2019 - Page 3 of 3 -

If you had an option to zoom through a toll plaza without having to wait impatiently behind dozens of other vehicles, wouldn’t you become ecstatic at the idea? Thanks to FASTag, driving on national and state highways has become a hassle-free experience. Simply getting this tag attached to your vehicle lets you pass through a toll booth without having to fumble for change, as the amount automatically gets deducted from your prepaid account. This is the beauty of this Radio Frequency Identification (RFID) technology, which once activated, enables the toll booth to recognize the vehicle and apply charges accordingly.What are the features of FASTag?The one-time joining fee and re-issuance fee of the tag is fixed at a low amount of INR 100, including GST chargesDepending on the category of vehicle, a security deposit ranging from INR 200-500 is requiredTo get the FASTag attached, simply approach the nearest IndusInd Bank branch with your KYC documents (original as well as photocopies), passport size photographs, and vehicle documents such as Registration Certificate. Remember: FASTag is issued separately for each vehicle, regardless of ownershipThe FASTag is attached to the front windscreen of the vehicle. It is valid for a period of five years, after which you can apply for re-issuanceOnce your FASTag is activated, you can recharge anytime, anywhere through Net Banking, Credit or Debit CardsCurrently, the FASTag facility is available at more than 360 toll booths and plazas across National and State Highways, with more being added every dayWhat are the benefits of using FASTag?You will receive SMS alerts, notifying you of the toll booth you passed and the amount deducted. Such alerts are also sent when your prepaid account balance runs lowYou will have a seamless digital payment experience: no more fumbling for cash every time you driveUp to 31st March 2019, toll payments made using FASTag are eligible for a cashback of up to five percentYou can conveniently recharge onlineYou will save on fuel charges and time as waiting periods get reduced dramaticallyCentralized monitoring and better management of highways benefit everyone in the long runEnvironmentally too, the FASTag scores high. Smooth traffic management brings down air pollution, and digital payments reduce paper usage and hence, save treesClick here to read more about how FASTag has made everyone’s life easy.FASTag is increasingly transforming the way people drive in India. Apply for FASTag today and experience its myriad benefits.Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.Share This:

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Yearly Archives: 2019

Features and Benefits of FASTag

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