How to do Canara Bank FASTag Recharge Online?

byMehak BaglaLast Updated: March 13, 2024
Canara Bank FASTag Recharge

The FASTag is an easy-to-use, reloadable tag meant to promote cashless payments of toll tax at the plazas across the Indian National Highway. The FASTag allows the drivers of four-wheelers to pass through the toll booth without having to stop and/or make cash payments. This helps them save a lot of time, fuel and keeps them away from the burden of carrying cash, among multiple other benefits of having a FASTag.

FASTag makes use of the RFID (Radio Frequency) technology to enable a seamless travel experience for the drivers of all four-wheeled vehicles through the Indian National Highway. Using FASTag offers multiple benefits, such as it saves a lot of time and effort for the user by eliminating long queues at toll plazas. Additionally, travelers can use a single wallet for tolls, fuel expenses, vehicle parking expenses, or shopping, etc. while also making the benefit of various offers and discounts by recharging their FASTag on Paytm. On top of this, the use of FASTag is also beneficial for the environment as it reduces the use of paper and fuel.

The FASTag is linked to the user’s prepaid account, such as a Paytm wallet, and is then fixed to the windscreen of his/her vehicle. As the user passes through the toll gate, the toll amount is automatically debited from the user’s prepaid account or a Paytm wallet linked to the FASTag. The user will be informed of the charges and provide an automated grievance redressal mechanism on the Paytm app itself.

Canara FASTag Recharge- Steps to Follow

Follow these simple steps to recharge your Canara Bank FASTag on Paytm-

  • Open the Paytm mobile application
  • You can either-
    • Visit the ‘Recharge’ section and click on ‘FASTag’; or
    • Select the ‘FASTag’ option on the homepage; or
    • Search for the ‘FASTag recharge’ option
  • Select ‘Canara Bank’, which is your FASTag issuer bank
  • Enter your vehicle registration number
  • Click on the ‘Proceed’ option and enter the amount that you wish to recharge for
  • Select the mode of payment out of Debit Card, Credit Card, Net Banking, Paytm wallet, and/or UPI
Recharge any FASTag on Paytm

Why Buy Paytm FASTag Over any other FASTag?

Unlike other banks that require you to recharge your FASTag every now and then, Paytm only requires its users to add money to their Paytm wallet in order to process FASTag transactions. If you link your FASTag to your Paytm wallet, the toll tax amount will directly be deducted from your Paytm wallet as and when you cross a toll booth.

To link your FASTag to your Paytm wallet, you will have to provide your wallet ID, vehicle number, RFID number, email address, mobile number.

Using the Paytm wallet for your FASTag-related transactions will make it easier for you as you won’t have to recharge your FASTag again and again. All you need is a balance in your Paytm wallet and the toll tax amount would directly be deducted from your wallet as and when you cross a toll plaza.

Having a single Paytm wallet for multiple needs will help you manage your balances and keep a detailed track of all your travel-related expenses, whether fuel, purchases at departmental stores, or expenses made at toll plazas.

Why is FASTag Mandatory?

If you own a four-wheeler and don’t have a FASTag yet, then you should be prepared to pay double the toll tax at every toll plaza that you cross on the Indian national highway. Since 16 February 2021, the Indian government has made it mandatory for all four-wheeled vehicles to have a FASTag stuck to their windshield. This was done to promote fee payment through digital means, reduced waiting time for travelers, lesser fuel consumption, and offer a seamless passage across the national highway in the country.

The road transport and highway ministry stated that all the lanes in the toll plazas shall be declared as ‘FASTag lane of the toll plaza’ with effect from midnight of 15-16 February 2021. After the said date, any vehicle that enters the FASTag lane without a FASTag or with an invalid FASTag will be liable to pay twice the applicable fee at the toll plaza.

If you still don’t have a FASTag for your four-wheeler, then here’s how to register for a FASTag for your vehicle.

Additionally, before registering for a FASTag, you should take a look at the documents that you’d need to submit. The Government of India has instructed the National Highway Authority of India to convert all the toll lanes to FASTag lanes, thereby making the FASTag facility an omnipresent facility across all the Indian highways.

