IDFC Bank and Bank of Maharashtra FASTag are innovative contactless toll collection methods that aim to streamline the payment process at toll plazas. These FASTags utilise Radio Frequency Identification (RFID) technology to enable the automatic deduction of toll charges, providing a convenient and cashless experience for commuters. Let us explore how IDFC Bank and Bank of Maharashtra FASTag work and the benefits they offer.
Prepaid Account Linking: IDFC Bank and Bank of Maharashtra FASTags are linked to the customer's prepaid accounts or e-wallets. After activation, the FASTag is affixed to the vehicle's windscreen.
RFID Technology: At toll plazas, the tag readers employ RFID technology to scan the information stored on the FASTag.
Automatic Deduction: When a vehicle equipped with IDFC Bank or Bank of Maharashtra FASTag passes through the dedicated FASTag lanes at toll plazas, the applicable toll charges are automatically deducted from the linked prepaid account or e-wallet.
Convenience and Time-saving: IDFC Bank and Bank of Maharashtra FASTag provide a seamless and efficient toll payment experience, eliminating the need for cash transactions and reducing waiting times at toll plazas.
Cashless Transactions: With these FASTags, commuters can enjoy the convenience of cashless transactions, enhancing the overall payment experience.
Reduced Congestion: By enabling swift and contactless toll payments, IDFC Bank and Bank of Maharashtra FASTag help reduce congestion at toll plazas, ensuring smooth traffic flow.
Environmentally Friendly: These FASTags contribute to environmental sustainability by reducing paper usage and promoting digital transactions.
Online Recharge Facility: Both IDFC Bank and Bank of Maharashtra FASTag offer easy online recharge options, allowing users to top up their FASTag balances using various payment methods such as credit cards, debit cards, and net banking.
Universal Applicability: IDFC Bank and Bank of Maharashtra FASTags are applicable for all categories, makes, and models of vehicles, ensuring compatibility for a wide range of commuters.
Issuance Charges: The issuance charges for IDFC Bank and Bank of Maharashtra FASTags are typically ?150, including all applicable taxes.
Tag Deposit and Threshold Amounts: Each vehicle class has specific tag deposit and threshold amounts, which may vary. It is important to refer to the respective banks' websites for the latest fee information.
IDFC Bank FASTag Recharge: Customers can recharge their IDFC Bank FASTag online through the bank's official website or mobile app. Various payment options are available, including credit cards, debit cards, net banking, and UPI.
Automatic Deduction: Bank of Maharashtra FASTag can be recharged using the Park+ app, offering a quick and convenient method. Users need to enter their vehicle's registration number and select Bank of Maharashtra as the FASTag provider. A recharge amount can be entered, and payment can be made using credit cards, debit cards, or net banking.
Ensure Sufficient Balance: Maintain an adequate balance in your FASTag account to avoid blacklisting. Regularly monitor your account balance and recharge it when necessary.
Timely Recharge: Recharge your FASTag account promptly to prevent any disruption in toll payments. Set reminders or opt for auto-recharge options to ensure a seamless experience.
Update KYC Details: Keep your Know Your Customer (KYC) details up to date. Failure to update KYC information may lead to account suspension or blacklisting. Follow the bank's instructions to provide accurate and current information.
Bank Helpline: Save the helpline number of the respective bank providing your FASTag services. In case of any issues, contact the bank's customer support for assistance. They can help resolve queries, guide recharge options, or address any other concerns.
Online Support: Check the bank's website for FAQs, troubleshooting guides, or online chat support. IDFC and Bank of Maharashtra offer dedicated portals to address customer queries and provide assistance related to FASTag services.
IDFC Bank and Bank of Maharashtra FASTag revolutionise the toll payment process by introducing contactless technology that simplifies transactions at toll plazas. As IDFC Bank and Bank of Maharashtra continue to enhance their FASTag services, it is crucial for you to stay updated. You should be aware of the latest fee structures, recharge options, and any additional features offered by the banks.
Whether you opt for IDFC Bank FASTag or Bank of Maharashtra FASTag, you can trust Park+ to simplify your journey. Enter your vehicle registration number, select your Bank, specify the recharge amount, and proceed with the payment. Download the Park+ app to gain further insights into the world of FASTag and explore additional services.