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Kotak Bank FASTag: Fee, Online Recharge, and How to Apply

Published on 5 Aug, 2024, 5:53 AM IST
Updated on 8 Aug, 2024, 10:56 AM IST
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The Ministry of Road Transport and Highways has made it mandatory to install FASTag on vehicles running on national and state highways. It was introduced in this fast-paced world to reduce traffic and congestion at toll plazas and to provide a cashless toll payment system. For easy access, the Government of India has granted 22 certified banks the right to provide FASTags. One among them is the Kotak Mahindra Bank. It has gained trust among vehicle owners in managing their FASTag accounts. 

Continue reading this blog to learn more about Kotak Bank FASTag, how to apply for it, how to recharge the account, and more.

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What is Kotak Bank FASTag?

A FASTag is a reloadable, easy-to-use tag installed on the windscreen of vehicles for easy movement of vehicles on highways across the country. It automates the deduction of toll charges from the linked bank account. This FASTag employs Radio Frequency Identification (RFIC) technology to carry out hassle-free toll payments on highways. 

The Kotak Bank FASTag is also the same. Like other tags, it also consists of a unique identification number with the vehicle owner's prepaid account. When any vehicle approaches the toll plaza, the RFID reader scans the tag and deducts the toll fare from the e-wallet. Thus, vehicle owners can drive seamlessly without stopping. It is easy to carry cash for payment, thereby preventing you from standing in long queues. FASTag, therefore, promotes cashless transactions and saves time and fuel consumption. 

How to Apply for Kotak Bank FASTag?

The application process for Kotak Bank FASTag is simple and hassle-free. There are two different processes followed- each for existing customers and new customers. Here is a detailed guide on how to apply for Kotak Bank FASTag:

For Existing Customers

If you are an existing customer of Kotak Bank FASTag, follow the below steps:

Step 1: Visit the official portal of Kotak Bank FASTag and click on Apply Now. Choose the personal vehicle option and start with the registration

Step 2: Provide your Customer Relationship Number (CRN)

Step 3: Provide the OTP (Time Password) sent to your registered email address and mobile number to proceed further

Step 4: Enter your chosen vehicle number (You will be eligible to choose a maximum of 5 vehicles by selecting 'Add More Vehicles')

Step 5: Make sure all entered details are accurate and make the necessary payment through debit card/credit card/UPI to finish up the registration process

For New Customers

If you are a new customer and willing to register or apply for Kotak Bank FASTag, here is a guide for you:

Step 1: Go to the official website of Kotak Bank FASTag and choose 'Apply Now' and the Personal Vehicle option to begin the registration process as a new customer

Step 2: Provide your mobile number and One Time Password sent to your mobile number 

Step 3: Enter all necessary KYC details, including your date of birth, PAN card, name, address, etc. Make sure your PAN Card is valid.

Step 4: Provide your proof of residence along with ID (Driving License/Passport/Voter ID) and enter the required number

Step 5: Enter your vehicle number (A maximum of 5 vehicles can be applied for by choosing ‘Add More Vehicles’)

Step 6: Verify all the details entered and make the payment through debit card/credit card/Net Banking to complete the registration process

Kotak Bank FASTag fees

To obtain the Kotak Bank FASTag, paying a one-time fee of Rs. 100, including taxes, is a must. There is also a deposit fee to be submitted that depends on the category of your vehicle. The table below displays the tag deposit and threshold amount for each category of vehicle:

Vehicle Class Number

Vehicle Description

Tag Deposit (in Rs.)

Threshold Amount (in Rs.)

4

Car / Jeep / Van

200

NA

4

Tata Ace and Similar mini Light Commercial Vehicle

200

200

5

Light Commercial vehicle 2-axle

300

200

6

Bus 3-axle

500

300

6

Truck 3-axle

500

300

7

Bus 2-axle / Mini-Bus

400

300

7

Truck 2-axle

400

300

12

Tractor / Tractor with trailer

500

300

12

Truck 4-axle

500

300

12

Truck 5-axle

500

300

12

Truck 6-axle

500

300

15

Truck 7-axle and above

500

300

16

Earth Moving / Heavy Construction Machinery

500

300

Documents Required for Kotak Bank FASTag Online Apply

For the easy application of Kotak Bank FASTag online, the documentation process is made simple and hassle-free. Here are the documents to submit with the Kotak Bank FASTag application form:

  • Know Your Customer (KYC) documents

  • Passport-size photographs of the owner of the vehicle

  • Registration Certificate (RC) of the vehicle 

  • Original driving license 

  • ID proof

  • Address proof

  • PAN card

Methods to Recharge Your Kotak Bank FASTag 

Here are various ways mentioned stating how to recharge FASTag online and offline:

Kotak Mobile Banking App

Step 1: Download the Kotak Mobile Banking App on your smartphone device from either the Play Store or Apple Store

Step 2: Select the FASTag icon in the 'Cards and Transfer' section. It will display your current balance available on your e-wallet, the status of your linked vehicle, and ten recent transactions.

