If you're looking for a hassle-free toll-payment experience that saves you time and offers cashless transactions, you've come to the right place. Here, we'll explore the features, benefits, and key differences between SBI FASTag and Kotak Mahindra Bank FASTag. Whether you're a frequent traveller or a first-time user, join us as we delve into the world of electronic toll collection and discover the unique offerings of these two leading banks.
A FASTag is an electronic toll collection system used in India. It is a sticker or tag that is affixed to the windscreen of a vehicle for automatic deduction of toll charges. The term "FASTag" stands for "Fast, All Electronic Toll Collection."
FASTag uses Radio Frequency Identification (RFID) technology to enable contactless and cashless transactions. When a vehicle with a FASTag drives through a toll plaza, the tag is scanned by the toll plaza's RFID reader, and the applicable toll amount is deducted from the linked account.
SBI FASTag enables cashless toll payment by eliminating the need for cash. Toll charges are automatically deducted from the linked prepaid or savings account, providing a convenient and hassle-free transaction experience.
SBI FASTags are accepted at 346 plus toll plazas on national highways, with plans to add more toll plazas under the NETC program.
With SBI FASTag, you can save time and fuel by enjoying quick travel through toll plazas. The automatic toll charge deduction allows you to bypass long queues.
Users of SBI FASTag receive instant SMS notifications on their registered mobile numbers.
SBI FASTag comes with unlimited validity and a 3-year guarantee. If the tag gets damaged or tampered with, it can be replaced at an additional cost.
Karur Vysya Bank FASTag utilizes RFID technology to facilitate electronic toll collection at toll plazas. It enables automatic deduction of toll charges without the need to stop at toll plazas.
KVB FASTag helps save time and fuel by allowing toll payment without stopping. The tag readers scan the card using RFID technology, and payments are auto-debited from the linked prepaid accounts.
Karur Vysya Bank customers can manage their FASTag online, accessing features such as viewing transaction history, recharges, and account balance through the FASTag customer web portal.
Users of KVB FASTag receive instant SMS and email alerts for every toll-related transaction, including updates on account balances, recharges, and transaction history.
KVB provides its corporate customers with an auto Sweep-in Wallet facility under its exclusive corporate module, benefiting transport operators and fleet owners.
FASTags can get blacklisted due to various reasons. Here are some potential causes based on the earlier provided information:
Insufficient Balance: One common reason for FASTag blacklisting is having an insufficient balance in the linked prepaid account or savings account. When the toll charges cannot be deducted from the account, the FASTag may get blacklisted temporarily until the balance is replenished.
Tampering or Damage: If a FASTag is tampered with or damaged, it may be blacklisted to prevent misuse or fraudulent activities. In such cases, the tag is deactivated, and the user is typically required to obtain a replacement tag at an additional cost.
Incorrect Tag Placement: FASTags are required to be affixed properly on the vehicle's windshield as per the prescribed guidelines. If the tag is not correctly placed or if it obstructs readability, it may lead to issues with toll collection and result in blacklisting.
Violation of Terms and Conditions: Blacklisting can occur if the FASTag user violates the terms and conditions set by the issuing bank or the National Electronic Toll Collection (NETC) program. This may include actions like unauthorized transfer or misuse of the tag, non-payment of toll charges, or non-compliance with the regulations.
Making an informed decision about the right FASTag provider is crucial for a seamless and convenient toll payment experience. In this comparison between SBI Bank FASTag and Kotak Mahindra Bank FASTag, we have explored their features, benefits, and differences. However, if you're looking for a comprehensive solution, we highly recommend downloading the Park+ app.
With Park+, you not only access a user-friendly platform for managing your FASTag account but also a range of additional services tailored for car owners. Download the Park+ app today!