affix on the vehicle
- Recharge Paytm wallet
- Enjoy your ride. Toll gets deducted automatically from your wallet.
How to activate FASTag from Axis Bank?
- Open https://www.axisbank.com/business-banking/get-payment-and-merchant-solution/fastag/fees-charges#menuTab
- Click on “Get Free FASTag now!”
- Enter the Account Number and Vehicle number
- Enter captcha
- Click on generate OTP
- Follow the following steps.
Hi! I am Sarajit Mitra. Fountainhead of My Business Connexion. I am an Electrical Engineer by profession and Blogger by passion. I have been doing Blogging since 2018.