The FASTag from Karur Vysya Bank (KVB) is an RFID-enabled tag that assists electronic toll collecting at toll plazas. It is a small rechargeable card that allows automated toll deduction without stopping at toll booths. FASTags are provided as part of the National Highway Authority of India's (NHAI) scheme for the National Electronic Toll Collection (NETC) on Indian roadways.
KVB FASTag saves time and fuel by allowing toll payment without stopping while travelling on the road. RFID tag scanners read the card, and fees are automatically deducted from the connected prepaid accounts.
Customers of Karur Vysya Bank may manage their online FASTag account easily. Through KVB FASTag login, they may examine their account activity, recharges, and current balance.
Park+ is helpful for speedy recharges for KVB FASTag clients. Their webpage and app make it possible to recharge with only two clicks while on the go.
KVB FASTag subscribers receive quick SMS and e-mail notifications for each and every toll-related activity on their registered cellphone numbers. This comprises account balance alerts, recharges, payment history, etc.
Through its special corporate module, KVB offers its valued corporate clients an auto sweep-in wallet feature. This includes both transportation companies and fleet owners. According to the client's needs, the sweep-in cash is automatically moved from his current account to his KVB FASTag account.
When registering for a KVB FASTag, the customer must follow the bank's KYC norms. The bank will link the client's account to FASTag only if the necessary KYC papers are submitted. The necessary documents are:
A limit of Rs 1 Lakh has been set by the bank in the KVB FASTag (prepaid) account at any given moment. However, there really is no monthly recharge limit.
KYB FASTag can be purchased online (through the website) or offline (via point of sale (POS) bank branches.
It is quite evident that a KVB FASTag can make a vehicle owner's life on a highway much easier as it makes the whole process of toll-paying a lot less cumbersome as compared to the traditional way of toll payment.