Kotak Mahindra FASTag Recharge

What is Kotak Mahindra Bank Fastag?

Kotak FASTag is a new-age contactless toll collection method. Kotak FASTag is a compact reloadable card and enables automatic deduction of toll from the respective bank account linked with the FASTag on the vehicle as one drives through the toll plazas on national highways. The Kotak bank FASTag online service facilitates cashless transactions, helps check the balance online, and helps keep the long queues from forming at the toll plazas. More importantly, it does not require the FASTag holder to travel to the bank branch for such small services. While The FASTag service is controlled and endorsed by the NETC and it endorses such websites offering FASTag services, it bears no responsibility for issuing the FASTag. The FASTag services are then operated by other parties like banks, IPHMCL & Park+ as their websites bear FASTag issuing.

How does Kotak Mahindra Bank Fastag work?

Kotak Mahindra Bank FASTags are linked to the customers prepaid accounts/e-wallets. After activation, the card is affixed to the vehicles 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 FASTag lanes at a toll plaza, their linked prepaid accounts/e-wallets are automatically debited with the applicable toll charges.

What are the features/benefits of Kotak FASTags?

1. Once the tag is operational, it is applied to the windscreen to bring it into line, entitling drivers to an easy journey over the national and state roads.
2. One can easily recharge the Kotak FASTag anytime and anywhere using a credit card/debit card, or net banking.
3. The tag has a 5-year duration. Following that, the user has to reload it as required.
4. They provide excellent service advice opinion statements to help their customers make the best choices.
5. KYC clients may recharge up to INR 1,000,000.00, while non-KYC customers can recharge up to INR 10,000.00.
6. A customer portal for transaction tracking and downloading account statements for FASTag.
7. Kotak FASTag's environmental benefits include reduced air pollution, minimized paper consumption, SMS alerts for toll deductions, low remaining balance, combined toll and fuel e-statements, etc.
8. The transaction history can be examined and utilized as needed. For any deficiency in the services, customers can either contact 1800 3006 9090 (toll-free) or they can bear local call charges which the bank doesn't control by contacting 1860 266 6888.

Kotak Mahindra Bank provides its corporate customers an auto Sweep-in Wallet facility under its exclusive corporate module. This covers both transport operators and fleet owners. The sweep-in amount is automatically transferred from the current account to the Kotak Mahindra bank FASTag customer account as per his requirement.

What are the fees/charges for Kotak Mahindra Bank FASTag?

Issuance charges of the Kotak Mahindra Bank tag are INR100, across all vehicle categories, inclusive of all applicable taxes. Other Charges are mentioned in the table:

*Security amount is refundable at the time of closure of the RFID Tag account.

• Threshold amount is the minimum balance to be maintained in your FASTag account

Please note:

1. GST applicable from time to time, will be levied on the aforementioned charges.
2. Convenience fee will be applicable for online recharge.
3. Threshold amount is the minimum recharge amount to be done at the time of tag activation.
4. The above-mentioned tag deposit rates would be applicable as per your vehicle class and will be refunded to only KYC customers at the time of FASTag account closure.
5. Toll amount will be deducted as per the applicable amount, depending on the vehicle class and the toll plaza. The charges mentioned above are subject to change.

How to recharge Kotak Mahindra Bank FASTag Using Park +?

Park+ offers you a quick and convenient way of Kotak Bank FASTag recharge in just two simple steps. Here are the steps for the FASTag Kotak recharge via Park+:

• Enter your vehicle registration number or your car chassis number on the Park+ FASTag App. Park+ will validate your bank FASTag name i.e. Kotak Mahindra Bank with your vehicles FASTag.

• Once your FASTag account is validated, enter your desired recharge amount and click Pay.

  Benefits of using Park+ FASTag recharge

• Park+ recharge for Kotak bank FASTag is available both on our 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.
• Park+ app allows you to check your Kotak Mahindra FASTag balance and make gift card balance inquiries via the Park+ app or website

How to activate Kotak Mahindra Bank FASTag?

The tag automatically gets activated once a FASTag account for Kotak Mahindra Bank FASTag online recharge is created by providing your personal and vehicle details like vehicle number, etc. which helps with online Kotak FASTag balance check. Users may also visit their nearest POS location to get the activation done but the Park+ Kotak FASTag login can help you with all the FASTag services on the go! Having a Kotak Mahindra FASTag Recharge portal reduces your hours both physically and mentally, without the frustration of scrolling your way to the Kotak Mahindra FASTag login on your phone screens!