In today’s fast-moving world, where efficiency and convenience hold immense significance, FASTag has emerged as a cornerstone for the seamless payment of toll charges across India's vast network of highways. However, circumstances may prompt users to change their FASTag issuer bank, such as better customer service, lower fees, or added benefits. The question then becomes, how do I transfer my FASTag to another bank?

While the process is not as simple as transferring funds between bank accounts, it is possible with some know-how and the proper documentation.

How to change your FASTag bank

Transferring your FASTag from one bank to another involves a few critical steps. Here is what you need to do:

1. Close current FASTag account: Before transferring your FASTag to a new bank, you need to close your existing FASTag account with your current bank. This typically involves contacting customer support and following their procedure for account closure.
2. Apply for a new FASTag: Once your current FASTag account is closed, apply for a new one with your preferred bank. You can do this online through the bank’s website or mobile app.
3. Submit required documents: You must submit certain documents during the application process for KYC purposes. This could include your vehicle’s RC (Registration Certificate), a photo ID, and a passport-size photograph, among others. 
4. Link new FASTag to bank account: After receiving your new FASTag, link it to your bank account or prepaid wallet offered by your new bank to start using it.

Documents required to transfer FASTag to another bank

You should have the following documents ready for a seamless transition to a bank of your choice.

• Vehicle Registration Certificate (RC): To prove vehicle ownership.
• KYC documents: These can include your Aadhaar card, driving license, or PAN card to verify your identity.
• Photograph: A passport-size photograph may be required by some banks.
• FASTag closure confirmation: Documentation or confirmation of your previous FASTag account closure.

Why is it important to deactivate a FASTag account?

Deactivating a FASTag account is crucial for several reasons:

1. Financial security: When you deactivate your FASTag, it unlinks your bank account or digital wallet from the tag. This prevents any unauthorised use by the new owner of the vehicle, ensuring your financial information remains secure.
2. Smooth transfer of ownership: Deactivating the FASTag makes it easier for the new owner to register a new FASTag for the vehicle. This is essential for a seamless transfer of ownership, as the new owner cannot obtain a new FASTag until the existing one is deactivated.
3. Avoiding unwanted deductions: If you do not deactivate your FASTag, toll charges will continue to be deducted from your account whenever the vehicle passes through a toll plaza. This can lead to unexpected financial losses, especially if the vehicle is no longer in your possession.
4. Compliance with regulations: Deactivating your FASTag ensures compliance with regulatory requirements. It helps maintain accurate records of vehicle ownership and usage, which is important for legal and administrative purposes.

By deactivating your FASTag account, you protect yourself from potential financial risks and facilitate a smooth transition for the new vehicle owner.

Conclusion

In conclusion, transferring your FASTag to another bank is possible, albeit with a few necessary steps.

By closing your current FASTag account, applying for a new one with a chosen bank, and having the required documents, you can easily switch your FASTag issuer. This process allows you to take advantage of different banks' unique benefits and services.

It also ensures your toll payments are as convenient and efficient as possible. Remember, when managing transactions through platforms like the Bajaj Finserv BBPS platform or the Bajaj Finserv app.

• Convenience: Easily check your FASTag balance from anywhere, anytime.
• Timesaving: Avoids the need to call customer service for balance inquiries.
• Transparency: Online platforms provide a detailed view of your transactions and balances.

Conclusion

To sum it up, while the vehicle number is usually required for recharging a FASTag, there are alternative methods to ensure your account is funded.

Using the FASTag ID mobile number or contacting customer support can help bypass the need for a vehicle number.

Platforms like the Bajaj Finserv BBPS platform simplify the process, offering a user-friendly interface for managing FASTag transactions, including balance checks and recharges.