Bank of Maharashtra FASTag Recharge
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Bank of Maharashtra FASTag: Online Recharge Process, fees, other FAQs
What is Bank of Maharashtra Fastag?
Bank of Maharashtra FASTag is a new-age contactless toll collection method. FASTag is a compact reloadable card that enables automatic deduction of toll charges while driving through toll plazas. FASTag facilitates cashless transactions and keeps the toll plazas decongested.
How does Bank of Maharashtra Fastag work?
Bank of Maharashtra FASTags are linked to the customers’ prepaid accounts/e-wallets. After activation, the card is affixed to the vehicle’s windscreen. The tag readers at the toll plazas employ Radio Frequency Identification (RFID) technology to read the information from the tag. When the vehicle drives through the dedicated FASTag lanes at the toll plaza, their linked prepaid accounts/e-wallets are automatically debited with the applicable toll charges.
What are the features/benefits of Bank of Maharashtra FASTags?
- Once the tag is operational, the windscreen is applied to bring it into line to an easy journey over national and state roads with the RFID technology.
- The tag has a 5-year duration. Following that, the user has to reload it as required.
- FasTag's environmental benefits include reducing air pollution, minimizing paper consumption, sending SMS alerts when the toll fee is paid, or when the balance is low, etc.
- FasTag's social advantage is fewer payment problems and improves road management.
- Fastag's economic advantages include fewer administration efforts at the toll plaza, centralized surveillance, and less cash.
- 2.5% of all FASTag payments up to 31 March 2020. Cashback
- Easy online reload/top-up facility
- You can refill it 24 hours a day by credit card, debit card, and net bank.
- For every category, make and model of vehicle, FASTag is applicable.
What are the fees/charges for Bank of Maharashtra FASTag?
Issuance charges of the Bank of Maharashtra tag are INR150, across all vehicle categories, inclusive of all applicable taxes. Other Charges are mentioned in the table:
- Goods and Service Tax (GST) will be levied on all the prescribed fees & charges at the applicable rates.
- Convenience fee will be applicable for online recharge
- Charges mentioned above are subject to change. Please visit www.bankofMaharashtra.com for the latest charges
| Vehicle Class | Description | Tag Deposit (Rs.) | Threshold Amount (Rs.) |
|---|---|---|---|
| 1 | Car/Jeep/Van | 200.00 | 200.00 |
| 2 | Light Commercial vehicle 2 -axle | 300.00 | 140.00 |
| 3 | Bus 2-axle | 400.00 | 300.00 |
| 4 | Bus 3-axle | 400.00 | 300.00 |
| 5 | Mini-Bus | 400.00 | 300.00 |
| 6 | Truck 2 - axle | 400.00 | 300.00 |
| 7 | Truck 3 - axle | 500.00 | 300.00 |
| 8 | Truck 4 - axle | 500.00 | 300.00 |
| 9 | Truck 5 - axle | 500.00 | 300.00 |
| 10 | Truck 6 - axle | 500.00 | 300.00 |
| 11 | Truck Multi axle ( 7 and above) | 500.00 | 300.00 |
| 12 | Earth Moving Machinery | 500.00 | 300.00 |
| 13 | Heavy Construction machinery | 500.00 | 300.00 |
| 14 | Tata Ace and Similar mini Light Commercial Vehicle | 200.00 | 100.00 |
How to recharge Airtel Bank FASTag Using Park +?
Park+ offers you a quick and convenient way of recharging Bank of Maharashtra FASTag in just two simple steps - Enter the registration number of your vehicle. Park+ will match the bank name i.e Bank of Maharashtra with your vehicle’s FASTag - Enter the amount of recharge and click ‘Pay’.
Benefits of using Park+ FASTag recharge
- Park + FASTag recharge is available both on their app and website, hence very convenient for use on the go.
- FASTag bought through Park + can also be used at fuel pumps, society gates, corporate gates, and parking lots
- Park+ also enables cashless parking at select parking spots in the country.
- You can also check your tag balance on the Park+ app or website