The present era is evolving with new and innovative technologies which help in automated tasks and effortless procedures. FASTag is a modern and contactless mode of toll collection. This method is well-appreciated by the passengers as it is hassle-free to pay the toll on any national and state highways.
The federal bank FASTag is the reloadable compact card that automates the toll deduction on highways from the linked bank associated with the FASTag account of the individual. Many features are related to FASTag services that follow all the regulations of NETC (National electronic toll collection).
FASTag Federal Bank: Overview
The Federal bank FASTag rechargeis an automated method of toll deduction by linking an individual's bank account to the FASTag. The online service of federal bank FASTag facilitates the toll collection process in a total of a 498-toll plaza with cashless and contactless transactions. It also incorporates easy login, balance inquiry, and instant recharge in the FASTag accounts.
Features Of Federal Bank FASTag:
There are several features of federal bank FASTag that make it a compatible and simplified choice for the user. FASTag helps to pay tolls quickly on long trips, and individuals can avoid unnecessary halts and long queues to pay. To name a few:
- The toll amount is auto-debited in precise and accurate value, which empowers the quick transit from the toll plaza.
- While using federal bank FASTag, an individual doesn't need to carry cash and change to pay the toll taxes.
- The online portal of FASTag federal bank is easy to use for customers, vendors, and banks and provides around five years of warranty.
- The federal bank FASTag recharge is an easy and quick process. It can be done through any debit card, credit card, or net banking option.
- For every transaction, recharge success and low balance intimation are received through SMS on the registered number of the individual.
- It processes economic growth with easy processing and minimizes efforts on toll plazas with eco-friendly efforts towards the environment.
How Does Federal Bank FASTag work?
People usually need FASTag when they travel within the state and national borders. It is necessary to get a FASTag account for quick transit in national and state toll plazas. Individuals can apply for federal bank FASTag by linking their prepaid accounts with the FASTag. For this process, a small amount must be added to the e-wallet of the prepaid account.
It takes a specific time to activate the federal bank FASTag, and after the activation, the RFID (radio frequency identification) enabled tag will be affixed to your vehicle's windscreen. The sticker provides information about the vehicle through the tag readers present on the toll plazas. According to the amount of toll, an accurate amount will be deducted from a linked bank account.
Federal Bank FASTag Charges:
The charges are distinct according to the vehicle types and taxes. The basic issuance charge of the FASTag is INR 100. These charges are according to different vehicles with the fixed security deposit amount. Below is the tabular information about these charges according to the vehicle categories.
| Vehicle type | Vehicle class | Security deposit | On-boarding fees (INR) | Threshold fee (INR) |
|---|---|---|---|---|
| SUV, Mini LCV, car | VC4 | 100 | 100 | 200 |
| LCV | VC5 | 100 | 100 | 200 |
| Bus, truck (3 AXL) | VC6 | 0 | 100 | 300 |
| Truck or bus | VC7 | 0 | 100 | 300 |
| Bus or truck (4 to 6 Axl) | VC12 | 0 | 100 | 400 |
| Truck (7+ AXL) | VC15 | 0 | 100 | 500 |
| EME or HCM (eg. JCB) | VC16 | 0 | 100 | 500 |
Conclusion:
FASTag today is a necessity for hassle-free travel across national borders. It provides you with advanced automation by linking the bank account with features like quick toll payments, easy recharge, etc. It enables automated and contactless toll payments. You can easily link your bank accounts with federal bank FASTag to enjoy long road trips avoiding the lengthy queues of toll plazas.