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How To Buy and Recharge FASTag?

IndianMoney.com Research Team | Posted On Friday, December 13,2019, 12:40 PM

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How To Buy and Recharge FASTag?

 

 

The year 2020 is full-on weekends and holidays.  It’s time for road trips which means driving on highways filled with toll booths. From this December 15th Sunday, you will have to pay double the regular toll amount, on passing through any toll booth if your car doesn’t have FASTag. If you don’t have FASTag for your vehicle, get one fast.

What is FASTag?

FASTag is prepaid rechargeable tags necessary for toll collection. An automatic payment deduction is allowed from FASTag. These are affixed on the windscreen of the vehicle. With FASTag, there’s no need to stop the vehicle at toll plazas to pay the toll.

When your vehicle crosses the toll plaza, the toll fee gets automatically deducted from your bank account or prepaid wallet, linked to FASTag. FASTag uses Radio Frequency Identification (RFID) technology. It doesn’t have an expiry date and can be used as long as it’s readable or not tampered.

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How to Buy FASTag?

You can get FASTag from 22 certified banks through channels like POS terminals at toll plazas of National Highways or select bank branches. They are also available on Amazon and mobile wallets like Paytm.

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How to Buy and Recharge FASTags?

How to Recharge FASTag?

If FASTag is linked to a bank account, you won’t need to load money separately in your prepaid wallet. Just make sure there’s sufficient balance for toll payments. If FASTag is linked to the prepaid wallet, (This could be NHAI prepaid wallet), get it recharged through UPI, debit card, credit card, NEFT or Net Banking. Additional charges may be involved.

If you have limited KYC FASTag, you can’t have more than Rs 20,000 in the FASTag prepaid wallet. A full KYC FASTag account won’t have more than Rs 1 Lakh in the FASTag prepaid wallet.

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Recharge FASTag through BHIM UPI app

BHIM is a UPI-based app that helps transfer money just through a mobile number, account number or IFSC code. This instant payment application may be used to send/receive money. Use multiple banks to send money through this app.

Charges for FASTag:

Certified Banks charge a maximum of Rs 100 a tag. This is fixed by the National Payments Corporation of India (NPCI). Tag prices vary across banks.

  • HDFC Bank sells FASTag at Rs 400.
  • ICICI Bank sells FASTag at Rs 499.12.
  • Paytm sells FASTag at Rs 400.

Benefits of FASTag:

  • Great convenience with cashless payments.
  • Reduced commuting time as no stopping of cars at tolls.
  • You enjoy cashback on the NHAI toll plaza.
  • No queues at toll booths which saves manpower.
  • SMS alerts on low balance and toll transactions

Toll operators enjoy improved lane utilization with lower operating costs and better audit control. There’s improved transparency at toll transactions with savings on fuel costs and reduction of emissions.

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Documents needed to Apply FASTag

  • Submit a copy of the Registration Certificate (RC) of the car/vehicle. You must also submit passport-sized vehicle owner photographs.
  • Submit KYC documents depending on the vehicle owner category. This could be ID and address proof like PAN, Driving License, Passport, Voter ID, Aadhaar Card.

The FASTag is issued only after verification of original documents. When purchasing FASTag from the toll plaza, petrol pump or bank branch make sure to carry original documents for FASTag. The issuer agency fixes the FASTag on the vehicle’s windshield.

How to stick FASTag for toll payments?

  • Remove the adhesive liner from the FASTag sticker.
  • Stick FASTag on the top middle of the windshield. This must be done from inside the vehicle or behind the rearview mirror.
  • Gently press sticker on the windshield.
  • Keep the adhesive side of FASTag facing outside.
  • After the sticker is pasted, do not remove or reposition.

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Don’t:

  • Paste FASTag on dirty surfaces.
  • Use cello tape to affix the FASTag.
  • Peel off or reposition FASTag.

How to register with FASTag?

  • You must log in to FASTag portal with User ID and Password.
  • You then select the option of Payment and Topup – Recharge.
  • Pick up the respective Wallet ID which you want to recharge and enter the requisite value.
  • You then pick the respective payment mode, enter the details and then click on ‘Make Payment’.

List of Banks for FASTgs:

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