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.
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.
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 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|
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.
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!