What are FASTags? ;How to use it
Nitin Gadkari, the Road Transport and Highways Minister, has reported that FASTags will get compulsory for all vehicles, private and business, from December 15, 2019 (the previous cutoff time was December 1).
According to The Economic Times report, vehicles without FASTags should now settle up double the ordinary rate at cost entryways the nation over.
Along these lines, it is significant that you get one quick on the off chance that you don't have it as of now; you simply have not exactly seven days left.
FASTags are paid ahead of time battery-powered labels for cost assortment that permit programmed instalment reasoning from the FASTag, they are typically fastened on the windscreen of your vehicle. With the assistance of a FASTag, you won't need to stop your vehicle at cost squares to pay the cost. When the vehicle crosses the cost square, the cost expense will get deducted from the financial balance/prepaid wallet connected to the FASTag fastened on the vehicle's windscreen. An actuated FASTtag takes a shot at Radio Frequency Identification (RFID) innovation. In addition, these FASTags don't have any expiry date, that is, they can be utilized as long as they are discernible at the cost court and are not altered.
The most effective method to purchase and actuate your FASTag
FASTags are given by 22 ensured banks through different channels, for example, Point-of-Sale (POS) at National Highway cost courts and select bank offices. They are likewise accessible on web-based business stage, for example, Amazon.
a) Self-Activation: FASTags are 'bank-impartial', that is, no bank is pre-allocated to the FASTag at the time you buy it from a POS terminal or online stage. The online FASTag depends on the idea of DIY (Do-It-Yourself) where you can self-actuate it by entering vehicle subtleties in the 'My FASTag' versatile application. Android cell phone clients can download the My FASTag application from 'Google Play Store' and iPhone clients can download the application form 'Apple Store'.
From that point, you have the adaptability to interface the FASTag with any of your current financial balances by utilizing the My FASTag Mobile application. The NHAI (National Highways Authority of India) Prepaid wallet office is likewise accessible in My FASTag versatile application, where you can stack cash and get your cost expense deducted from the prepaid wallet as opposed to getting it legitimately deducted from a financial balance.
b) Activate by visiting confirmed bank office: You can likewise purchase FASTag by visiting the closest guaranteed bank office and get the FASTag connected with your current ledger.
Here is the point by point rundown of affirmed banks giving FASTags
S. No. Issuing Bank Customer Care Helpline No
1 Axis Bank 1800-419-8585
2 ICICI Bank 1800-2100-104
3 IDFC Bank 1800-266-9970
4 State Bank of India 1800-11-0018
5 HDFC Bank 1800-120-1243
6 Karur Vysya Bank 1800-102-1916
7 EQUITAS Small Finance Bank 1800-419-1996
8 PayTM Payments Bank Ltd 1800-102-6480
9 Kotak Mahindra Bank 1800-419-6606
10 Syndicate Bank 1800-425-0585
11 Federal Bank 1800-266-9520
12 South Indian Bank 1800-425-1809
13 Punjab National Bank 080-67295310
14 Punjab and Maharashtra Co-operation Bank 1800-223-993
15 Saraswat Bank 1800-266-9545
16 Fino Payments Bank 1860-266-3466
17 City Union Bank 1800-2587200
18 Bank of Baroda 1800-1034568
19 IndusInd Bank 1860-5005004
20 Yes Bank 1800-1200
21 Union Bank 1800-222244
22 Nagpur Nagarik Sahakari Bank Ltd 1800-2667183
Source: IHMCL
At the hour of actuation, you have to present the KYC (Know Your Customer) documentation according to the KYC arrangement of the bank. Aside from the KYC documentation, you have to submit Registration Certificate (RC) of the vehicle alongside the application for FASTag to the bank.
FASTag gave by affirmed banks can charge limit of Rs 100 for each tag, which is fixed by National Payments Corporation of India (NPCI). Be that as it may, the genuine label giving charges are characterized by the bank and may fluctuate from bank to bank. Understand more
For example, HDFC bank is selling FASTag for a vehicle at Rs 400. The valuing incorporates the accompanying:
Rs 100 for Tag issuance charges
Rs 200 for Refundable Security Deposit
Rs 100 for first energize sum in the wallet when the wallet is been made
ICICI bank is selling FASTag for a vehicle at Rs 499.12 in an accompanying way:
Rs 99.12 for Tag issuance expenses
Rs 200 for Refundable Security Deposit
Rs 200 for first revive sum in the wallet when the wallet is been made
The top-up charges may fluctuate from bank to bank and this distinction can be seen on particular banks' site.
