FASTag Compulsory from Dec 15: How to Buy FASTags from SBI, HDFC Bank, ICICI

From 15 December, traffic across various toll plazas will get reduced as the government will implement FASTag. The National Highway Authority of India (NHAI) is all geared up to make toll collection fully electronic. The government has made it mandatory for all vehicle owners to adopt electronic toll payment using FASTags and not cash payment which will attract penalties from tomorrow. FASTags can be bought through Amazon.in or certain banks like State Bank of India (SBI), HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank as well as Paytm Payments Bank, to name a few.

Here is how to buy SBI FASTag online

A customer can approach any SBI PoS location in the country with a valid know your customer (KYC) document and vehicle registration (RC) copy along with the originals for verification purposes, the customer can open his/her account in two categories:

1) Limited KYC holder’s account: This type of SBI FASTag account cannot have more than ₹10,000 in their FASTag (Prepaid) account at any given point of time. The monthly reload limit is also capped to ₹10,000.

2) Full KYC holders account: This type of SBI FASTag account cannot have more than ₹1 Lakh in their FASTag (prepaid) account at any given point of time. There is no monthly reload cap in this account.

The required documents are (a) For limited KYC holder’s account- RC copy of the vehicle, ID and address proof, photo of the customer (b) For full KYC holders account- RC of the vehicle, ID and address proof, photo of the customer. For verification purposes, customers are required to carry all the originals.

Every time a balance is deducted from your SBI FASTag account, you will receive an SMS alert on your registered phone number.

Charges for buying FASTag from SBI for 4-wheelers

SBI charges issuance fees of ₹100 across all categories. Apart from it the bank charges a minimum security amount depending on the vehicle category (refundable at the time of cancellation of RFID Tag) and minimum balance.

You can buy SBI FASTag for ₹400. This amount is paid in the following manner:

₹100 for FASTag issuance fees

₹200 for security deposit amount

₹100 for tag joining fee

How to buy HDFC FASTag online

1) Log on to the HDFC Bank FASTag portal

2) Select the option of login

3) Click on first-time user and continue

4) Fill in your details

5) Make the payment

6) Have the card delivered to your doorstep

Charges for buying FASTag from HDFC Bank for 4-wheelers

You can buy HDFC FASTag for ₹400. This amount is paid in the following manner:

₹100 for FASTag issuance fees (including all applicable taxes).

₹200 for security deposit amount

₹100 for tag joining fee (one-time fee)

Here’s how you can obtain your FASTag using the multiple channels enabled by ICICI Bank:

a) Visit www.icicibank.com/fastag

b) Click on “Apply Now”

c) Fill the application form and upload the required documents

d) Upon successful completion of the application, the tag is couriered to the applicant’s ‘dispatch address’

iMobile

a)Log in to the iMobile app

b) Slide to the ‘Shop’ section

c) Tap on the FASTag’ icon

d) Enter the required details

e) Upon successful completion of the application, the tag is couriered to the applicant’s ‘dispatch address’

Currently, the feature is available for Android based devices and will soon will be available for iOS devices as well.

ICICI Bank branches

Customers can also visit ICICI Bank’s branch and fill out a physical application form to get a FASTag issued for their vehicles.

Charges for buying FASTag from ICICI Bank for 4-wheelers

Tag joining fee – ₹99.12 (including GST)

Tag deposit – ₹200

Threshold amount – ₹200

Documents required to purchase FASTag

To purchase FASTag, you need to submit a copy of the Registration Certificate (RC) of the vehicle and a passport-size photograph of the vehicle owner. You also need to submit KYC documents as per the category of the vehicle owner. The KYC documents (ID and address proof) can be PAN Card/Driving License/Passport/Voter ID/Aadhaar Card. FASTag will be issued following the verification of the original documents.

How to recharge FASTags

All the available mode of recharges such as debit card, credit card, net banking and Unified Payments Interface have been enabled for loading money to the FASTag account. To avoid difficulties at toll plazas, commuters are advised to maintain sufficient balance in the account or wallet linked to FASTag. A customer may call on the helpline number, ‘1033’, for any assistance related to FASTags.

What is FASTag

FASTag is an electronic toll connection device attached to the windscreen of vehicle to enable drivers to drive through toll plazas without having to stop. FASTag uses radio frequency identification (RFID) technology to enable direct toll payments from a moving vehicle. The toll fare is directly deducted from the bank account linked to FASTag.

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Source: LM

Image Courtesy:Deccan Herald

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