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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 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.
You need to submit the following documents (both scanned and original) while applying for your vehicle’s RFID tag:-
Issuance charges of the South Indian Bank tag are INR100, across all vehicle categories, inclusive of 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|
*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
Park+ offers you 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+:
The tag is automatically activated once you create your account for SIB FASTag online recharge by providing your KYC documents like your Pan card and your vehicle details. Having 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 hours both physically and mentally, without the frustration of scrolling your way to the FASTag South Indian Bank login on your phone screens!