Abhijeet Sehgal, CEO, 1Pay, a-Mumbai based computerized instalment arrangements firm, said that these charges may change in the event that you purchase the FASTag online in light of the fact that the individual who is the vender has additionally included expense of conveyance which as a matter, of course, you have to pay on the off chance that you are posting your items on amazon. "Amazon's 20 per cent bonus is likewise added to the cost subsequently it is costly than the ordinary rate when you purchase on the web," he included.
Step by step instructions to revive your FASTag
On the off chance that the FASTag is now connected with your ledger, at that point, there is no compelling reason to stack cash independently in a prepaid wallet. You just need to guarantee that your FASTag-connected financial balance has adequate parity to take into account cost instalments. In any case, on the off chance that you have connected the FASTag to a prepaid wallet (NHAI prepaid wallet), at that point it very well may be revived through different channels, for example, instalment through check or through UPI/platinum card/Mastercard/NEFT/Net Banking. Likewise, extra charges will be imposed while reviving the FASTag account through various channels. Understand more
Besides, there is a top on the most extreme parity which can be kept in the prepaid wallet. According to guidelines, these breaking points are:
For constrained KYC FASTag account holder: This kind of FASTag can't have more than Rs 20,000 in their FASTag prepaid wallet. The month to month reload limit is additionally topped at Rs 20000.
For full KYC FASTag account holder: This sort of FASTag account can't have more than Rs 1 lakh in their FASTag prepaid wallet. There is no month to month reload top in this record, as per the Indian Highways Management Company Limited (IHMCL) site.
You can't utilize one FASTag with at least two vehicles, you should purchase two separate FASTags for the two vehicles, etc.
According to the IHMCL site, "On the off chance that you live inside the scope of 10 km from the cost square, you can benefit a concession on the cost to be paid by means of your FASTag. In such a case, you have to present the necessary reports - verification of home at the bank, closest POS area to approve that your private location is inside 10 km of a specific cost square. When the location is confirmed, you can profit a concession on the cost paid by means of FASTag allocated to your vehicle."
According to The Economic Times report, vehicles without FASTags should now settle up double the ordinary rate at cost entryways the nation over.
Along these lines, it is significant that you get one quick on the off chance that you don't have it as of now; you simply have not exactly seven days left.
What are FASTags?
FASTags are paid ahead of time battery-powered labels for cost assortment that permit programmed instalment reasoning from the FASTag, they are typically fastened on the windscreen of your vehicle. With the assistance of a FASTag, you won't need to stop your vehicle at cost squares to pay the cost. When the vehicle crosses the cost square, the cost expense will get deducted from the financial balance/prepaid wallet connected to the FASTag fastened on the vehicle's windscreen. An actuated FASTtag takes a shot at Radio Frequency Identification (RFID) innovation. In addition, these FASTags don't have any expiry date, that is, they can be utilized as long as they are discernible at the cost court and are not altered.
The most effective method to purchase and actuate your FASTag
FASTags are given by 22 ensured banks through different channels, for example, Point-of-Sale (POS) at National Highway cost courts and select bank offices. They are likewise accessible on web-based business stage, for example, Amazon.
- Here is the manner in which you can do it.
a) Self-Activation: FASTags are 'bank-impartial', that is, no bank is pre-allocated to the FASTag at the time you buy it from a POS terminal or online stage. The online FASTag depends on the idea of DIY (Do-It-Yourself) where you can self-actuate it by entering vehicle subtleties in the 'My FASTag' versatile application. Android cell phone clients can download the My FASTag application from 'Google Play Store' and iPhone clients can download the application form 'Apple Store'.
From that point, you have the adaptability to interface the FASTag with any of your current financial balances by utilizing the My FASTag Mobile application. The NHAI (National Highways Authority of India) Prepaid wallet office is likewise accessible in My FASTag versatile application, where you can stack cash and get your cost expense deducted from the prepaid wallet as opposed to getting it legitimately deducted from a financial balance.
b) Activate by visiting confirmed bank office: You can likewise purchase FASTag by visiting the closest guaranteed bank office and get the FASTag connected with your current ledger.
