Where and How to get FASTag? - TechnW3

FASTags are issued by n number of banks, including HDFC, Axis, ICICI, Kotak, Paytm Payments Bank and IDFC First Bank, to call a couple of . Mobile wallet and digital payments apps including Paytm, PhonePe, GPay and Amazon Pay allow you to recharge just about any issuing bank’s FASTag.

How am i able to Buy a replacement FASTag For The Car and the way am i able to Recharge It? Here Are all of your Options

The FASTag recharge options on Amazon Pay, PhonePe and Paytm apps in India.

A FASTag contactless payments system is now mandatory for all vehicles for paying the toll charges while crossing any toll plazas across national highways in India, from February 15. This comes as a part of the government’s push for enabling contactless and electronic toll payments in the least toll plazas on national highways. The expectation is that it’ll increase efficiency of processing transactions and reduce waiting time at toll plazas for vehicles, as compared with the time taken to process cash transactions. Since the January 1 deadline isn’t too distant , you would possibly want to urge a FASTag for your car if you plan to travel anytime soon.

How am i able to buy a FASTag? you've got multiple options here. If you would like to shop for a FASTag for your car, you'll buy one at certain toll plazas across India, by carrying your identification also because the vehicle registration documents with you. this is often a compulsory KYC process. Or, and this might perhaps be simpler as well—you could buy one on Amazon.in or approach certain banks, including payments banks, for these FASTags. The banks that currently offer FASTags include HDFC, ICICI, depository financial institution of India, Kotak Bank, Axis Bank also as Paytm Payments Bank, to call a couple of . to shop for from a bank, you’ll got to head to their websites. For options like Paytm and Airtel Payments Bank, you'll buy these directly on the payments apps on your phone.

What is the value of shopping for a FASTag? the value of shopping for a FASTag depends on two things. First, the category of auto you're buying it for—a car, jeep or van, or a bus or truck, light commercial vehicles, construction machines etc. Secondly, the bank you're buying the FASTag from will have their own policies regarding issuance fees and security deposits. At this point , as an example , you'll buy a FASTag for a car from Paytm for Rs 500—this includes Rs 250 refundable margin and therefore the Rs 150 minimum balance threshold that must be maintained. If you purchase it from ICICI Bank, you'll pay a tag issuance fee of Rs 99.12 plus Rs 200 as deposit amount and Rs 200 because the minimum threshold balance. There are minor pricing differences from time to time, but also do note, banks bundle some offers or cashbacks with the acquisition of a replacement FASTag.

How am i able to recharge a FASTag? Quite simple, there are two options for you. First is to use the FASTag wallet created by the issuing bank, and recharge it using internet banking, credit or debit cards or UPI, counting on the choices the bank offers. However, this experience could also be clunky at the best . Secondly, you've got mobile wallet apps like Paytm and PhonePe that permit you recharge just about any issuing bank’s FASTag. The latter option is far simpler and intuitive, because the standard of wallet options currently offered by most banks isn’t really up to the mark.

At this point , you'll use Amazon Pay to recharge FASTags from Airtel Payments Bank, Bank of Baroda, City Union Bank, Equitas Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC Bank, IndusInd Bank, Karur Vyasa Bank, Kotak Mahindra Bank, Punjab commercial bank and South Indian Bank. Amazon also says that the recharge for Axis Bank, Paytm Payments Bank and depository financial institution of India FASTags is additionally coming soon. you'll find the choice to recharge under Amazon Pay > Bills > FASTag.

If you favor to use PhonePe, you'll recharge FASTags issued by Airtel Payments Bank, Axis Bank, Bank of Baroda, City Union Bank, Equitas Small Finance Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC Bank, IDBI First Bank, Indian Highways Management Company FASTag, Indian IndusInd Bank, Karur Vyasa Bank, Kotak Mahindra Bank, Paytm Payments Bank, Punjab commercial bank , RBL FASTag, South Indian Bank and depository financial institution of India. you'll find this feature under Recharge And Bills > See All > Recharges > FASTag Recharge within the PhonePe app on your phone.

On Paytm, the interesting bit is that you simply can't only buy and recharge the Paytm FASTag, but also manage FASTags that you simply may have purchased from other banks. At this point , Paytm allows you to manage FASTags from Axis Bank, Bank of Baroda, Equitas Small Finance Bank, HDFC Bank, IDFC First Bank, Indian Highways Management Company FASTag, IndusInd Bank and Kotak Mahindra Bank. you'll find this within the Paytm app under My Paytm > All Services > Manage FASTag.

GPay also allows you to recharge the FASTag that you simply may have purchased for your vehicle. At this point , GPay will allow you to feature money to FASTags issued by HDFC, IDFC First Bank, IndusInd, Axis, Bank of Baroda, Kotak Mahindra Bank, ICICI, Equitas Small Finance Bank, Federal Bank and therefore the Indian Highways Management Company FASTag. you'll find this within the rather unintuitive Google Pay interface by opening the app, tapping on Explore within the Businesses and Bills section (the curations here often are completely random and unexplained), look for FASTag within the search bar on the highest of the screen, and you’ll see an entire list of the supported banks and FASTags.