What is the Indian Bank FASTag?
FASTag is a joint initiative by the National Highways Authority of India (NHAI) and the National Payments Corporation of India (NPCI) implemented as a medium for electronic toll collection for a convenient driving experience on the highways. With the advancements in technology, the introduction of FASTag has eliminated the intervention of humans in the toll collection system through Radio Frequency Identification Technology (RFID).
Therefore, to reduce congestion on the highways and ensure a smooth driving experience, FASTag has been made mandatory for all vehicles. Also, you can opt for online recharge services through different modes of online payment like net banking, cards, UPI etc.
How Does the Indian Bank FASTag Work?
The FASTag technology is affixed to the windscreen of the vehicle which is linked to a prepaid account. As the vehicles drive through the toll gates, toll payments are processed automatically through Radio Frequency Identification Technology (RFID). This means you do not have to stop at the toll plaza to process the transactions, enabling a seamless driving experience.
Nevertheless, once you purchase a FASTage, you will have to recharge it. However, for that, you need to have your Indian Bank savings or current account linked with your FASTtag. So that, whenever you need to recharge you can log in to your Indian Bank account and recharge the FASTag using your credit or debit card or even net banking.
What are the Key Benefits of the Indian Bank FASTag?
Go through the following points to learn about some of the key benefits of the Indian Bank FASTag:
Cashless Toll Transaction
With the Indian Bank FASTag, you are allowed to go through a cashless transaction whenever you travel through the toll plaza, without any technological complications or involvement of funds in person.
Since FASTag involves electronic transactions, there is no human intervention in the entire process. This means you do not have to stop while you pass through the toll plazas, saving both your time and energy.
You are also allowed to recharge the Indian Bank FASTag through several modes of payment including credit card, debit card and net banking services. Apart from this, on successful completion of a transaction through the Indian Bank FASTag, you can also get a monthly cashback incentive of up to 2.5%.
Convenient Validity Period
The Indian Bank FASTag has a validity period of 5 years. This means you do not have to opt for FASTag recharge more often.
Reduction in Road Congestion
Processing your toll plaza transactions through FASTag also means people do not have to stop at the tolls, reducing emissions and road congestion.
How to Apply for the Indian Bank FASTag?
The Indian Bank is listed on the National Payment Corporation of India (NPCI), through which you can obtain a FASTag from its official website. Given below is a simple step-by-step process on how to apply for the Indian Bank FASTag:
Step 1: Visit the official website of the Indian Bank FASTag.
Step 2: Select the “Click here” option.
Step 3: You will be redirected to another page of the application form. Fill in the required details in the form, such as your name, gender, DOB, vehicle number, PAN number etc.
Step 4: Provide your KYC details.
Step 5: Upload the scanned copies of the required documents like your recent photograph, KYC documents, vehicle’s Registration Certificate (RC) etc.
Step 6: After previewing the given information, click on the “Submit” button.
Step 7: Pay the required application fee based on the type of your vehicle.
What are the Documents Required for the Indian Bank FASTag?
Before initiating the process to purchase the Indian Bank FASTag, make sure to accumulate the following list of documents for an informed approach:
What are the Indian Bank FASTag Fees and Charges?
The Indian Bank FASTag charges a one-time of Rs. 100 which is inclusive of applicable taxes. Some of the other fees and charges based on the categories of vehicles are shown in the table below:
NPCI Vehicle Category | Description | Tag Colour | Tag Deposit | Threshold Amount |
|---|
4 | Car/ Jeep/ Van/ Tata Ace and Similar mini Light Commercial Vehicle | Violet | 200 | 200 |
5 | Light Commercial vehicle 2-axle | Orange | 300 | 200 |
6 | Bus 3-axle/ Truck 3-axle | Yellow | 400 | 300 |
7 | Bus 2-axle/ MiniBus/ Truck 2-axle | Green | 400 | 300 |
12 | Tractor/ Tractor with trailer/ Truck 4-axle/ Truck 5-axle/ Truck 6-axle | Pink | 400 | 300 |
15 | Truck 7-axle and above | Blue | 400 | 300 |
16 | Earth Moving/ Heavy Construction Machinery | Black | 400 | 300 |
Please note that the deposit rates as mentioned in the table above are applicable based on the class of your vehicle and will be refunded to you at the time of your Indian Bank FASTag account closure.
What are the Methods to Recharge the Indian Bank FASTag Online?
The Indian Bank FASTag allows you to recharge using several digital platforms for an easy and seamless transaction process. Recharging FASTag enables you to save time that you would have spent in the toll plazas, adding to your convenience.
Here are different types of methods for instant Indian Bank FASTag recharge online:
FASTag Recharge Using Indian Bank FASTag Official Portal
Step 1: Visit the official website of the Indian Bank FASTag.
Step 2: Go to the “To Top Up Existing FASTag Wallet” option.
Step 3: Click on the “Continue to Login” button.
Step 4: Enter your Indian Bank login credentials to access the official Indian Bank FASTag site.
Step 5: Navigate to the section where you see the FASTag wallet ID and the amount to be paid to recharge.
Step 6: Make the payment using any of the available payment methods
FASTag Recharge Using UPI Handle
Given below are the steps to recharge FASTag through UPI:
Step 1: Log in to the UPI app at your convenience with your credentials.
Step 2: Navigate to the FASTag section.
Step 3: Click on “Recharge FASTag”.
Step 4: Click on “Add New Vehicle”.
Step 5: Navigate to the Indian Bank and select.
Step 6: Enter the vehicle number
Step 7: Enter the amount and proceed to pay by selecting your UPI ID.
Final Words
To sum it up, from saving your time and fuel to reducing road congestion and emissions, the Indian Bank FASTag has several constructive benefits. It not only promotes a cashless transaction but also ensures a seamless driving experience on the highways. Thus, FASTag is one of the most crucial results of technological advancements within the transportation system of the country.
Frequently Asked Questions