Here is the point by point rundown of affirmed banks giving FASTags
S. No. Issuing Bank Customer Care Helpline No
1 Axis Bank 1800-419-8585
2 ICICI Bank 1800-2100-104
3 IDFC Bank 1800-266-9970
4 State Bank of India 1800-11-0018
5 HDFC Bank 1800-120-1243
6 Karur Vysya Bank 1800-102-1916
7 EQUITAS Small Finance Bank 1800-419-1996
8 PayTM Payments Bank Ltd 1800-102-6480
9 Kotak Mahindra Bank 1800-419-6606
10 Syndicate Bank 1800-425-0585
11 Federal Bank 1800-266-9520
12 South Indian Bank 1800-425-1809
13 Punjab National Bank 080-67295310
14 Punjab and Maharashtra Co-operation Bank 1800-223-993
15 Saraswat Bank 1800-266-9545
16 Fino Payments Bank 1860-266-3466
17 City Union Bank 1800-2587200
18 Bank of Baroda 1800-1034568
19 IndusInd Bank 1860-5005004
20 Yes Bank 1800-1200
21 Union Bank 1800-222244
22 Nagpur Nagarik Sahakari Bank Ltd 1800-2667183
Source: IHMCL
At the hour of actuation, you have to present the KYC (Know Your Customer) documentation according to the KYC arrangement of the bank. Aside from the KYC documentation, you have to submit Registration Certificate (RC) of the vehicle alongside the application for FASTag to the bank.
What are the charges for FASTag?
FASTag gave by affirmed banks can charge limit of Rs 100 for each tag, which is fixed by National Payments Corporation of India (NPCI). Be that as it may, the genuine label giving charges are characterized by the bank and may fluctuate from bank to bank. Understand more
For example, HDFC bank is selling FASTag for a vehicle at Rs 400. The valuing incorporates the accompanying:
Rs 100 for Tag issuance charges
Rs 200 for Refundable Security Deposit
Rs 100 for first energize sum in the wallet when the wallet is been made
ICICI bank is selling FASTag for a vehicle at Rs 499.12 in an accompanying way:
Rs 99.12 for Tag issuance expenses
Rs 200 for Refundable Security Deposit
Rs 200 for first revive sum in the wallet when the wallet is been made
The top-up charges may fluctuate from bank to bank and this distinction can be seen on particular banks' site.
Abhijeet Sehgal, CEO, 1Pay, a-Mumbai based computerized instalment arrangements firm, said that these charges may change in the event that you purchase the FASTag online in light of the fact that the individual who is the vender has additionally included expense of conveyance which as a matter, of course, you have to pay on the off chance that you are posting your items on amazon. "Amazon's 20 per cent bonus is likewise added to the cost subsequently it is costly than the ordinary rate when you purchase on the web," he included.
Step by step instructions to revive your FASTag
On the off chance that the FASTag is now connected with your ledger, at that point, there is no compelling reason to stack cash independently in a prepaid wallet. You just need to guarantee that your FASTag-connected financial balance has adequate parity to take into account cost instalments. In any case, on the off chance that you have connected the FASTag to a prepaid wallet (NHAI prepaid wallet), at that point it very well may be revived through different channels, for example, instalment through check or through UPI/platinum card/Mastercard/NEFT/Net Banking. Likewise, extra charges will be imposed while reviving the FASTag account through various channels. Understand more
Besides, there is a top on the most extreme parity which can be kept in the prepaid wallet. According to guidelines, these breaking points are:
For constrained KYC FASTag account holder: This kind of FASTag can't have more than Rs 20,000 in their FASTag prepaid wallet. The month to month reload limit is additionally topped at Rs 20000.
For full KYC FASTag account holder: This sort of FASTag account can't have more than Rs 1 lakh in their FASTag prepaid wallet. There is no month to month reload top in this record, as per the Indian Highways Management Company Limited (IHMCL) site.
Focuses to note
You can't utilize one FASTag with at least two vehicles, you should purchase two separate FASTags for the two vehicles, etc.
According to the IHMCL site, "On the off chance that you live inside the scope of 10 km from the cost square, you can benefit a concession on the cost to be paid by means of your FASTag. In such a case, you have to present the necessary reports - verification of home at the bank, closest POS area to approve that your private location is inside 10 km of a specific cost square. When the location is confirmed, you can profit a concession on the cost paid by means of FASTag allocated to your vehicle."
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Nice post
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