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Everything You Should Know About FASTag
Posted on Wednesday, March 10th, 2021 | By IndusInd Bank
Whatis the concept of FASTag? What is the expiry period of the FASTag?
FASTag is an NHAI-operated electronic system for toll collection. The system of FASTag is based on the RFID (Radio Frequency Identification Device) technology and is fixed on the vehicle’s windscreen. In simple words, FASTag’s are the tags that have to be recharged by paying in advance for the future toll collection. Starting January 1, 2021, all toll lanes will be dedicated FASTag lanes, and so not having a FASTag will require you to pay a penalty of twice the toll charges.
Moreover, these Tags have a never-endingvalidity period. They can be used until they are not tinkered and are in readablecondition for the machines installed at the toll plaza.
What is the working mechanism of FASTag?
Vehicles with activated FASTag need not do anypayment at the toll gates as the toll charges will be deducted on the vehicle’smovement. The toll charges will be automatically debited from the bank accountor digital wallet linked with the FASTag.
This will facilitate the drivers not to stopfor a long time at the toll plazas to make the toll charges payments. As thecollection of toll charges would be done electronically under the NETC(National Electronic Toll Collection) program.
Where can we apply for FASTag?
The RTH ministry authorizes 22 certified banks for issuing FASTag’s. Moreover, drivers can apply at various Channels of NH toll plazas that are authorized to issue FASTag. You can visit this page for comprehensive information on FASTag and click here to apply FASTag instantly.
What are the steps that need to be followed for activatingFASTag’s?
Once you receive your FASTag, there are twoways to activate the FASTag:
- You can visit a bank branch to activateFASTag.
- Or, you can do self-activation of theFASTag.
Steps for Self-Activation
- Install the ‘My FASTag’ application onyour smartphone from the play store.
- After installing the App, enter all themandatory details of the vehicle.
- Now, link the FASTag to the desireddigital wallet or bank accounts.
Steps for activating FASTag by visiting a bank branch
The FASTag can belinked with the relevant bank account by the applicant. In addition to this,they have to submit RC (Registration certificate) of vehicle and KYC documentsfor activating FASTag.
Being a FASTag owner,if you are not willing to add any of the digital wallet or bank account, youcan link it with NHAI prepaid wallet. This facility enables the user to addfunds for the payment of future toll charges.
Conclusion
FASTag is a system for all vehicles to pay toll charges and avoid congestion at the toll plazas.
Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.
