Road Transport and Highways Minister Nitin Gadkari has announced that FASTags will become mandatory for all vehicles, private and commercial, from 1 December 2019.
According to an Economic Times report, vehicles without FASTags will have to cough up twice the normal rate at toll gates.
Therefore, it’s important that you get one fast for your vehicle if you don’t have it already.
a) Self-Activation: FASTags are ‘bank-neutral’, that is, no bank is pre-assigned to the FASTag at the time you purchase it from a POS terminal or online platform. The online FASTag is based on the concept of DIY (Do-It-Yourself) where you can self-activate it by entering vehicle details in the ‘My FASTag’ mobile app. Android smartphone users can download the My FASTag app from ‘Google Play Store’ and iPhone users can download the app from ‘Apple Store’.Thereafter, you have the flexibility to link the FASTag with any one of your existing bank accounts by using the My FASTag Mobile app. The NHAI (National Highways Authority of India) Prepaid wallet facility is also available in My FASTag mobile app, where you can load money and get your toll fee deducted from the prepaid wallet instead of getting it directly deducted from a bank account.
b) Activate by visiting certified bank branch: You can also buy FASTag by visiting the nearest certified bank branch and get the FASTag linked with your existing bank account.
Detailed list of certified banks providing FASTags
|S. No.||Issuing Bank||Customer Care Helpline No|
|4||State Bank of India||1800-11-0018|
|6||Karur Vysya Bank||1800-102-1916|
|7||EQUITAS Small Finance Bank||1800-419-1996|
|8||PayTM Payments Bank Ltd||1800-102-6480|
|9||Box of Mahindra Bank||1800-419-6606|
|12||South Indian Bank||1800-425-1809|
|13||Punjab National Bank||080-67295310|
|14||Punjab & Maharashtra Co-op Bank||1800-223-993|
|16||Fino Payments Bank||1860-266-3466|
|17||City Union Bank||1800-2587200|
|18||Bank of Baroda||1800-1034568|
|22||Nagpur Nagarik Sahakari Bank Ltd||1800-2667183|
At the time of activation, you need to submit the KYC (Know Your Customer) documentation as per the KYC policy of the bank. Apart from the KYC documentation, you need to submit Registration Certificate (RC) of the vehicle along with the application for FASTag to the bank.
The top up charges may vary from bank to bank and this difference can be seen on respective banks’ website.
Abhijeet Sehgal, CEO, 1Pay, a- Mumbai based digital payment solutions firm, said that these charges may vary if you buy the FASTag online because the person who is the seller has also added cost of delivery which by default you need to pay if you are posting your products on amazon. “Amazon’s 20 percent commission is also added to the cost hence it is expensive then the normal rate when you buy online,” he added.
Points to note
You cannot use one FASTag with two or more vehicles, you will have to buy two separate FASTags for the two vehicles and so on.
As per the IHMCL website, “If you reside within a range of 10 km from the toll plaza, you can avail a concession on toll to be paid via your FASTag. In such a case, you need to submit the required documents – proof of residence at the bank, nearest POS location to validate that your residential address is within 10 km of a particular toll plaza. Once the address is verified, you can avail a concession on the toll paid via FASTag assigned to your vehicle.”