What is FASTag and how it works
National Highways Authority of India (NHAI) and Indian Highways Management Company Limited (IHMCL) have started an Electronic Toll Collection (ETC) program for cashless payment of toll tax at toll plazas. This program is to be termed as FASTag.
Some people think that it is a card and we can make payment through it. But this is not correct. It is actually a device which is fixed at the windscreen of your vehicle. The device uses Radio Frequency Identification (RFID) technology to make payments directly from your online linked prepaid account.
Image courtesy- NHAI official website
Should I purchase FASTag
The first and foremost question which arises in the mind in the mind of the people is- should I buy FASTag or is it useful to me. Hence here I'm going to pen down few advantages of this wonderful device.
Easy payment- You need not to carry hard cash or loose money with you.
Please note that you need separate device for each vehicle owned. Thus, if you are having two cars, then you need two FASTag- one for each car.
How to purchase FASTag
So you have planned to buy this device. Great! You need to pay one time fee of Rs. 200 only for this device in addition to refundable security deposit. This security amount depends on the type of vehicle owned by the person. Validity of FASTag is 5 years.
You need to visit any of the Point of Sale (POS) locations at Toll Plazas or Issuer Agency. They will create your FASTag account. Check out the list of POS locations here:
Image courtesy- NHAI official website
A person needs to submit copy of following documents while applying for the device. But don't forget to carry original documents also for verification purpose.
How to online recharge FASTag account
You can recharge your account offline or online. To recharge offline, you can make payment through cheque. To recharge online, you can make payment through Credit Card/ Debit Card/ NEFT/ RTGS or through Net Banking. You have to recharge with a minimum amount of Rs. 100 with maximum limit of Rs. 1 lakh only. Amount can be recharged in multiples of 100.
Other important things you should know
Call customer care of the issuer agency if your vehicle/ device is lost or stolen. They will block your FASTag and will transfer the balance in another new opened account.
Inform Issuer Agency if you are going to sell or transfer your car.
Customer care number of ICICI Bank- 1860 267 0104
Customer care number of AXIS Bank- 1800 103 5577
Nidhi is a freelance content writer with 5+ years experience. She has great passion to write on valuable topics so as to provide accurate information to her readers. She is also keen to provide employment to all Indians and so posts various job openings too in this website.
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Thank you for updating us with such a new information for the benefit of vehicle owners. I was not aware of it and now aware of FASTag. This scheme should be implemented throughout India leaving no toll gate. Any partial implementation may not be fruitful. All the toll gates on the national highways should be ready to allow the vehicles ply with FASTag system installed.
My doubt is - Has this been implemented and in use? If so, since when?
Sun, At present it is operating at more than 240 toll plazas across National Highways. It will be implemented at more toll plazas in future.
This is the useful information shared by the author for the benefit of those who are in constant moving on the main highways which pass through toll plazas. In Hyderabad too there are much use to this FASTag as the out ring road is having so many toll plazas at every exit or entry points and one has to spend lots of time for the entry or exit. By having FASTag facility, lots of time is saved and the journey would be hassle free. But what I suggest that these tags must be available at all the toll plazas so that those who are ignorant of its use and benefits can start using the same then and there onward.
Do I need to open an account with Axis or ICICI Bank for this purpose or can these banks issue Fastag by just depositing the required documents and fee?
This is helpful. The only question is, what is KYC as mentioned in the documents required section?