FASTag, the new RFID Auto payment system which was introduced last year is now mandatory for everyone from December 1st. This tag will make collecting toll money a lot easier and faster.
FASTag: Buy Online and Recharge using HDFC, ICICI and Federal Bank
FASTag was introduced last year by the Transportation Minister, Mr Nitin Gadkari. It is an RFID based tag that will allow you to drive through the toll plaza without stopping the cash transaction. FASTag is linked to a prepaid account that deducts the appropriate toll amount. The tag uses technology for Radio Frequency Identification (RFID) and is attached to the windscreen of the vehicle after the tag account is active.
Using this FASTag, a user can save up to 2.5% on the toll tax as cashback for using this service.
How to obtain a FASTag?
FASTag is easily obtainable. There are various methods you can use to obtain these tags. These tags can be purchased Offline and Online.
For Offline, one can quickly get one from Oil Stations like Bharat Oil, Bharat Petroleum and official Bank Branches of SBI, HDFC, ICICI and Axis Bank. All you need is a personal verification document like the Driver’s License, PAN card, etc. and the most important the Registration certificate of the vehicle.
For Online, you can buy them using PayTM or any of the Online as mentioned earlier Bank Portals by uploading the appropriate documents. All you have to do is pay the cost of the FASTag which is Rs. 200.
The cost of the FASTag is Rs. 200, Reissuance fee of Rs 100 and Refundable security deposit of Rs 200.
How to use FASTag
FASTag is meant to be stuck on the front windshield of the car, so the overhead scanners of the tollbooth can scan it. One can install the FASTag application to recharge the wallet or add it to the bank account to make it even faster for making payments.
FASTag is an absolute innovation under the Digital India Scheme to make road jams more or less a thing of the past.