Quick Answer: Does FASTag Require Bank Account?

Does FASTag expire?

With the help of a FASTag, you will not have to stop your vehicle at toll plazas to pay the toll.

Moreover, these FASTags do not have any expiry date, that is, they can be used as long as they are readable at the toll plaza and are not tampered..

Can I buy FASTag at toll booth?

Besides Amazon, you can buy a FASTag from select branches of select banks like SBI, HDFC Bank, ICICI Bank, Axis Bank, etc and also through point-of-sale counters at national highway toll plazas. … After buying it, you need to activate it by entering details related to you and your vehicle in MY FASTag mobile app.

Which FASTag is better to buy?

If you have sbi saving account you can opt for sbi fastag. if you recharge sbi fastag with other banks ,they will charge extra. Paytm fastag is better in this view.

Is FASTag mandatory for old cars?

It said a notification has been issued in this regard and post amendment to rules, FASTag will be mandatory for old vehicles from January 1, 2021.

What are the requirements for FASTag?

What are the Essential Documents Needed to Apply for FASTag?Vehicle Registration Certificate.Passport size photo of the vehicle owner.KYC documents for ID and Address Proof – you can submit Driving Licence, PAN Card or Passport.More items…•

What is the minimum balance required for FASTag?

₹ 100-300FASTag Charges One has to pay certain charges to get a FASTag for a vehicle. These charges include a security deposit ranging from ₹ 200- 400, according to SBI’s FASTag website – fastag.onlinesbi.com. A FASTag holder is also required to maintain a minimum balance of ₹ 100-300 in the FASTag account.

How can I get a free FASTag?

Steps to Get FASTag for Free from Paytm App:On the Paytm App, select FASTag Option. After you have logged in, on the home page, select “FASTag & Toll” or “Get your Free FASTag now!”. … Select “Buy FASTag“ On the new page, click “Buy FASTag” .Fee Breakup:

Can we change FASTag bank?

Share. FASTag is linked to a registered Paytm Payments Bank wallet/account to facilitate instant automatic deduction of toll charges. So, if your FASTag is linked to Paytm wallet, which is connected to another bank account, then you can change the bank account and recharge the wallet from the new bank account.

Is FASTag free of cost?

Road users can visit any authorised point-of-sale location with a valid registration certificate (RC) of the vehicle and get an NHAI FASTag free of cost. … The government has rolled out the FASTag-based toll collection system across more than 527 national highways in the country.

Is FASTag mandatory for private cars?

FASTags will become mandatory for all vehicles, private and commercial, from December 15. Not only that, owners of vehicles without FASTags will have to cough up twice the normal rate at toll gates. ET Online tell you how you can get a FASTag for your vehicle.

Can I buy FASTag if car is not on my name?

All required documents for NETC FASTag should be in the name of the owner of the vehicle. If car owner is not present at the time of application, driver will need to submit his photo ID proof.

How can I get SBI FASTag?

You can get an SBI FASTag through the Point of Sale (POS) counters at designated toll plazas or nearby areas. You can also walk into any of SBI’s branches to get the FASTag. You need to carry supporting documents which includes your KYC documents as well as your vehicle documents.

Can we go without FASTag?

Penalty for not complying with FASTag rule Users without a FASTag will have to pay double the fees at toll plazas across national highways in the country. … The government says that vehicles are allowed to travel toll-free if FASTag machines installed at toll plaza lanes fail to scan it.

Which bank FASTag is best?

HDFC Bank – Rs 400: Rs 100 is the issuance fee. … Paytm – Rs 100: This seems to be the most generous deal to car owners. … ICICI Bank – Rs 500: The most expensive deal on this list. … SBI Bank- Rs 400 : This includes Rs 100 as issuance fee, Rs 200 as security deposit with a minimum balance of Rs 100.

Is FASTag mandatory?

As per the Central Motor Vehicles Rules, 1989, since December 1, 2017, FASTag had been made mandatory for registration of new four-wheelers. It was also mandated that the renewal of fitness certificate of a transport vehicle will be done only after the vehicle concerned has a FASTag.

Where can I get a free FASTag?

As per the Ministry of Road Transport and Highways, the vehicle owners can get FASTag for free by visiting any authorized physical point of sale locations across the country.

Can I have 2 FASTag for one car?

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.

What happens if FASTag has no balance?

Starting December 1, if you enter a FASTag-enabled lane without getting a FASTag active, you will be charged double the amount of toll fee and will have to pay by cash.

Is bank account necessary for FASTag?

FASTag can also be purchased online through e-commerce website Amazon and on Paytm. However, users must submit a copy of the vehicle’s Registration Certificate at the time of activating FASTag. KYC documents are not necessary for bank-neutral FASTags as they will be linked to an existing bank account.

Which bank gives FASTag?

NETC FASTag Live MembersSr. No.Member BanksIssuer1Airtel Payments BankYes2Allahabad BankYes3AU Small Finance BankYes4Axis Bank LtdYes23 more rows