Indian Overseas Bank FASTag Recharge

IOB or Indian Overseas Bank is to be one of the leading public sector banks in India. It is committed to providing a wide range of services and products to its customers. IOB FASTag is one of the services provided by this bank. The bank offers an online platform for customers to recharge their FASTags. This article delves into the process of IOB FASTag recharge, its features, benefits, fees, and charges.

Popular FASTag recharge banks

FASTag recharge is a feature that is available across multiple banks in India. Apart from Indian Overseas Bank (IOB), some of the banks that offer FASTag recharge services are ICICI Bank, Axis Bank, HDFC Bank, etc. All these banks have their unique features and benefits when it comes to FASTag recharge.

How to apply for IOB FASTag with vehicle number?

The process of applying for IOB FASTag is simple. Customers can apply for an IOB FASTag by visiting the bank’s website and filling out a registration form with their vehicle information, address, and KYC documents. Once the documents and payment are processed, the bank will send the customer a FASTag kit with an RFID tag and a user manual. Customers can then activate the FASTag kit by following the instructions in the user manual.

Features and benefits of using the Bajaj Finserv for IOB FASTag recharge:

  • Quick and hassle-free

    Quick and hassle-free

    With Bajaj Finserv's BBPS platform, you can pay your IOB FASTag recharge quickly and effortlessly

  • Safe and secure

    Safe and secure

    Bajaj Finserv provides a safe and secure payment platform on BBPS. Your payment details are secure with the platform’s robust security measures

  • Multiple payment options

    Multiple payment options

    Bajaj Finserv offers multiple payment options, including debit cards, credit cards, net banking, and UPI. This allows you to choose the payment method that suits you best

  • Instant confirmation

    Instant confirmation

    After making the payment, the platform immediately confirms the payment through an email and SMS

The Bajaj Finserv BBPS is a one-stop platform for all your bill payment needs.

How to make IOB Bank FASTag recharge at Bajaj Finserv

  1. 1 Click on 'DOWNLOAD APP' to open the Google Play Store
  2. 2 Login through the email ID registered with your mobile
  3. 3 Click on ‘INSTALL’
  4. 4 Open the app on your mobile phone
  5. 5 Enter your 10-digit mobile number to 'GENERATE OTP'
  6. 6 Enter the OTP and tap on 'PROCEED'
  7. 7 Under the 'BILLS AND RECHARGES' section, select 'FASTAG'
  8. 8 Choose your FASTag service provider from the drop-down menu
  9. 9 Enter your vehicle number and click on 'PROCEED'
  10. 10 Enter your recharge amount
  11. 11 Choose your preferred payment mode and complete the payment

Fees and charges

The following charges are applicable on recharges and bill payments: 

Payment

Charges (Rs.)

Payment for bills and recharges

Convenience fee up to 2% per transaction (inclusive of applicable taxes)*

Payment of rent using a credit card as a payment mode 

2% per transaction (inclusive of applicable taxes)*

Platform fee

Up to Rs. 5/- for each prepaid mobile recharge


*Convenience fee is applicable on specific payment instruments and subject to revision from time to time 

Note - For failed transactions, the total amount including charges except taxes is reversed 

How to check the IOB FASTag balance after recharging

Customers can check the balance on their IOB FASTag by logging in to their mobile app or visiting the bank’s website. The balance on the FASTag is also displayed at toll plazas when the vehicle passes through them.

Frequently asked questions

What is the per-month limit of IOB FASTag?

The per month limit for IOB FASTag is Rs. 1 lakh.

What is the customer care number of IOB FASTag?

The customer care number for IOB FASTag is 1800 425 4445.

Conclusion:

In conclusion, the BBPS platform on Bajaj Finserv is a convenient and hassle-free way to make IOB FASTag across India. Bajaj Finserv has made the process of recharging an IOB FASTag even more accessible by introducing a mobile app with numerous features and benefits.

Customers can apply for an IOB FASTag by visiting the bank’s website and submitting their vehicle information and KYC documents. The bank charges a one-time fee for issuing the FASTag kit, and there is an annual maintenance charge that is applicable. The bank also provides customers with a 24/7 customer care service for any queries or assistance required.