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Blog
2 mins Read | 3 Years Ago

Benefits of Using Fastag To Pay for Your Toll

benefits-of-using-fastag

One requires a lot of patience to wait at a toll plaza, especially on long journeys taken by road. However, this problem has pretty much become non-existent with the introduction of FASTag. Crossing a toll plaza is much less time consuming and a lot easier, as it allows drivers to continue driving without requiring to patiently line up in a queue. 

What is FASTag?

With FASTag, a reloadable tag that uses Radio Frequency Identification technology (RFID), one gets the choice to opt for the automatic deduction of a toll’s charge. Cash transactions are reduced, and vehicles can easily and quickly cross tolls. A FASTag is transfixed on a vehicle’s windscreen in a manner such that a toll gate’s sensors can easily read it and employees are also able to easily notice it. 

As of now, a whopping four hundred plus toll plazas across the country have introduced FASTag, with numbers on the rise. The Government of India has made FASTag mandatory since Feb 15, 2021 for all classes of vehicles that will be using toll plazas. The programme is handled by the NPCI or the National Payment Corporation of India, and the IHMCL otherwise known as the ‘Indian Highways Management Company Limited.’

How to Get FASTag?

One can purchase their FASTag at the NETC Member Banks. NETC stands for the National Electronic Toll Collection, and these bodies charge nominal amounts for registering a FASTag to a vehicle To understand how to get FASTag You can also get FASTag online by simply logging in to the FASTag portal, creating an account and doing an online payment. When one opts to get a FASTag online or offline, they receive some refundable security attached to it. This security depends upon the vehicle that is registering to receive the FASTag. Those who own multiple vehicles are mandated to register for multiple FASTags. 

Benefits of using a FASTag:

When one opts to get a FASTag online, they often don’t think about the benefits that come with doing so. People treat it as a compulsory step towards buying or registering a new vehicle as one’s own. However, FASTag offers its users the following advantages: 

1. Lesser Wait Time At Toll

The most obvious benefit is that using FASTag is a Governmental initiative to reduce the wait time at toll plazas. This waiting time has become a relic of the past, since India went forward with the ‘Smart City’ initiative with one of its key features being ‘FASTag’. One no longer needs to scour for change, look for the exact amount to be paid and struggle to make it in time without holding back the queue behind them. With FASTag, all one has to do is stop at the toll, scan and pass through it, without any wasted time. 

2. Easy Recharge 

It's very easy to link your bank account with your FASTag Account. In this case, there is no necessity to recharge this separately. One simply needs to make sure that they have sufficient balance in their bank account to cover for their toll charge. You also have the option to link your FASTag to your NHAI wallet — a prepaid wallet that has the option to be recharged through a variety of means. You can recharge your NHAI wallet through the Debit Card/UPI, NEFT/Internet Banking or even cheque. 

3. Validity Period

Did you know that when you get your FASTag online it comes with a validity period? Not only is your waiting time reduced within lines, but you have access to this feature for quite a long time. This period lasts for <5> years. Once you set up your FASTag, you need not worry for this entire duration. All you need to do is keep your bank account running or keep your NHAI wallet charged, and you have access to the same FASTag sticker for <5> whole years. Hence, this ease-of-use feature makes FASTag very attractive as an initiative.

Purchase Fastag Online or Through Mobile App

Click here, To apply for FASTag online, and fill in your details.

Your RFID tag will be delivered for free at your doorstep.

You can also log in to ICICI Bank,

with your credentials to apply for FASTag.

Conclusion

Getting an ICICI Bank FASTag Account is a seamless process. You have the option to pay through your Credit Card, Debit Card, Internet Banking, NEFT and Retail Banking when you get the ICICI Bank FASTag Account. You even have the convenient option of recharging your ICICI Bank FASTag Account through any UPI payment app. 

 

 

DISCLAIMER

The contents of this document are meant merely for information purposes. The information contained herein is subject to updation, completion, revision, verification and amendment and the same may change materially. The information provided herein is not intended for distribution to, or use by, any person in any jurisdiction where such distribution or use would (by reason of that person‘s nationality, residence or otherwise) be contrary to law or regulation or would subject lClCl Bank or its affiliates to any licensing or registration requirements. This document is not an offer, invitation or solicitation of any kind to buy or sell any security and is not intended to create any rights or obligations. Nothing in this document is intended to constitute legal, tax, securities or investment advice, or opinion regarding the appropriateness of any investment, or a solicitation for any product or service. Please obtain professional legal, tax and other investment advice before making any investment. Any investment decisions that may be made by you shall be at your sole discretion, independent analysis and at your own evaluation of the risks involved. The use of any information set out in this document is entirely at the recipient's own risk. The information set out in this document has been prepared by ICICI Bank based upon projections which have been determined in good faith by lClCl Bank and from sources deemed reliable. There can be no assurance that such projections will prove to be accurate. lClCl Bank does not accept any responsibility for any errors whether caused by negligence or otherwise or for any loss or damage incurred by anyone in reliance on anything set out in this document. The information set out in this document has been prepared by ICICI Bank based upon projections which have been determined in good faith and sources considered reliable by lClCl Bank. In preparing this document we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us or which was otherwise reviewed by us. Past performance cannot be a guide to future performance. 'lClCl ' and the 'I-man' logo are the trademarks and property of lCICl Bank. Misuse of any intellectual property, or any other content displayed herein is strictly prohibited.

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