How to apply FASTag- All You Need To Know About FASTag

What is FASTag

Shri Nitin Gadkari, the Minister of Road Transport and Highways, has announced that from December 15 onwards FASTag will become mandatory for all the vehicles, private and commercial. According to The Economic Times report, the vehicles without FASTags now have to pay up twice of the normal price at the toll gates across India. The government of India is in the process of appointing a service provider who will sell NHAI’s FASTags on the online platforms such as Amazon, Flipkart and Snapdeal.

What is FASTag?

FASTag is a prepaid, convenient and rechargeable tag that employs Radio Frequency Identification (RFID) technology for making toll payments directly from the bank account linked to it. It is attached on the vehicle’s windscreen and allows driving through toll plazas, without stopping for cash transactions. The toll fee will deduct from the bank account or prepaid wallet connected to the FASTag affixed on the windshield of the vehicle as soon as the vehicle approaches the toll plaza.

FASTags are projected as ‘Aadhar Card’ for vehicles. This FASTag electronic toll collection programme is being implemented by the Indian Highways Management Company Limited (IHMCL), a company integrated by the National Highway Authority of India (NHAI) and the National Payment Corporation of India (NPCI) with Toll plaza concessionaries, banks and tag issuing companies.

How to Buy?

FASTags can be bought from 22 certified banks through different channels like Point-of-Sale (POS) at NH toll plazas and selected bank branches. These are also available on E-commerce platforms like Amazon.

Service providers have developed ‘My FASTag’ mobile application to provide a one-stop solution to all the users. If you don’t want to link the tags to your bank account, an NHAI prepaid wallet has also been launched for this.

How to activate your FASTag?

  • Self Activation:

No banks are pre-assigned to the FASTag at the time you purchase it from a POS terminal or any online platform. These are completely ‘Bank neutral’. This online system is based on the concept of DIY i.e. Do-It-Yourself where you can self activate it. All you have to do is to enter your vehicle details in the ‘My FASTag’ mobile app. The Android and iPhone users can download this app from the ‘Google Play Store’ and the ‘Apple Store’ respectively. Then, you will get the flexibility to link the FASTag with any one of your existing bank account by using the app.

  • Activation by the Certified Bank Branches:

You can also buy this FASTag and link with your bank account by visiting the nearest certified bank branch.

Detailed list of certified banks providing FASTags:

Seriel No. BANK Customer Care Helpline No.
1 State Bank of India 1800-11-0018
2 Asis Bank 1800-419-8585
3 ICICI Bank 1800-2100-104
4 IDFC Bank 1800-266-9970
5 HDFC Bank 1800-120-1243
6 Punjab National Bank 080-67295310
7 Syndicate Bank 1800-425-0585
8 Kotak Mahindra Bank 1800-419-6606
9 PayTM Payments Bank Limited 1800-102-6480
10 IndusInd Bank 1860-5005004
11 Yes Bank 1800-1200
12 Union Bank 1800-222244
13 Bank of Baroda 1800-1034568
14 Punjab & Maharastra Co-op Bank 1800-223-993
15 Saraswat Bank 1800-266-9545
16 South Indian Bank 1800-425-1809
17 Nagpur Nagarik Sahakari Bank Limited 1800-2667183
18 City Union Bank 1800-2587200
19 Karur Vysya Bank 1800-102-1916
20 EQUITAS Small Finance Bank 1800-419-1996
21 Federal Bank 1800-266-9520
22 Fino Payments Bank 1860-266-3466

Source: Google

You need to submit the KYC (Know Your Customer) documentation as per the KYC Policy of the bank at the time of activation. You also need to submit Registration Certificate (RC) of the vehicle along with the application for FASTag to the bank.

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What are the charges?

For each tag the certified banks charge maximum of Rs 100 which is fixed by NPCI (National Payments Corporation of India). Conversely, the actual tag issuing charges are determined by the bank and may vary bank to bank.

For example, HDFC bank is selling FASTag for car at Rs400. The pricing includes:

  • Tag issuance Fees- Rs 100/-
  • Refundable Security Deposit- Rs 200/-
  • First Recharge amount in wallet when the wallet is been created- Rs 100/-

ICICI bank is selling the tags for car at Rs 499.12 and the price scheme is:

  • Tag issuance Fees- Rs 99.12/-
  • Refundable Security Deposit- Rs 200/-
  • First Recharge amount in wallet when the wallet is been created- Rs 200/-

“These charges may vary if you buy the FASTag online because the person who is selling these tags also added COD (Cost of delivery) charges that are by default and if you are posting your products on Amazon you need to pay for it.”, said Mr.  Abhijeet Sehgal, CEO, 1Pay (a Mumbai based digital payment solutions firm).

Pipili Toll Gate, Odisha
Toll gate at Pipili

In addition to his context he also said, ‘’ Amazon’s 20% commission is also included to the cost, therefore it is expensive than the normal rate when you buy online.”

How FASTag Works?

The FASTag which is fixed on the windscreen of a vehicle, ideally on the glass just behind the rear view mirror can be recharged through online payments and cheque. First it is scanned by the tag reader and then the toll amount is deducted when the vehicle crosses a toll plaza. Soon the user get SMS alert on the registered mobile phone about all the transactions and the available balance.

FASTags have a validity of five years and more than 70 lakh FASHTags had been issued till 27th November.

How did it start?

In 2014, the electronic toll collection system was originally implemented as a pilot project on the Ahmadabad – Mumbai stretch of the Golden quadrilateral. Then it was gradually extended to the other parts of the country.

Currently the tag is accepted at more than 500 National Highways and 40 State Highways toll plazas. The total collection through FASTag was more than Rs 12,850 crore till September 2019.

Why this is helpful?

The tags help to remove bottlenecks, ensure seamless movement of traffic and also save the time; apart from plugging revenue leakages and reducing the cost of delays and fuel consumption. This centralized system offers genuine and real-time data to government agencies for better analysis and policy formulation. It will also help to reduce air pollution and the use of paper as well cutting the cost of managing toll plazas.

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