In the era of digital payments, FASTag has revolutionised toll collection in India by offering a seamless cashless experience at toll plazas.
IndusInd Bank FASTag and SBI FASTag are two top players in this domain, providing users with a convenient way to pay toll charges and breeze through toll plazas without the hassle of carrying cash.
Here, we will comprehensively compare the features, benefits, fees, recharge options, customer support, and network coverage of IndusInd Bank FASTag and SBI FASTag, assisting you in making an informed decision.
Features and Benefits of FASTag
IndusInd Bank FASTag and SBI FASTag offer a range of features and benefits that make them attractive options for electronic toll collection. These include:
Contactless toll collection: Automatic deduction of toll charges as vehicles pass through toll plazas, eliminating the need for cash transactions.
Instant SMS alerts: Real-time updates on toll transactions, low balance, and other important account-related events, ensuring users stay informed about FASTag usage.
Environmental advantages: FASTag promotes eco-friendly practices by reducing air pollution and paper consumption associated with cash transactions and paper receipts.
Expedited travel: By using FASTag, users can avoid long queues at toll plazas, saving time and fuel by utilising dedicated FASTag lanes.
Online account management: Access user-friendly online portals or mobile apps to check balances and transaction history and manage account details conveniently.
Issuance Charges and Fees
IndusInd Bank FASTag and SBI FASTag charge an issuance fee of INR 100 across all vehicle categories.
However, it is important to note that security deposits and minimum balance requirements may vary depending on the vehicle class.
- IndusInd Bank's FASTag system offers vehicle classes ranging from cars to heavy machinery. Each class has a specific description, minimum recharge amount, and refundable security deposit.
Recharge amounts range from ?150 to ?300, while security deposits range from ?200 to ?500, depending on the vehicle class.
- Similarly, SBI Bank's FASTag system offers distinct vehicle classes. The minimum balance can vary from 0 to ?300, and the security amount is usually ?400.
Both IndusInd Bank and SBI offer multiple convenient recharge options to ensure users can easily top up their FASTag accounts.
IndusInd Bank and SBI Bank FASTag have partnered with Park+, a digital parking solutions provider, to offer a seamless recharge experience through their app or website.
Recharge your FASTag effortlessly with Park+:
Enter your vehicle registration number.
Choose the bank name.
Enter the recharge amount.
Simple and convenient.
IndusInd Bank and SBI prioritise customer support to ensure a smooth experience for their FASTag users.
IndusInd Bank provides a dedicated customer care helpline at 1860 210 8887, where users can seek assistance for any queries or concerns related to their FASTag accounts.
SBI also offers reliable helpline services at 1800 11 0018, with knowledgeable representatives ready to address customer inquiries.
The effectiveness of FASTag relies on its interoperability across toll plazas. Both IndusInd Bank and SBI have extensive networks, with their FASTags accepted at numerous toll plazas across the country.
SBI FASTag operates at approximately 500 toll plazas nationwide.
IndusInd Bank FASTag at nearly 400 toll plazas nationwide.
While both IndusInd Bank and SBI have wide network coverage, ensuring that the toll plazas you frequently encounter are included in their networks is important.
User Experience and Additional Services
Apart from the core features, user experience plays a vital role in determining the effectiveness of a FASTag service.
IndusInd Bank and SBI strive to provide user-friendly interfaces, making it easy for users to navigate through their online portals or mobile apps.
Both banks offer detailed transaction histories, allowing users to track their toll payments effectively.
Promotional Offers and Cashback
IndusInd Bank and SBI periodically introduce promotional offers and cashback schemes to incentivise FASTag usage.
These offers can include discounted toll rates, cashback on toll payments, or exclusive benefits for using their respective FASTag services.
You should keep an eye on the banks' websites or promotional communication to take advantage of these offers and maximise your savings.
Make your Choice with Park+
IndusInd Bank FASTag and SBI FASTag are both reliable and popular options for electronic toll collection in India. Both banks offer contactless toll payments, easy recharge options, extensive network coverage, and robust customer support.
Choosing between the two depends on factors such as personal preferences, network coverage in your region, recharge convenience, and availability of additional services like cashless parking.
However, if you value the added convenience of cashless parking options, we recommend considering using the Park+ App in conjunction with either IndusInd Bank FASTag or SBI FASTag.
By downloading the Park+ app, you can enjoy the benefits of quick and convenient toll payments while gaining access to a wide selection of parking options at various locations. So, get the app today!