South Indian Bank FASTag Recharge
What is South Indian Bank Fastag?
South Indian Bank FASTag is a new-age contactless toll collection method. SIB 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 operated by the National Highways Authority of India. The South Indian bank FASTag online service facilitates cashless transactions, helps do a FASTag balance check for Bank 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 under the National Electronic Toll Collection program and supports such websites offering FASTag services, it bears no responsibility for issuing the FASTag. Other parties like banks then operate the FASTag services, IHMCL, Paytm, and Park+ as their websites handle FASTag issuing.
How does South Indian Bank FASTag work?
South Indian Bank FASTags are linked to the customer's 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 introduced by the National Payments Corporation of India (NPCI) 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 documents are required While Applying For South Indian Bank FASTag?
- You need to submit the following documents (both scanned and original) while applying for your vehicle's RFID tag:-
- A duly filled and signed South Indian Bank FASTag application form
- Passport-size photograph of the vehicle owner
- Registration Certificate (RC) of the vehicle
- Know your customer (KYC) documents
What are the features/benefits of South Indian Bank FASTags?
- Once the tag is operational, it is applied to the windscreen for paying the toll, entitling drivers to an easy journey over the national and state roads as they pass through the tolls.
- The tag has a 5-year duration. Following that, the user has to reload it as required.
- SIB FASTag enables discounted fuel payments at select petrol pumps like HPCL.
- FASTag's environmental benefits include reducing air pollution, minimizing paper consumption, sending SMS alerts on registered mobile numbers, for toll deductions, low remaining balance, combined toll and fuel e-statements, etc.
- FASTag's social advantage is fewer payment problems and improved road management.
- FASTag's economic advantages include more occasional administration efforts at the toll plaza, centralized surveillance, and less cash.
- Accessible online reload/top-up facility.
- SIB FASTag provides plenty of recharge options like a credit card, debit card, or net banking for FASTag recharge anytime and anywhere.
- For every category, make, and model of vehicle, you can check the SIB for FASTag availability.
What are the fees/charges for South Indian Bank FASTag?
The South Indian Bank tag issuance charges are ₹ 100 across all vehicle categories, including all applicable taxes. Other Charges are mentioned in the table:
| Vehicle Class | SECURITY DEPOSIT* IN INR | THRESHOLD AMOUNT IN INR |
|---|---|---|
| Class 4 (Car/jeep/van/mini LCV) | 200 | 100 |
| Class 5(LCV) | 300 | 140 |
| Class 6 (3 Axle Bus) | 400 | 300 |
| Class 6 (3 Axle Truck) | 400 | 300 |
| Class 7 (2 axle Bus/truck/mini bus) | 400 | 300 |
| Class 12 (tractor/tractor with trailer) | 500 | 300 |
| Class 12 (4 to 6 Axle) | 500 | 300 |
| Class 15 (7 or more axle) | 500 | 300 |
| Class 16 (Heavy construction machinery/ Earth Moving equipment) | 500 | 300 |
- Security amount is refundable when the RFID Tag account is closed.
- Threshold amount is the minimum balance to be maintained in your FASTag account
How to recharge South Indian Bank FASTag Using Park +?
Park+ offers a quick and convenient way of recharging the FASTag by SIB online in just two simple steps. Here are the steps for FASTag SIB 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., South Indian Bank, with your vehicle's FASTag
- Once your FASTag account is validated, enter your desired recharge amount and click to Pay.
Benefits of using Park+ FASTag recharge
- SIB FASTag recharge portal is available for the recharge process on both the Park+ app and website, allowing users easy and quick access to other services like checking the remaining balance in their FASTag, etc.
- South Indian Bank 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 the benefit of cashless parking at select parking spots in the country, further adding to the benefits of availing their services.
- You can also conduct a South Indian bank FASTag balance check via the Park+ app or website.
How to activate South Indian Bank FASTag?
The tag is automatically activated once you create your SIB FASTag online recharge account by providing your KYC documents like your Pan card and vehicle details. An online FASTag portal allows you the benefit of an online SIB FASTag balance check. Having a South Indian Bank FASTag Recharge portal reduces your physical and mental hours without the frustration of scrolling your way to the FASTag South Indian Bank login on your phone screens!