Say goodbye to long queues at toll plazas in India with FASTag, the electronic toll collection system. But before you make the switch, it's crucial to understand the associated costs.
FASTag has two types of fees: a refundable security deposit (varying between banks) and a non-refundable convenience fee (around 1-1.5% per transaction).
While the convenience fee may seem small, it can accumulate for frequent travelers. Knowing these charges will help you manage your finances and avoid unexpected expenses.
Fees Associated with FASTag
Here are the fees related to FASTag in India:
Cost of FASTag
The cost of a FASTag in India can vary depending on the issuer, but it is usually between Rs. 100 to Rs. 150. However, some banks and issuers may offer discounts or promotions, so it's worth shopping around before purchasing.
Refundable Security Deposit
When you purchase a FASTag, you must also pay a refundable security deposit. Depending on the issuer, this deposit can range from Rs. 200 to Rs. 400. You'll get the deposit back when you return the FASTag.
To use a FASTag, you'll need to recharge it with a certain amount of money. The minimum recharge amount varies by issuer, but it is typically around Rs. 100. It's important to keep your FASTag account topped up to ensure smooth toll transactions.
When you use a FASTag to pay a toll, you'll be charged a small convenience fee in addition to the toll amount. This fee is typically around 1% of the toll amount but can vary by issuer. Some banks may offer waivers or discounts on this fee.
Penalty for Non-Use or Misuse
If you don't use your FASTag for a prolonged period, you may be charged a penalty fee. You may also face penalties and fines if you misuse your FASTag or use it on a vehicle other than the one it was registered for.
Using a FASTag in India can offer a convenient and hassle-free way to pay highway tolls. While some costs and fees are associated with FASTag usage, they are relatively minor compared to the time and effort saved by avoiding cash transactions at toll booths.
Keep your account topped up and use your FASTag responsibly to avoid penalties or fees.
Understanding the cost and fees associated with FASTag usage in India is crucial to avoid unexpected charges.
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Visit the Park+ website or download the app to learn more about FASTag and how you can simplify your driving experience. Recharge your FASTag now by visiting the FASTag recharge webpage on Park+.
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