How FASTag Has Made Everyone’s Life Easy

Posted on Friday, September 18th, 2020 | By IndusInd Bank

We are fast moving towards a truly digital era, especially when itcomes to making everyday payments. Given the importance of a smooth dailycommute to and from work, it only makes sense to have a convenient paymentoption at your disposal.

Initiated by the Government of India in 2014, FASTag is now a mandatory requirement for all vehicles using toll plazas to pay quickly and conveniently. 

What is FASTag?

FASTag is a Radio-frequency ID (RFID)-powered prepaid rechargeable tag affixed on the windshield of a vehicle. Developed by the National Payments Corporation of India (NPCI) and Indian Highways Management Company Ltd. (IHMCL), FASTag allows for quick and contactless toll payments when a vehicle passes through an authorised toll lane. This means that when you use a toll plaza, you don’t have to stop and pay in cash. The FASTag-reading RFID technology will automatically detect your FASTag account and deduct the requisite fee from the linked bank account or prepaid wallet.

Currently, FASTags are being issued by 27 certified banks through various channels.

Is FASTag Mandatory in India?

The FASTag became mandatory on January 15, 2020.

In May, the Ministry of Road Transport and Highways issued a notification, which says that if a vehicle not fitted with a valid & active FASTag enters a FASTag lane, it will have to pay twice the fee applicable to its category.

How it Works

Acquiring, using, and maintaining a FASTag is a prettystraightforward process. You just need to have your vehicle’s registrationcertificate and your KYC documents available.

Millions of people across the country are already using it, and you can too, by following the steps below.

Getting a FastTag

You can get a FASTag at four places – at select toll booths, on your bank’s website (like fast2ag.indusind.com) or branch, on the “MyFASTag” app or an e-commerce platform like Amazon. Purchasing a FASTag at the former two will mean that it will be bank neutral, and you will have to use a prepaid wallet associated with your FASTag account. However, when you apply for a FASTag at a bank like IndusInd Bank, the FASTag can be connected directly with your account.

Using a FASTag

All you have to do is paste the FASTag on your windshield, face down. When you next use a NETC FASTag enabled tollbooth, a scanner will use RFID to scan your FASTag automatically. The amount will be deducted from your wallet/account directly, and you will receive a message from your bank regarding this transaction.

Maintaining a FASTag

Much like any other recharge, you will have to top up your FASTag regularly. If your FASTag is already connected to your bank account, you can use the bank’s e-Portal to top up. Banks like IndusInd Bank make it convenient and quick. If you do not have a bank account associated with your FASTag, you can use your FASTag provider’s website, the MyFASTag app, or a physical toll booth to top up your account.

What are the Benefits of FASTag?

Using a FASTag indeed makes life much easier for everyone on the road. There are several benefits associated with it, which make your travel faster, convenient, and straightforward.

Tracking Expenditure

One of the biggest hassles associated with physical receipts of your toll expenses is keeping track of them. If you use FASTag for highway toll payments, this is not a problem anymore. At IndusInd Bank, you receive text messages for every transaction with a FASTag and all your FASTag transaction details can be accessed anytime through the customer portal: fastag.indusind.com .

Cashless Payments

At a toll booth and don’t have the exact change? With FASTag, that will not be a problem anymore. The scanner will deduct your payments automatically, so you don’t have to worry about carrying exact change. Also, banks like the IndusInd Bank allow you to top up your balance digitally & instantly, making payments easier than ever.

Save Time and Money

No commuter wants to waste time waiting in long toll plaza lines. With FASTag, you can pay much faster, which saves you and the others’ time.

Get an IndusInd FASTag Today

For hassle-free trips and commutes on nationalhighways, get IndusInd FASTag today. With IndusInd Bank’s Auto Top-Upfunctionality & a linked IndusInd Bank account, when your tag approaches alow balance, it automatically funds itself from your account without requiringyou to intervene.

The FASTag highway toll payment system at IndusInd Bank is designed to make your daily commute and other inter-city travel much easier. Apply for a FASTag at IndusInd Bank digitally and make your life easier with cashless payments.