Step 3: Click on the button ‘Recharge Now’ after entering the desired amount you want to recharge with 

Step 4: Once your transaction is successful, the balance will reflect on your wallet 

Using UPI 

Step 1: Choose to click on Pay to UPI ID (send money) and enter your Kotak Bank e-wallet UPI ID with beneficiary address

Step 2: Enter the recharge amount and select the ‘Continue’ option

Step 3: Verify the details registered and then click on ‘Confirm and Pay’

Follow the steps mentioned above; once your transaction is successful, the recharge amount will be reflected in your wallet, and your FASTag account will be recharged. 

Using BillPay (BBPS)

Step 1: Open the Kotak Mahindra Bank App on your smartphone device and go to the BillPay feature

Step 2: Choose the Biller Name as ‘Kotak Mahindra Bank-FASTag’

Step 3: Provide the registration number of your vehicle with the amount you want to recharge with 

Step 4: After verifying the entered details, click on ‘Confirm and Pay’

Once the transaction is successful, the recharge amount will be displayed on the Kotak Bank FASTag wallet

Kotak NETC FASTag Portal

Step 1: Visit the official portal of Kotak Bank FASTag and log in with your registered user ID and contact number

Step 2: Go to the left-hand side of the screen and click on the 'Recharge' option

Step 3: Enter the required recharge amount with your preferred mode of payment – debit or credit card or UPI or Net Banking

Step 4: Clicking on the 'Proceed' option, you will be redirected to the screen that displays the new balance. Once you complete the transaction successfully, the desired recharge amount will be reflected in your wallet immediately.

Auto Recharge 

Each time your Kotak Bank FASTag wallet reaches the below minimum amount, it recharges automatically. So, to enable the auto recharge option in the FASTag account, follow the below-mentioned steps:

Step 1: Visit the official customer portal website of Kotak Bank FASTag and log in with your registered contact number and email address

Step 2: On the left-hand side, go to the 'Auto Recharge' section, and to enable this feature, go again to the right

Step 3: Enter the recharge amount and select the 'Set Auto Recharge' option

Step 4: Provide the OTP sent to your registered mobile number 

Step 5: Choose the Kotak Bank account from which the recharge amount will be debited and click on ‘Confirm’ to set the auto recharge feature

Key Benefits of Kotak Bank FASTAg

Now that you have an idea about the FASTag offered by Kotak Bank, it is important to understand the benefits it offers. Here are the advantages of having a Kotak Bank FASTag for your vehicle:

  • Time Efficiency: The biggest advantage may be the immense time savings at toll plazas. You no longer have to struggle to find cash or credit cards, so you can pass through toll gates quickly. This is especially helpful when traffic is heavy and lines can get long.

  • Control and Accessibility: Kotak Bank makes FASTag recharge simple by offering various channels, such as credit/debit cards, UPI, and online banking. Additionally, you have control over your account since you may use the internet or mobile tools to monitor your FASTag balance and transaction history.

  • Financial Advantages: In addition to reducing time, FASTag has financial benefits. Cutting down on idle time at toll plazas may improve fuel economy. Additionally, the electronic payment system guarantees clear and accurate transaction records, which will assist you in better financial management.

  • Convenience and Security: It is impossible to dispute FASTag's convenience. You may concentrate on driving without having to worry about managing your finances since automated toll deductions are connected to your prepaid account. Additionally, by removing the dangers involved with cash transactions, the electronic payment method improves security.

  • Environmental Impact: By facilitating efficient traffic movement, FASTag contributes to a cleaner environment by lowering air pollution and traffic jams. Essentially, Kotak Bank FASTag enhances your travel experience by offering a simple, safe, and practical toll payment option.

Final Words

To conclude, by buying the Kotak Bank FASTag, you can experience an efficient toll transaction, reducing waiting time in queues. Following a simple and easy signup process with both online and offline application methods, Kotak Bank FASTag ensures the safety of customers on highways across the country. The bank also provides promotional cashback with each FASTag transaction. Customers can also get assistance from customer service 24*7 for any queries.

Overall, the Kotak Bank FASTag is a one-stop solution for making toll payments simple, convenient, and hassle-free for daily commuters. 

Frequently Asked Questions

Here are some of the most common questions and their answers related to Kotak Bank FASTag

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How can I report any incorrect deduction amount on my FASTag?

If you need help with an incorrect deduction amount on your Kotak Bank FASTag account, reach out to the Customer Care Helpline number. The FASTag team will look into the matter and return the deducted amount to the source. 

How can I find out the Kotak Bank FASTag statement?

To find out the Kotak Bank FASTag statement, log into the customer portal with your registered mobile number and email address. Alternatively, you can also contact customer care executives by calling the customer care number and requesting the statement. 

What is the validity of Kotak Bank FASTag?

Kotak Bank FASTag remains valid for five years from the date of issuance. 

How can I recharge my Kotak Bank FASTag account?

To recharge your Kotak Bank FASTag account, visit the official portal and make the payment using a debit or credit card or net Banking. 

How can I track my FASTag application in Kotak Mahindra Bank?

To track your FASTag application in Kotak Mahindra Bank, visit the official customer portal or contact customer service support using the helpline numbers given.

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