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Sbi Bank Vs Kotak Mahindra Bank Fastag

SBI Bank vs. Kotak Mahindra Bank FASTag

Unlock the Battle of the FASTags: SBI Bank vs. Kotak Mahindra Bank. Delve into a riveting comparison of these digital road warriors, exploring their cutting-edge features, perks, and road-trip magic. Witness the clash of convenience and the race for frictionless toll payments.

SBI Bank FASTag and Kotak Mahindra FASTag are two leading electronic toll collection systems in India. These Banks offer a convenient way to pay tolls and save time during your travels. Here, we will compare the features, benefits, and charges of both FASTag services to help you make an informed decision.

How does FASTag function?

FASTag functions in a simple and user-friendly way, making your toll plaza experience smoother and more efficient. Here's how it works:

  1. Get Your FASTag: Start by obtaining your FASTag from any authorized issuing agency, such as a bank or online marketplace.

  2. Affix Your FASTag: Once you have your FASTag, affix it to the windshield of your vehicle as per the provided instructions. Make sure it is securely placed for easy scanning.

  3. Link to Your Account: Next, link your FASTag to your bank account or prepaid wallet by following the activation process provided by the issuer. This step ensures seamless toll payment.

  4. Load Your Account: Load funds into your FASTag account through online banking, mobile apps, or designated outlets. This prepaid account will be used for automatic toll deductions.

  5. Drive Through Toll Plazas: The dedicated FASTag lane will have an RFID reader as you approach a toll plaza. When you drive through, the reader will detect your FASTag.

  6. Automatic Payment Deduction: Once your FASTag is detected, the toll amount will be automatically deducted from your linked prepaid account. No need to stop or pay in cash.

  7. Receive Transaction Updates: After the transaction, you will receive an SMS or notification on your registered mobile number confirming the deduction and current balance.

  8. Manage Your Account: Stay in control by monitoring your FASTag account balance, transaction history, and recharge options through the issuer's website or mobile app.

Advantages of Kotak Bank FASTag

  • Cashless transactions: Kotak FASTag enables cashless transactions at toll plazas, eliminating the need for carrying cash.

  • Easy recharge: FASTags can be recharged anytime and anywhere using credit cards, debit cards, or net banking.

  • Long-term validity: The FASTag has a validity of 5 years, and after that, it can be reloaded as required.

  • Online account management: Kotak provides a customer portal for transaction tracking, downloading account statements, and managing the FASTag account online.

  • Environmental benefits: Using FASTags reduces air pollution and minimizes paper consumption at toll plazas.

  • Customer support: Customers can reach out to the helpline numbers 1800 3006 9090 (toll-free) or 1860 266 6888 (local call charges apply) for any queries or issues.

Advantages of SBI Bank FASTag

  • Cashless Payment: SBI FASTag enables cashless toll payment, eliminating the need to carry cash. The toll charges are automatically deducted from the linked prepaid account or savings account, ensuring a convenient and hassle-free transaction experience.

  • Interoperability: Currently, SBI FASTags are accepted at 346 plus toll plazas on national highways, and there are plans to add more toll plazas under the NETC program.

  • Quick Travel: With SBI FASTag, you can enjoy quick travel through toll plazas. The automatic deduction of toll charges allows you to bypass long queues, saving both time and fuel.

  • SMS Notifications: SBI FASTag users receive instant SMS notifications on their registered mobile numbers.

  • Unlimited Validity: SBI FASTag comes with unlimited validity and a 3-year guarantee. In case the tag gets damaged or tampered with, it can be replaced at an additional cost.

How can I recharge my FASTag account with Park+?

Recharging your FASTag is easy with Park+. Simply follow these steps:

  • Download and install the Park+ mobile app.

  • Create an account or log in to your existing account.

  • Link your Bank FASTag to your Park+ account.

  • Choose the recharge option and select the desired amount.

  • Complete the payment using the available payment modes.

  • The recharge amount will be credited to your Bank's FASTag account.

Get ahead with Park+ and FASTag

When choosing a FASTag provider, it's important to consider key factors such as reliability, convenience, and added benefits. SBI Bank FASTag stands out with its extensive network of toll plazas, ensuring wider coverage for commuters. On the other hand, Kotak Mahindra Bank FASTag provides a reliable and efficient solution with excellent customer service and a user-friendly interface for managing your account.

For a comprehensive and hassle-free parking experience, we recommend downloading the Park+ app. With Park+, you not only have access to information about FASTag on our website or app, but you can also discover other convenient services tailored for car owners. Read more about FASTags on Park+!