What is Bank of Baroda FASTag?
FASTag is a device that uses Radio Frequency Identification (RFID) technology for making online toll payments from a car owner's linked prepaid or savings/current account. FASTag is a flagship programme of the Ministry of Road Transport and Highways and, the National Highways Authority of India (NHAI). Indian Highways Management Company Limited (IHMCL) is responsible for implementing the FASTag programme.
As per official data, FASTag has a penetration rate of about 98% and more than 8 crore users. FASTag is a key criterion for those who want third-party vehicle insurance. A Bank of Baroda FASTag is valid for 5 years after purchase.
Under the NHAI’s 'One Vehicle, One FASTag' initiative, a vehicle can have only one FASTag. The FASTag is attached to the windscreen of a vehicle. FASTag without sufficient balance cannot be used at the toll plaza.
How Does Bank of Baroda FASTag Work?
The FASTag mechanism is part of the National Electronic Toll Collection (NETC). National Payments Corporation of India has been engaged to provide clearing and settlement services for this FASTag Programme.
At the toll plaza, your FASTag Bank of Baroda is scanned and details such as tag ID, vehicle class, etc. are sent to the acquiring bank for processing. The acquiring bank asks the NETC Mapper to confirm the information the FASTag conveys. NETC Mapper is a database of tag IDs and is maintained by the NPCI and NETC Switch. If the ID is not present in the NETC Mapper, it will respond by saying that it doesn’t have information about the tag.
Once the Bank of Baroda FASTag details are confirmed, the acquirer host sends a debit request to the NETC System. The NETC System sends the debit request to the issuer bank. After the toll fee is debited, the acquirer host notifies the toll plaza about it. The vehicle is then free to pass through the toll plaza.
What Are the Key Benefits of Bank of Baroda FASTag?
Below we have listed some of the top advantages of the Bank of Baroda FASTag system:
Cashless Transaction
FASTags are carrying forward the march of cashless transactions in India. It removes the hassle of keeping cash with yourself and submitting it at the toll plaza.
Reduce Fuel Wastage
Your Bank of Baroda FASTag ensures seamless movement of vehicles across toll plazas. Thus, there is no need for a vehicle to keep the engine on and wait in a queue endlessly. It leads to a tremendous saving of fuel.
Less Traffic Congestion and Travel Time
Before FASTag, there were long queues and waiting times at toll plazas. This led to a lot of congestion and unnecessarily increased traveling time for passengers. With FASTag, this problem has been solved as there is no more congestion at plazas.
Nationwide Interoperable Ecosystem
The FASTag is a secure framework which can be used throughout the country. Digital technology ensures there are no bureaucratic hurdles or geographical limitations in paying the toll fees.
Transparency
One of the benefits of FASTag is the transparency and efficiency with which the transactions are processed. It makes it easy to trace the details of any fee paid at the toll plaza.
How to Get Bank of Baroda FASTag?
Here is how to get a Bank of Baroda FASTag:
Step 1: Visit the FASTag section of Bank of Baroda’s online portal.
Step 2: Click on ‘Buy FASTag Online’.
Step 3: Enter all the personal and vehicle details which are asked for in the form. You will also have to upload your photo and relevant documents.
Step 4: Pay online for the FASTag.
Once the Bank of Baroda has approved your application, it will send the FASTag to your doorstep.
Which Documents Required to Get Bank of Baroda FASTag?
You have to submit the following documents to get the Bank of Baroda FASTag:
Registration Certificate (RC) of the vehicle
FASTag application form
KYC documents such as Aadhaar card, driving licence, PAN card, voter ID card and passport
Your photograph
How to Recharge Bank of Baroda FASTag Online?
Here are some online methods to recharge Bank of Baroda FASTag balance:
1. UPI
The steps to recharge your BOB FASTag using UPI are as follows:
Step 1: Open and log in to your UPI application.
Step 2: Select the option for UPI payment.
Step 3: The UPI ID to which you will send the payment is in the format “netc.your vehicle number@your issuing bank handle”. Accordingly, fill up the UPI ID for the recipient.
Step 4: Enter the amount you want to send.
Step 5: Enter your UPI PIN
Your FASTag will be recharged upon completing the transaction.
If you are confused about the UPI handle for your bank, you can check NPCI’s document on UPI transactions via the BHIM app.
2. Bank Portal
Here is how to recharge FASTag via net banking of Bank of Baroda:
Step 1: Log in to the net banking portal of Bank of Baroda.
Step 2: Go to the page for FASTag recharge.
Step 3: Click on the button for recharge.
Step 4: Enter the amount you want to recharge.
Step 5: Choose between debit card, credit card, and net banking to complete the transaction.
My FASTag App
The step-by-step guide to recharge your FASTag BOB with the My FASTag App are:
Step 1: Download the My FASTag App from Google Play or the App Store.
Step 2: Go to “Bank Specific FASTag (FASTag issued by banks)” and tap on “Recharge via UPI”.
Step 3: Select your bank name and enter your vehicle number.
Step 4: Confirm VPA ID in the form “netc.vehicle number@bank’s UPI handle” and proceed with the UPI app you use for transactions.
How to Recharge FASTag Offline?
Below are the steps to recharge Bank of Baroda FASTag offline:
Step 1: Visit a point of sale at a toll plaza.
Step 2: Pay the top-up amount in cash.
Step 3: The official at the toll will recharge your FASTag after you submit relevant information.
You will get an SMS notification once the recharge is done.
Fee and Charges for Bank of Baroda FASTag
Bank of Baroda FASTag charges a fee of Rs. 84.74. In addition to this, GST has to be paid as well.
One-Time Security Deposit for Different Categories of Vehicles
Here's how much a one-time security deposit has to be paid for different types of vehicles:
Vehicle Class | Description | Refundable Security Deposit | Minimum First Recharge Amount |
|---|
4 | Car/Jeep/Van | 50 | 0 |
5 | Light Commercial vehicle 2-axle | 100 | 140 |
7 | Bus 2-axle | 100 | 300 |
8 | Bus 3-axle | 100 | 300 |
9 | Mini-Bus | 100 | 300 |
10 | Truck 2 - axle | 100 | 300 |
11 | Truck 3 - axle | 100 | 300 |
12 | Truck 4 - axle | 100 | 300 |
13 | Truck 5 - axle | 100 | 300 |
14 | Truck 6 - axle | 100 | 300 |
15 | Truck Multi axle ( 7 and above) | 100 | 300 |
16 | Earth Moving Machinery | 100 | 300 |
17 | Heavy Construction machinery | 100 | 300 |
20 | Tata Ace and Similar Mini Light Commercial Vehicle | 50 | 0 |
Bottom Line
FASTag is an innovative technology that lets you effortlessly pay your fees at the toll plaza. It facilitates cashless payment and makes it easy to track all payments. From reducing congestion and travel time to cutting fuel wastage, it has many advantages.
It is simple to buy and recharge a Bank of Baroda FASTag. You can use net banking or UPI to recharge your FAStag. Do remember that if you don’t have sufficient balance when you are at the toll plaza, your FASTag will be blacklisted and you will have to pay twice the toll amount in cash.
Frequently Asked Questions
