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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, Paytm, Park+ as their websites bear FASTag issuing.
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.
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:
|NPCI Vehicle Class||Description||Tag Color||Tag Deposit||Threshold amount|
|4||Car / Jeep / Van||Violet||200||200|
|4||Tata Ace and Similar mini Light Commercial Vehicle||Violet||200||200|
|5||Light Commercial vehicle 2-axle||Orange||300||200|
|7||Bus 2-axle / Mini-Bus||Green||400||300|
|12||Tractor / Tractor with trailer||Pink||500||300|
|15||Truck 7-axle and above||Blue||500||300|
|16||Earth Moving / Heavy Construction Machinery||Black||500||300|
*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.
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 vehicle’s FASTag. - Once your FASTag account is validated, enter your desired recharge amount and click ‘Pay’.
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!