A FASTag contactless funds system is now obligatory for all autos for paying the toll fees whereas crossing any toll plazas throughout nationwide highways in India, from January 1. 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 improve effectivity of processing transactions and scale back ready time at toll plazas for autos, compared with the time taken to course of money transactions. For the reason that January 1 deadline isn’t too far-off, you may wish to get a FASTag on your automobile when you intend to journey anytime quickly.

How can I purchase a FASTag? You have got 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 obligatory KYC course of. Or, and this might maybe be easier as properly—you could possibly purchase one on Amazon.in or method sure banks, together with funds banks, for these FASTags. The banks that presently supply 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 a couple of. To purchase from a financial institution, you’ll want to go to their web sites. For choices similar to Paytm and Airtel Funds Financial institution, you should purchase these straight on the funds apps in your cellphone.

What’s the price of shopping for a FASTag? The price of shopping for a FASTag depends upon two issues. First, the category of auto you’re shopping for it for—a automobile, jeep or van, or a bus or truck, gentle industrial autos, building machines and so on. Secondly, the financial institution you’re shopping for the FASTag from can have their very own insurance policies concerning issuance charges and safety deposits. At the moment, as an illustration, 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. In the event you 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 now and again, but additionally do notice, banks bundle some gives 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 gives. Nonetheless, this expertise could also be clunky at greatest. Secondly, you’ve cell pockets apps similar to Paytm and PhonePe that allow you to recharge just about any issuing financial institution’s FASTag. The latter choice is far easier and intuitive, as a result of the standard of pockets choices presently provided by most banks isn’t actually up to speed.

At the moment, you need to use 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’ll find the choice to recharge below Amazon Pay > Payments > FASTag.

In the event you 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 see this feature below Recharge And Payments > See All > Recharges > FASTag Recharge within the PhonePe app in your cellphone.

On Paytm, the attention-grabbing bit is that you may not solely purchase and recharge the Paytm FASTag, but additionally handle FASTags that you might have bought from different banks. At the moment, Paytm permits 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 see this within the Paytm app below My Paytm > All Companies > Handle FASTag.

Google Pay additionally permits you to recharge the FASTag that you might have bought on your car. At the moment, 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 see this within the somewhat unintuitive Google Pay interface by opening the app, tapping on Discover within the Companies and Payments part (the curations right here typically are fully random and unexplained), seek for FASTag within the search bar on the highest of the display screen, and also you’ll see a whole listing of the supported banks and FASTags.



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