Are you considering SBI FASTag or IDBI Bank FASTag? Making an informed choice is essential.
In this article, we'll compare the two leading FASTag providers, highlighting their fees, recharge options, toll exemptions, auto-debit features, customer support, and more.
Whether you're a frequent traveller or a first-time user, understanding the similarities and differences between these FASTags will help you make the right decision.
How Do SBI FASTag and IDBI Bank FASTag Function?
Both SBI FASTag and IDBI Bank FASTag function using Radio Frequency Identification (RFID) technology, which enables seamless toll collection and cashless transactions.
It consists of an electronic chip and an antenna embedded in a small tag. The tag is affixed to your vehicle's windshield, allowing for easy detection and communication with the toll plaza infrastructure.
Here's a detailed explanation of how they work:
- Tag Identification: As your vehicle approaches a toll plaza equipped with RFID readers, the system detects the unique identification code stored in your FASTag.
This code is linked to your account details, including vehicle information and prepaid balance.
- Wireless Communication: The RFID reader at the toll plaza sends out a radio signal that activates the RFID chip in your FASTag.
The chip then transmits the encoded information to the reader, establishing a wireless communication link.
- Transaction Processing: Once the reader receives the information from your FASTag, it verifies the authenticity and validity of the tag.
It then deducts the appropriate toll amount from your prepaid balance associated with your bank account or wallet linked to the FASTag.
- Real-Time Updates: The transaction details, including the deducted toll amount and remaining balance, are instantly recorded and updated in your account.
This allows you to monitor your expenses and balance conveniently.
Advantages of SBI FASTag and IDBI Bank FASTag
SBI FASTag and IDBI Bank FASTag provide several advantages that make them convenient for toll payments. Let's explore these advantages:
SBI FASTag offers a 50% toll exemption for senior citizens and persons with disabilities.
IDBI Bank FASTag does not provide this toll exemption benefit.
Both FASTags offer the convenience of cashless payments, faster transit, and online recharge options.
Documents Required for Applying SBI FASTag or IDBI Bank FASTag
When applying for SBI FASTag or IDBI Bank FASTag, you must provide certain documents as part of the Know Your Customer (KYC) process.
These documents verify your identity and vehicle ownership. Let's take a closer look at the required documents for both FASTags:
SBI FASTag
To apply for SBI FASTag, you will need the following documents:
Vehicle Registration Certificate (RC): This document serves as proof of vehicle ownership and provides details such as the vehicle's registration number, chassis number, and engine number.
Valid ID Proof: You need to submit a valid identification document, such as a PAN card, Aadhaar card, passport, voter ID card, or driving license. This document verifies your identity.
Passport-Size Photograph: You are required to provide a recent passport-size photograph of yourself. The photograph should meet the specified dimensions and quality requirements.
IDBI Bank FASTag
Similar to SBI FASTag, IDBI Bank FASTag also requires the following KYC documents for the application process:
Vehicle Registration Certificate (RC): This document establishes your vehicle ownership and contains important details related to your vehicle.
Valid ID Proof: You need to provide a valid identification document, such as a PAN card, Aadhaar card, passport, voter ID card, or driving license. This document verifies your identity.
Passport-Size Photograph: You are required to submit a recent passport-size photograph that meets the specified dimensions and quality standards.
Charges for SBI FASTag and IDBI Bank FASTag
When it comes to the charges for SBI FASTag and IDBI Bank FASTag, there are some differences to consider.
SBI charges a tag issue fee of ?200 for FASTag issuance.
IDBI Bank charges ?500 for FASTag issuance.
By considering the charges associated with each FASTag, you can make an informed decision that aligns with your budget and requirements.
Recharge your SBI FASTag or IDBI Bank FASTag with Park+
Recharging your SBI FASTag or IDBI Bank FASTag is a simple and convenient process with Park+.
Download the Park+ App: Start by downloading the Park+ app on your smartphone.
Add FASTag Details: Once logged in to the Park+ app, navigate to the FASTag section and select "Add FASTag."
Recharge Your FASTag: After adding your FASTag details, you can proceed to recharge your FASTag.
Enjoy the Benefits: Once the recharge is successful, the amount will be credited to your FASTag account, and you can enjoy uninterrupted toll payments on your journeys.
Conclusion
When choosing between SBI FASTag and IDBI Bank FASTag, evaluating your specific requirements is crucial.
While both offer the convenience of cashless transactions, online recharge options, and 24/7 customer support, there are key differences to consider. SBI FASTag provides a 50% toll exemption for senior citizens and persons with disabilities.
To make an informed decision, ensure the FASTag is accepted at your preferred toll plazas and carefully read the terms and conditions. Download the Park+ app to recharge your FASTag easily and stay updated on your toll expenses.