How to Do EQUITAS Small Finance Bank FASTag Recharge Online?

byMehak BaglaLast Updated: April 16, 2024
Equitas Small Finance Bank FASTag Recharge

FASTag is an efficient device that allows for automatic toll tax deduction at various toll plazas. By recharging your FASTag online, you can ensure a hassle-free and cashless experience during your journeys. We will walk you through the simple steps of recharging your EQUITAS Small Finance Bank FASTag using the online platform.

How to Recharge EQUITAS Bank FASTag on Paytm?

Step 1: Open the Paytm mobile application.

Step 2: On the homepage, you have two options:

a) Select the ‘FASTag Recharge’ option.

b) Search for the ‘FASTag recharge’ option.

Step 3: Choose ‘EQUITAS Small Finance Bank’ as your FASTag issuer bank.

Step 4: Enter your vehicle registration number.

Step 5: Click on the ‘Proceed’ option.

Step 6: Enter the amount you wish to recharge for.

Step 7: Select the mode of payment from Debit Card, Credit Card, Net Banking, Paytm UPI

Alternatively, you can also click here to do your EQUITAS Small Finance Bank FASTag recharge, enter your vehicle number and proceed with the recharge.

Why Buy Paytm FASTag Over Any Other FASTag?

There are numerous reasons to prefer Paytm FASTag over other options available in the market. Some key advantages include the quick and efficient process of purchasing a Paytm HDFC FASTag, which only requires a few minutes of your time and the provision of essential information such as your PAN number, vehicle’s RC, and engine number. Additionally, Paytm offers the convenience of making payments through Paytm UPI. 

Another significant benefit is the option to automate the reloading of your FASTag account whenever it reaches a predetermined threshold set by you. Moreover, opting for Paytm HDFC FASTag can also provide access to various deals and discounts, further enhancing its value. With Paytm’s reputation for trustworthiness, you can rely on their excellent service while ensuring the safety and security of your personal information and data, protecting you from any potential malicious or fraudulent activities.

Why is FASTag Mandatory?

If you own a four-wheeler and don’t have a FASTag yet, you should be prepared to pay double the toll tax at every toll plaza 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, reduce waiting time for travellers, lower 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 fee 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

To summarize, if you don’t have a FASTag for your four-wheeler yet, it’s important to get one soon. Registering for a FASTag is a simple process that will make your highway travel much smoother. The government has mandated the conversion of toll lanes into FASTag lanes, meaning FASTag is now widely available and necessary for hassle-free journeys. Not only does it make toll payments easier, but it also helps reduce traffic congestion and promotes cashless transactions. So, don’t wait any longer – get a FASTag today and enjoy the convenience it brings to your travels across India’s highways.

FAQs

Why should I choose Paytm FASTag over other options?

Paytm FASTag offers many advantages. It has a quick and easy purchasing process, accepts Paytm UPI for payments, and can automatically reload when the balance is low. Paytm also provides deals and discounts, making it a cost-effective choice. With Paytm's trusted reputation, you can be confident that your personal information is safe.

Why is FASTag mandatory?

FASTag is mandatory for all four-wheeled vehicles in India since February 16, 2021. This rule encourages digital fee payments, reduces waiting time at toll plazas, saves fuel, and ensures smooth travel on national highways. Vehicles without a valid FASTag or entering the FASTag lane will have to pay double the toll fee.

How do I register for a FASTag for my vehicle?

Registering for a FASTag is simple. Follow the guidelines provided by the specific FASTag issuer bank. Typically, you'll need to submit necessary documents like your PAN number, vehicle's RC, and engine number. You can register online or at designated centres. Once registered, your FASTag will be delivered to your address and can be easily affixed to your vehicle's windshield.

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