Choosing the Right FASTag: SBI Bank vs. South Indian Bank
Are you torn between SBI Bank FASTag and South Indian Bank FASTag? We've got you covered! Explore the crucial distinctions and decide which FASTag is perfect for you. Get ready to make an informed choice!
SBI Bank FASTag and South Indian Bank FASTag function using Radio Frequency Identification (RFID) technology for electronic toll collection.
A unique identification number is assigned to your FASTag, linked to your vehicle's registration details.
When you approach a toll plaza, the RFID reader scans the tag, deducts the toll amount from your FASTag account, and allows you to pass through without needing cash transactions.
One of the significant advantages of both SBI Bank FASTag and South Indian Bank FASTag is the availability of the auto-debit feature. You can conveniently set up a recurring payment arrangement for your FASTag account by opting for auto-debit.
This ensures that your account always has sufficient balance to pay tolls automatically. It eliminates manual top-ups and provides a seamless toll payment experience during your journeys.
Both SBI Bank FASTag and South Indian Bank FASTag prioritise the security of your FASTag account. They incorporate various security features to protect your account information and prevent unauthorised access. These security features include:
RFID technology: RFID (Radio Frequency Identification) technology is used to read the information stored on your FASTag when you pass through a toll plaza. It enables quick and accurate identification of your vehicle and ensures a smooth toll payment process.
PIN protection: FASTags provide PIN protection, requiring you to enter a unique personal identification number (PIN) to access your FASTag account. This adds an extra layer of security and helps prevent unauthorised access to your account.
Anti-cloning technology: SBI Bank FASTag and South Indian Bank FASTag utilise anti-cloning technology. This technology prevents fraudulent duplication or cloning of your FASTag, ensuring that only the authentic tag linked to your vehicle is recognised and used for toll payments.
Another advantage of both SBI Bank FASTag and South Indian Bank FASTag is their compliance with government rules regarding toll exemption. As per Government regulations, specific categories of vehicles are exempted from paying tolls. These categories include:
Emergency vehicles
Military vehicles
Government vehicles
When applying for SBI Bank FASTag or South Indian Bank FASTag, you must provide certain documents to complete the application process. These documents include:
Vehicle Registration Certificate (RC): You must submit a copy of your vehicle's Registration Certificate (RC). This document serves as proof of ownership and provides details such as the vehicle's registration, chassis, and engine numbers.
KYC documents: To comply with Know Your Customer (KYC) regulations, you must submit valid identification documents. Accepted KYC documents typically include:
PAN Card: The Permanent Account Number (PAN) card issued by the Income Tax Department of India serves as valid identity proof.
Aadhaar Card: The Aadhaar card, issued by the Unique Identification Authority of India (UIDAI), is another accepted document for KYC purposes. It contains a unique identification number and biometric information.
Voter ID: The Voter ID card, issued by the Election Commission of India, is a valid identification document that serves as proof of identity and citizenship.
Passport-size photograph: Along with the above mentioned documents, you will be asked to provide a recent passport-size photograph. This photograph is used for identification purposes and is affixed to your FASTag application.
Tag Fee: Rs. 100 (inclusive of GST)
Security Deposit:
For cars, vans, jeeps, and light commercial vehicles (LCVs): Rs. 200
For buses, trucks, and heavy commercial vehicles (HCVs): Rs. 500
Recharge: There is no minimum or maximum limit on the amount of money you can recharge your FASTag with.
Tag Fee: Rs. 100 (inclusive of GST)
Security Deposit:
For cars, vans, jeeps, and light commercial vehicles (LCVs): Rs. 200
For buses, trucks, and heavy commercial vehicles (HCVs): Rs. 500
Recharge: There is no minimum or maximum limit on the amount of money you can recharge your FASTag with.
In conclusion, when choosing between SBI Bank FASTag and South Indian Bank FASTag, understanding the differences is crucial.
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