FASTag charges include an initial issuance fee and a refundable security deposit. These one-time costs ensure a swift and efficient electronic toll collection experience, reducing travel time and enhancing convenience for motorists.
Why you need a FASTag for your new car
Purchasing a new car is an exciting venture filled with numerous preparations and paperwork. One critical aspect that new car owners must consider is obtaining a FASTag.
With the Indian government making FASTag mandatory for all vehicles passing through toll plazas, it is essential to understand how to acquire and use FASTag for your new car efficiently.
Now, recharging your FASTag is easier than ever with the Bajaj Finserv BBPS Platform. The Bajaj Finserv BBPS Platform simplifies the FASTag recharge process and offers several advantages. Some prominent advantages are:
- Enhanced security: The BBPS platform ensures encrypted and secure payment gateways, safeguarding your sensitive information during the process.
- Instant receipts: With BBPS, you receive instant payment confirmation and digital receipts, helping you keep track of your payments effortlessly.
- Multiple payment options: The BBPS platform offers a choice of payment options including net banking, credit/debit cards, and UPI.
Where to purchase FASTag for your new car
Obtaining a FASTag for a new car is a straightforward process that can significantly enhance your driving experience, making toll payments hassle-free and fast. Here is how you can secure a FASTag for your new vehicle:
- Visit an official issuer: FASTags are issued by certified banks and digital payment platforms like Paytm. You can apply for a FASTag online through these platforms or by visiting the nearest bank branch.
- Required documents: To apply for a FASTag, you will need to submit the vehicle's registration certificate (RC), a passport-size photograph of the vehicle owner, and KYC documents.
- Online application: For convenience, most issuers offer an online application process. Visit the issuer's website, fill in the required details, upload documents, and your FASTag will be dispatched to your address.
- Dealer purchase: Often, new cars come with a pre-activated FASTag. Dealerships have started including FASTag as part of the vehicle's initial setup for ease of the customers.
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You can read more about How to activate a FASTag here.
FASTag charges for new car
The charges for acquiring a FASTag for a new car generally include a tag issuance fee, a refundable security deposit, and the first recharge amount that goes into your FASTag account. While the issuance fee is nominal, the security deposit and initial balance can vary depending on the vehicle class and the issuing bank. It is important to check the specific charges with your chosen FASTag provider.
Advantages of using FASTag
Here are the advantages of using FASTag.
- Reduced toll plaza delays: FASTag uses Radio Frequency Identification (RFID) technology to automatically deduct toll charges, eliminating the need to stop cash transactions.
- SMS alerts: Receive instant SMS alerts on your registered mobile number for all transactions and low balance warnings.
- Online recharge: Easily recharge your FASTag online through credit/debit cards, net banking, or UPI.
- Transaction history: You can track your toll payments and check the balance through the issuer's online portal or mobile app.
Online transaction charges
When using platforms like the Bajaj Finserv BBPS for FASTag recharge or any other digital payment service, be aware that a convenience fee of up to 2% may be charged, depending on the transaction amount and payment mode. This fee, inclusive of applicable taxes, is for the convenience and security of online transactions.
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Frequently asked questions
The cost includes a nominal tag issuance fee (around Rs. 100), a refundable security deposit, which varies based on the vehicle type (for cars, it is typically around Rs.. 200-400, and the initial balance you need to load into your FASTag account.
Yes, FASTag has become mandatory for all new cars registered post-December 1, 2017. It ensures seamless travel through toll plazas across national highways.
Many new cars come pre-fitted with a FASTag as part of the dealership package. However, if your new car does not have one, you can easily purchase a FASTag from authorised banks, toll plazas, or online platforms.
To set up FASTag on your new car, purchase the tag from an authorised provider, link it to your vehicle's registration number, and activate it by submitting required documents like your ID proof, vehicle RC, and completing the KYC process.
You cannot use FASTag without registration. It must be linked to your vehicle's registration number and activated to function properly. Registration ensures the tag is linked to your account for automatic toll payments and prevents misuse.
Yes, you can get FASTag immediately by visiting authorized banks, toll plazas, or online platforms. Many banks and service providers offer instant issuance and activation services, allowing you to start using FASTag almost immediately after purchase.
To get a FASTag for your new car, you will typically need the following documents:
- Vehicle Registration Certificate (RC): A copy of your car’s registration certificate.
- Identity proof: A valid ID proof such as Aadhaar card, PAN card, passport, or driving license.
- Address proof: Proof of address, which can be the same as your ID proof if it includes your address, or a separate document like a utility bill or rental agreement.
- Passport-sized photograph: A recent passport-sized photograph of the vehicle owner.
Yes, you can get a FASTag instantly for your new car. Many banks and authorized FASTag issuers offer instant issuance of FASTags at their branches, point-of-sale locations, and toll plazas. You can also apply online through the issuer’s website or mobile app, and the FASTag will be delivered to your address. Some car dealerships also provide FASTags at the time of vehicle purchase.
The cost of getting a FASTag for a new car generally includes the following components:
- Tag issuance fee: A one-time fee for issuing the FASTag, which varies by issuer but is usually around Rs. 100 to Rs. 200.
- Security deposit: A refundable deposit, typically ranging from Rs. 200 to Rs. 400, depending on the vehicle category.
- Minimum balance: An initial minimum balance that needs to be maintained in the FASTag account, usually around Rs. 100 to Rs. 200.
The total cost can vary slightly based on the issuer and any promotional offers they might have.
