Fastag: How to Purchase Fastag For Your Vehicle And know How It Works

fastag

NPCI, National payments corporation of India has started a national electronic toll collection programme to complete the electronic toll requirements in India. the FASTag technology is designed to enable toll payments while the vehicle is moving. The FASTag promotes the cashless transaction and saves time and fuel of the vehicle user. India has 450 toll plazas that offers the facility of FASTag to the vehicle users.

What is FASTag?

FASTag is an easy, simple usable and reloadable tag which is designed to automatically deduct the toll charges from your account. after getting the FASTag, you need not to stop at every toll plaza for the cash transaction. The FASTag is linked with your prepaid account of the user and the applicable toll amount is deducted timely from the user’s account. The tag is featured by radio-frequency identification (RFID) technology and after the tag account is activated, it is affixed on the windscreen of vehicles.

FASTag is an exemplary solution for the disturbance free trip on national highways. It is predicted that in future, more toll plazas will be aided with the FASTag technology. Currently, the FASTag technology is applicable in approximately 180 toll plazas in state or national highways.

How FASTag works?

Now, from 1st December, 2019, all Indian national highways will collect the toll payments by FASTag technology also. In 2014, the radio frequency identification-based technology was installed as a pilot project. This year, in march, the ministry of road transport and highways made it compulsoryfor all toll lanes to develop an electronic toll collection infrastructure to support FASTag equipped vehicles. The government of Indiahas done partnership with 23 banks to support in the issuance of FASTag.

The government of India is now giving the opportunity to integrate the existing current and savings bank accounts with FASTag to regulate the seamless toll payments to everyplaza. further, the users will be given the option to pick a monthly prepaid pass. After December 1, if any commuter is seen to drive in the lane of FASTag vehicle, he will be fined the double applicable fee in cash.

FASTag is not transferrable and it can be used for single vehicle at its lifetime. The system will alert the driver about toll transactions and in cases of low account balance.

How to get FASTag for your vehicle

If you are looking to have a FASTag for your vehicle then you can buy it from any of these banks. The banks which issue the FASTag in the country is state bank of India, ICICI bank, HDFC bank and Axis Bank etc. this year, the national highways authority of India has collaborated with amazon to offer FASTags in the country through online medium.

How to link FASTag to your bank account, recharge

After buying FASTag for your vehicles., you need to link it with your existing bank account. Link it by using FASTag app in your portable android smartphone. In the linking process, you need to register your vehicle number in the app the explore the new experience. The app is also designed to recharge user’s RFID tag by UPI payment gateways. After completing this process, you can freely pass through any supported toll plaza.

The Indian government promise to give 2.5% of cashback to eligible FASTag customers in the current financial year.

 

9 Comments on “Fastag: How to Purchase Fastag For Your Vehicle And know How It Works”

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  2. Banks are offering fastag with creating a separate fastag account. The major drawback with the dedicated fastag account is that you can transfer money to but cannot withdraw from it. So if you recharge it with a larger amount and after your journey you want to transfer the remaining amount to your savings account: that is simply not possible. This is what I came to know from bank websites. Please correct me if I’m wrong.

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