Federal Bank FASTag Recharge
What is Federal Bank FASTag?
Federal bank FASTag is a new-age contactless toll collection method. Federal bank FASTag is a compact reloadable card that enables automatic deduction of toll charges from the respective bank account attached with the FASTag on the vehicle as one drives through the national highway toll plazas. Apart from net banking, the FASTag Federal bank online service under the toll collection National Electronic Toll Collection (NETC) initiative, which provides a Federal Bank FASTag login, helps facilitate cashless transactions operational at 498 toll plazas, checking the FASTag balance, and helps keep the long queues from forming at the toll plazas.
How does Federal Bank FASTag work?
To apply for Federal Bank FASTags, customers need to link their prepaid accounts with the FASTag. In the process, they will be required to add money to their e-wallets. After activation, a FASTag sticker is affixed to your vehicle's windscreen. The tag readers at the toll plazas employ Radio Frequency Identification (RFID) technology to read the tag for the vehicle's information. When the car drives through the dedicated FASTag lanes at the toll plaza, the relevant amount will be automatically deducted from the customer's linked account.
What are the features/benefits of Federal Bank FASTags?
- Customers using a Federal Bank FASTag are not required to carry cash for toll transactions and are not obliged to collect exact change.
- Auto-debit of the precise amount via the Federal Bank FASTag allows for speedier transit through toll plazas and saves time.
- The Federal Bank FASTag can be recharged online with a credit card, debit card, or internet banking.
- For toll transactions, low balance, and other events, you will receive instant SMS alerts on your registered cellphone number.
- FASTag Online Portal for Customers, Banks, and Vendors: 5 Years of Validity
- All National Highway Toll Plazas transactions will receive a 2.5 percent cash rebate in 2019-20.
- It aids the environment by reducing air pollution and paper use.
- Reduced toll payment problems and analytics for better highway management are among the social benefits.
- Economic benefits include reduced effort in toll plaza maintenance and reduced effort in central monitoring.
What are the fees/charges for Federal Bank FASTag?
Issuance charges of the Federal Bank tag are ₹ 100, across all vehicle categories, including all applicable taxes. Other Charges are mentioned in the table:
| Vehicle Class | Vehicle Type | On-Boarding Fee (INR) | Security Deposit (INR) | Threshold Value (INR) |
|---|---|---|---|---|
| VC4 | Car or SUV or MINI LCV | 100 | 100 | 200 |
| VC5 | LCV | 100 | 100 | 200 |
| VC6 | 3 AXL Truck or Bus | 100 | 0 | 300 |
| VC7 | Bus or Truck | 100 | 0 | 300 |
| VC12 | 4 to 6 AXL Truck or Bus | 100 | 0 | 400 |
| VC15 | 7 or More AXL Truck | 100 | 0 | 500 |
| VC16 | HCM or EME like JCB | 100 | 0 | 500 |
Source:- Federal Bank website
How to recharge Federal Bank FASTag Using Park +?
Park+ offers a quick and convenient way of recharging Federal Bank FASTag in just two simple steps. Here are the steps for the Federal FASTag recharge via Park+: - Enter your vehicle registration number or car chassis number on the Park+ FASTag portal. Park+ will validate your bank FASTag name, i.e., Federal Bank, with your vehicle's FASTag. - Once your FASTag account is validated, enter your desired recharge amount and click Pay.
Benefits of using Park+ FASTag recharge
- Federal FASTag recharge portal is available for recharge on the Park+ app and website, allowing users easy and quick access to other services like checking the remaining balance in their FASTag, etc.
- FASTag bought through Park + benefits you by allowing you to use the FASTag at fuel pumps, society gates, corporate gates, and parking lots for due tax or money deduction according to the moment's need.
- With Park+, you can avail yourself cashless in parking at select parking spots in the country, further adding to the benefits of availing their services.
- You can also check your Federal bank FASTag balance via the Park+ app or website
How to activate Federal Bank FASTag?
The tag is automatically activated once you create your account for Federal FASTag online recharge by providing details like your mobile number, ID proof, and vehicle details. With an online FASTag portal, you reap the benefit of an online Federal FASTag balance check. A Federal Bank FASTag login portal reduces your physical and mental hours without the frustration of scrolling your way to the Federal bank FASTag login on your phone screens!