In this article, we have answered all the queries regarding how to get a fastag, where to get it and how much to pay for it.
Many car owners might be wondering about how to get a fastag, what is it and where do you get that. From December 15, every private or commercial car should have a Fastag sticker to make payments at toll gates easier. A lot of you might have seen the Fastag lane at various toll booths.
Fastag is basically a pre-paid payments sticker that every car should apply on the front windscreen. So, when you are passing through a toll booth, the scanners will automatically deduct the money from your account. Fastag sticker/card needs to be recharged and for that, you have a lot of options.
Read: What are FASTags and Why Should You Acquire it Immediately!
If the sticker is not found on your car, you will be required to pay double the toll amount. The earlier deadline was 1st December but now, it has been shifted to 15th December. Once bought, there is no expiration on the sticker and you can use till the time it has not been damaged.
So, going by all the queries on the internet, we have answered all the questions regarding how to get fastag, where to get it and what are the different payment modes. Check out ahead:
How To Get Fastag?
Either you can buy it online or even offline. Mainly, you have to pay a deposit Talking about the online purchase, a lot of banks, as well as wallet operators like Paytm, are offering Fastag. You have to enter your personal details, ID proof and upload a photo of the Registration Certification (RC) of your vehicle.
Online Purchase
Once uploaded, you have to pay fees for the sticker, minimum balance and refundable deposit as well. For every bank or wallet operator, the scheme is different. Various offers are also being given with the purchase of Fastag. Here are some of the schemes offered by major banks and wallet operators:
PAYTM
In Paytm, for purchasing Fastag, you have to pay Rs 500. Along with this, Paytm is offering a movie discount coupon worth Rs 150. The payments will be done directly through the paytm account and once the balance is over, you can recharge it through paytm.
Sticker – Rs 100
Refundable Deposit – Rs 250
Minimum Balance – Rs 150
Effective Price (Minus Movie Coupon) – Rs 350
ICICI Bank
With the ICICI bank as well, Rs 500 is the amount for purchasing fastag. There is no offer along with this bank. With the tag taken through the bank accounts, you can recharge it directly.
Sticker – Rs 100
Refundable Deposit – Rs 200
Minimum Balance – Rs 200
Link: https://www.icicibank.com/Personal-Banking/cards/prepaid/fastag/index.page
HDFC Bank
HDFC is charging Rs 400 for the fastag sticker, lesser than other banks. In this, the issue charge is free of cost, however, you have to pay Reissuance Fees. Further, on recharge, HDFC is also offering 5% cashback every month.
Sticker – Free
Refundable Deposit – Rs 200
Minimum Balance – 100
Reissuance Fees – 100
Link: https://v1.hdfcbank.com/htdocs/common/fastag/index.html
SBI Bank
Similarly, with the SBI as well, the charges are lower. A tag is available free of cost till December 31st, just the issuing charges have to be paid. No offers are given from SBI.
Sticker – Free (Till December 31)
Refundable Deposit – Rs 200
Minimum Balance – Rs 200
Issuing Fees – Rs 100
Link: https://www.idfcfirstbank.com/fastag.html
IDFC Bank
IDFC Bank is charging Rs 500 for the sticker. From the bank, there are no offers given.
Sticker – Rs 100
Refundable Deposit – Rs 200
Minimum Balance – Rs 200
Issuing Fees – Rs 100
Link: https://www.idfcfirstbank.com/fastag.html
Axis Bank
Axis Bank is charging Rs 460 for the sticker, which includes a free of cost sticker.
Sticker – Free (Limited Period)
Refundable Deposit – Rs 200
Minimum Balance – Rs 160
Issuing Fees – Rs 100
Kotak Mahindra Bank
Kotak Mahindra Bank is offering the fastag sticker for Rs 500, in which the sticker is free of cost only till December 15. There are no offers given by the bank.
Sticker – Free (Till 15th December)
Refundable Deposit – Rs 200
Minimum Balance – Rs 200
Issuing Fees – Rs 100
Link: https://www.kotak.com/en/personal-banking/cards/prepaid-card/fastag/fastag-disclaimer-apply-now.html
For all these banks, you have to submit your KYC documents. With full KYC documents, you can keep a balance of up to Rs 1 Lakh on your fastag account. Some banks are offering a limit of up to Rs 10,000 if the KYC is not done. Further, every month, there will be 2.5% cashback offered from the NHAI on toll payments. With mobile operators, you can also recharge the amount via UPI systems.
Offline Purchase
Owners who are not well advanced with the use of internet banking and Paytm can also get the stickers offline. You can visit your nearest bank, where you can submit the related documents and get your sticker issued. Further, you can also get a sticker issued at toll gates through their officials or salespeople from different companies. The payment amounts will be the same, but there would not be any offers applicable on offline purchases.
What Documents Are Required For Getting Fastag?
- RC (Registration Certificate) of your vehicle
- Number Of Your Car
- KYC Documents
- ID Proof
- Fastag Application Form (Either Filled Online Or A Printout For Offline)
Till now, most of the toll booths have only one or two lanes for Fastag. However, the Government has ordered to convert all the booths into fastag lane and some booths will have hybrid lanes as well. On the official website, you can also check the active toll plazas where the sticker is required.
The post How To Get Fastag? All You Need To Know appeared first on Car Blog India.
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