FAQs

How can I recharge my FASTag?

You can recharge/add money to your FASTag account using the mobile application of your linked prepaid wallet or FASTag issuer bank. You can also recharge your FASTag at the nearest bank branch or at any toll plaza.

Can I recharge my Canara Bank FASTag on Paytm?

Yes, you can recharge your Canara Bank FASTag on Paytm by following a few simple steps. All you need to do is look for the 'FASTag Recharge' option on the Paytm mobile application, select 'Canara Bank' as your FASTag issuer, enter the recharge amount and proceed by making the payment.

Is it possible to recharge FASTag at a toll plaza?

No, it is not possible to recharge your FASTag at a toll plaza. Your FASTag must be recharged through a prepaid wallet or mobile banking application before you cross a toll plaza. If there is less or no balance in your FASTag account, you will have to pay double the toll tax amount.

Why should I use Paytm FASTag?

FASTag allows the seamless automatic payment of tolls without any manual intervention. Using FASTag offers multiple benefits, such as it saves a lot of time and effort for the user by eliminating long queues at toll plazas. Additionally, travelers can use a single wallet for tolls, fuel expenses, vehicle parking expenses, or shopping, etc. while also making the benefit of various offers and discounts by recharging their FASTag on Paytm. On top of this, the use of FASTag is also beneficial for the environment as it reduces the use of paper and fuel.

Is it mandatory to use FASTag?

Yes. Since 16 February 2021, the Government of India has made it mandatory for users to have FASTag installed on their four-wheeler vehicles. Without having the FASTag, the user will have to pay double the toll amount.

Can I use my Paytm account for FASTag?

If you have linked your FASTag to your Paytm account, you can have multiple benefits in comparison to using any other platform for your FASTag account. Firstly, if you use Paytm for your FASTag transactions, you wouldn't need to specifically check your FASTag balance or recharge your FASTag account. All you need is to have a balance in your Paytm wallet. Unlike other digital wallets, Paytm does not require you to recharge your FASTag account every now and then. All you need is some balance in your Paytm wallet and the toll tax amount will automatically be deducted from your wallet as and when you cross a toll plaza.

Related News

NHAI to Implement GPS-Based Toll Collection System, Replacing Existing Toll Plazas

The National Highways Authority of India (NHAI) is preparing to implement GPS-based toll collection systems by March 2024, aiming to replace existing toll plazas. Pilot testing of the technology will start on select highways. The GPS-toll collection system tracks a vehicle's movements and calculates toll charges based on the distance covered, offering a more equitable approach compared to fixed tolls. It also eliminates the need for cash or change, as the toll amount is automatically deducted from a linked account using a secure electronic payment system. This initiative aims to alleviate traffic congestion and enhance the accuracy of toll collection.
News Post: January 22, 2024

Incomplete KYC FASTags to Be Deactivated After January 31, 2024

Starting from January 31, 2024, FASTags with incomplete KYC will be deactivated by banks, according to the National Highways Authority of India (NHAI). NHAI has introduced the 'One Vehicle, One FASTag' initiative to improve the efficiency of the electronic toll collection system and facilitate smoother movement at toll plazas. This initiative discourages the use of a single FASTag for multiple vehicles or linking multiple FASTags to one vehicle. NHAI is urging FASTag users to complete the KYC process as per RBI guidelines by updating their latest FASTag. Users must ensure that their latest FASTag has completed KYC to avoid any inconvenience. Previous FASTags should be discarded, and only the latest one will remain active after January 31, 2024.
News Post: January 18, 2024

Paytm Bank Introduces FASTag Payments for Chennai Airport Parking

Paytm, has launched FASTag payments for parking at Chennai International Airport. In collaboration with Olympia Group, Paytm Payments Bank Ltd now offers this service to customers at the airport facility. By using radio-frequency identification (RFID) stickers on vehicles, parking charges will be automatically deducted from the user's Paytm Payments Bank Wallet or linked bank account with a FASTag. Paytm Payments Bank has already issued over 1.8 crore FASTags and has implemented similar services at Dehradun, Pune, and Indore airports.
News Post: January 18, 2024

You May Also Like