Have you ever purchased a FASTag on your automobile simply but? The FASTag contactless funds system is now necessary for all automobiles for paying the toll costs whereas crossing any toll plazas throughout nationwide highways in India, from February 15. Which means you’ve gotten only a few days remaining earlier than that you must begin making funds at nationwide freeway toll plazas utilizing a FASTag put in in your automobile. This comes as a part of the federal government’s push for enabling contactless and digital toll funds in any respect toll plazas on nationwide highways. The expectation is that it’ll enhance effectivity of processing transactions and cut back ready time at toll plazas for automobiles, compared with the time taken to course of money transactions. You may wish to get a FASTag on your automobile if you happen to intend to journey anytime quickly. Or if you already have one, we attempt to decipher how one can recharge it and get it prepared for the upcoming street journeys.

How can I purchase a FASTag? You have a number of choices right here. If that you must purchase a FASTag on your automobile, you should purchase one at sure toll plazas throughout India, by carrying your identification in addition to the car registration paperwork with you. This can be a necessary KYC course of. Or, and this might maybe be less complicated as effectively—you may purchase one on Amazon.in or method sure banks, together with funds banks, for these FASTags. The banks that at the moment provide FASTags embody HDFC Financial institution, ICICI Financial institution, State Financial institution of India, Kotak Financial institution, Axis Financial institution in addition to Paytm Funds Financial institution, to call just a few. To purchase from a financial institution, you’ll want to move to their web sites. For choices resembling Paytm and Airtel Funds Financial institution, you should purchase these instantly on the funds apps in your cellphone.

What’s the price of shopping for a FASTag? The value of shopping for a FASTag will depend on two issues. First, the category of auto you might be shopping for it for—a automobile, jeep or van, or a bus or truck, gentle industrial automobiles, building machines and so on. Secondly, the financial institution you might be shopping for the FASTag from can have their very own insurance policies concerning issuance charges and safety deposits. Presently, for example, you should purchase a FASTag for a automobile from Paytm for Rs 500—this contains Rs 250 refundable safety deposit and the Rs 150 minimal stability threshold that must be maintained. For those who purchase it from ICICI Financial institution, you’ll pay a tag issuance charge of Rs 99.12 plus Rs 200 as deposit quantity and Rs 200 because the minimal threshold stability. There are minor pricing variations every now and then, but additionally do be aware, banks bundle some provides or cashbacks with the acquisition of a brand new FASTag.

How can I recharge a FASTag? Fairly easy, there are two choices for you. First is to make use of the FASTag pockets created by the issuing financial institution, and recharge it utilizing web banking, credit score or debit playing cards or UPI, relying on the choices the financial institution provides. Nonetheless, this expertise could also be clunky at finest. Secondly, you’ve gotten cellular pockets apps resembling Paytm and PhonePe that allow you to recharge just about any issuing financial institution’s FASTag. The latter choice is far less complicated and intuitive, as a result of the standard of pockets choices at the moment provided by most banks isn’t actually on top of things.

Presently, you should utilize Amazon Pay to recharge FASTags from Airtel Funds Financial institution, Financial institution of Baroda, Metropolis Union Financial institution, Equitas Financial institution, Federal Financial institution, HDFC Financial institution, ICICI Financial institution, IDFC Financial institution, IndusInd Financial institution, Karur Vyasa Financial institution, Kotak Mahindra Financial institution, Punjab Nationwide Financial institution and South Indian Financial institution. Amazon additionally says that the recharge for Axis Financial institution, Paytm Funds Financial institution and State Financial institution of India FASTags can be coming quickly. You can discover the choice to recharge below Amazon Pay > Payments > FASTag.

For those who choose to make use of PhonePe, you may recharge FASTags issued by Airtel Funds Financial institution, Axis Financial institution, Financial institution of Baroda, Metropolis Union Financial institution, Equitas Small Finance Financial institution, Federal Financial institution, HDFC Financial institution, ICICI Financial institution, IDFC Financial institution, IDBI First Financial institution, Indian Highways Administration Firm FASTag, Indian IndusInd Financial institution, Karur Vyasa Financial institution, Kotak Mahindra Financial institution, Paytm Funds Financial institution, Punjab Nationwide Financial institution, RBL FASTag, South Indian Financial institution and State Financial institution of India. You will discover this feature below Recharge And Payments > See All > Recharges > FASTag Recharge within the PhonePe app in your cellphone.

On Paytm, the fascinating bit is you could not solely purchase and recharge the Paytm FASTag, but additionally handle FASTags that you might have bought from different banks. Presently, Paytm allows you to handle FASTags from Axis Financial institution, Financial institution of Baroda, Equitas Small Finance Financial institution, HDFC Financial institution, IDFC First Financial institution, Indian Highways Administration Firm FASTag, IndusInd Financial institution and Kotak Mahindra Financial institution. You will discover this within the Paytm app below My Paytm > All Companies > Handle FASTag.

Google Pay additionally allows you to recharge the FASTag that you might have bought on your car. Presently, Google Pay will can help you add cash to FASTags issued by HDFC Financial institution, IDFC First Financial institution, IndusInd Financial institution, Axis Financial institution, Financial institution of Baroda, Kotak Mahindra Financial institution, ICICI Financial institution, Equitas Small Finance Financial institution, Federal Financial institution and the Indian Highways Administration Firm FASTag. You will discover this within the moderately unintuitive Google Pay interface by opening the app, tapping on Discover within the Companies and Payments part (the curations right here typically are utterly random and unexplained), seek for FASTag within the search bar on the highest of the display, and also you’ll see a whole checklist of the supported banks and FASTags.





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