The FASTag contactless funds system is now obligatory for all autos for paying the toll costs whereas crossing any toll plazas throughout nationwide highways in India, from February 15. Which means you’ve just some days remaining earlier than you have to 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 improve effectivity of processing transactions and cut 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 distant, you would possibly wish to get a FASTag on your automobile in case you intend to journey anytime quickly.
How can I purchase a FASTag? You’ve got a number of choices right here. If you have to purchase a FASTag on your automobile, you should purchase one at sure toll plazas throughout India, by carrying your identification in addition to the automobile registration paperwork with you. This can be a obligatory KYC course of. Or, and this might maybe be less complicated as effectively—you possibly can purchase one on Amazon.in or method sure banks, together with funds banks, for these FASTags. The banks that at the moment 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 reminiscent of Paytm and Airtel Funds Financial institution, you should purchase these immediately on the funds apps in your telephone.
What’s the price of shopping for a FASTag? The price of shopping for a FASTag is dependent upon two issues. First, the category of car you might be shopping for it for—a automobile, jeep or van, or a bus or truck, mild industrial autos, building machines and so forth. Secondly, the financial institution you might be shopping for the FASTag from may have their very own insurance policies concerning issuance charges and safety deposits. Right now, as an example, you should purchase a FASTag for a automobile from Paytm for Rs 500—this consists of Rs 250 refundable safety deposit and the Rs 150 minimal stability threshold that must be maintained. Should you purchase it from ICICI Financial institution, you’ll pay a tag issuance payment of Rs 99.12 plus Rs 200 as deposit quantity and Rs 200 because the minimal threshold stability. There are minor pricing variations occasionally, but in addition do word, 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. Nevertheless, this expertise could also be clunky at greatest. Secondly, you’ve cell pockets apps reminiscent of Paytm and PhonePe that allow you to recharge just about any issuing financial institution’s FASTag. The latter possibility is way less complicated and intuitive, as a result of the standard of pockets choices at the moment supplied by most banks isn’t actually on top of things.
Right now, you should 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 could find the choice to recharge underneath Amazon Pay > Payments > FASTag.
Should you choose to make use of PhonePe, you possibly can 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 can find this feature underneath Recharge And Payments > See All > Recharges > FASTag Recharge within the PhonePe app in your telephone.
On Paytm, the attention-grabbing bit is you can not solely purchase and recharge the Paytm FASTag, but in addition handle FASTags that you might have bought from different banks. Right now, Paytm helps 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 can find this within the Paytm app underneath My Paytm > All Providers > Handle FASTag.
Google Pay additionally helps you to recharge the FASTag that you might have bought on your automobile. Right now, Google Pay will let 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 can find 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 an entire checklist of the supported banks and FASTags.