FASTag Statement: What is it and How to Download it?

FASTag is a reloadable, simple-to-use tag that is meant to be affixed on the windscreen of a four-wheeled vehicle. The FASTag allows the drivers of four-wheelers to pass through the toll plazas without having to stop and pay the toll tax fee in cash across the Indian National highway.

Bonus Read: How you should Stick the FASTag on your Vehicle?

The use of FASTag was made mandatory from 16 February 2021 by the Government of India in order to promote the digitalization of the economy. Along with this, the users/commuters can also benefit from the FASTag in multiple ways in terms of saving time and effort by eliminating the need to stand in long queues for hours. Users can use a single wallet for traveling overall tolls across the country, meeting fuel expenses, parking expenses, or shopping, etc. while also making the benefit of various offers and discounts by recharging their FASTag on mobile applications like Paytm.

Why should I Buy the FASTag?

The major thought that most users/regular commuters across the national highway have in their mind is that why should they buy the FASTag. To answer that, let’s take a look at multiple benefits of FASTag before we move on to learn more about the FASTag statement-

  • Using the FASTag technology, you will not have to lower the speed of your vehicle at the toll plazas. Since you can keep moving at the toll gates, without having to stop, your fuel and your time will be saved

  • Since the traffic does not have to stop or slow down, there is almost no congestion or traffic jam at the toll plazas

  • Traveling from one city/state to another by road comes across a lot of toll plazas. With the use of FASTag, you can enjoy the benefit of electronic payment, and a completely hassle-free driving experience throughout your journey; leaving the FASTag to take care of all your toll payments

  • FASTag also makes it easier for you to keep a track of all your toll expenses. If you use Paytm to make your FASTag payments, you will receive regular in-app notifications and SMSs every time you make a payment through FASTag. Moreover, you can also track your expenses in your Paytm passbook

  • The FASTag facility benefits the environment in the long run, as it reduces the use of paper and fuel

  • Regular travelers can apply to convert their monthly, regular passes into FASTag passes. There is an online application procedure for corporates and fleet owners to do the same

  • While various other digital wallets let you recharge your FASTag on your mobile phone in a matter of minutes; Paytm does not require you to do that either. 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

  • Upon linking your FASTag account with the Paytm mobile application, you will be automatically notified of all the transactions and toll deductions. This will help you keep a track of the money that you have spent at toll plazas during your travel

  • A FASTag has a validity of 5 years

  • Registering for a FASTag involves a simple, and quick process

Learn more about the benefits of FASTag and why you should buy it.

What is a FASTag Statement?

When you make regular online payments, it might become difficult for you to track the amount and frequency of toll tax payments that you would have made. To keep track of such transactions, you need a FASTag statement.

A FASTag statement shows you the detailed list of transactions that you would have made across the toll plazas. The entire amount deducted from your linked prepaid wallet, and the specific toll booth where the payment was made, along with the time when the amount was deducted will all be listed in the FASTag statement in detail.

How to Download a FASTag Statement?

It is important for the users to keep a regular check on their FASTag statement so that they are aware of their regular travel (toll tax) expenses. Explained below are the steps of how you can download your FASTag statement-

  • Login to your FASTag account and then visit the ‘Bank Portal’ section

  • In this section, you will see a window where a list of all the banks will be visible. From this list, you will have to select your bank

  • On the next screen that appears, you will have to enter your registered mobile number and your password

  • If, in case, you have forgotten the password of your FASTag account, you can click on ‘Forgot Password’ and generate a new password by entering the OTP sent on your registered mobile number

  • Next, you need to fill the Captcha and click on ‘Sign in’

  • This will open your FASTag account and your FASTag statement will be visible on the screen

  • Your FASTag statement will show all your details like your Name, registered email id, No. of your Tag, monthly limit, your current FASTag balance, and total lending and debit limit on your FASTag

  • Right next to the ‘Total Debit Limit’ you can find all the previous transactions made on your FASTag

  • From here, you can easily download your FASTag statement

Alternatively, you can also follow these steps to see your FASTag statement-

  • After logging in to your FASTag account, click on the ‘Menu button’ at the top of the screen to check your FASTag transaction history

  • When you click on the ‘Menu button’ you can find two different fields namely, ‘To’ and ‘From’

  • In these fields, you need to enter the details between which you want to check your transaction history

  • Furthermore, after you enter the specific dates, you can find two details- ‘Toll Transactions’ and ‘Recharge Details’

  • Click on ‘Toll Transactions’ and then click on ‘Submit’ to see your FASTag statement

Using Paytm Wallet for FASTag Transactions

Once your FASTag registration is complete, your FASTag account will be created. You can link your FASTag to your Paytm wallet and you will be good to go. To link your FASTag to your Paytm wallet, you will have to provide your wallet ID, vehicle number, RFID number, email address, mobile number.

Additionally, you can use the same FASTag for multiple vehicles, if you own any. 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.

FAQs
What is a FASTag statement?
A FASTag statement shows you the detailed list of transactions that you would have made across the toll plazas. The entire amount deducted from your linked prepaid wallet, and the specific toll booth where the payment was made, along with the time when the amount was deducted will all be listed in the FASTag statement in detail.
How to stick FASTag?
To stick the FASTag on your four-wheeler, you must first remove the white adhesive liner from the sticker. Behind the rearview mirror, on the top middle of the windshield, stick the FASTag from the inside of the vehicle. Remember to keep the adhesive side of the FASTag sticker facing outside. Now, press on the sticker gently.
What are the documents required for FASTag registration?
You need the following documents for FASTag registration-
  • Passport size photographs of the vehicle owner (at least 2)
  • Vehicle’s Registration Certificate (RC)
  • PAN Card
  • Other documents for verification of ID and Address
  • Driver’s License
  • Passport
  • PAN Card
  • Voter’s ID Card
  • Aadhaar Card
How can I log in to FASTag?
To log in to FASTag, you must create an account on the FASTag portal, click on ‘Retail Login’ or ‘Corporate Login’. Next, you need to click on ‘First time user’ and enter either of these details- Customer ID, RFID Number, Wallet ID, Vehicle ID. After this, all you need to do is verify your contact number through an OTP and set a password for your account.
What are the benefits of using FASTag?
The government of India has made it mandatory for all four-wheelers to install a FASTag on their vehicle. You should use FASTag as it offers multiple benefits to travelers in terms of saving time and effort by eliminating the need to stand in long queues for hours. Users can use a single wallet for traveling overall tolls across the country, meeting fuel expenses, parking expenses, or shopping, etc. while also making the benefit of various offers and discounts by recharging their FASTag on mobile applications like Paytm.
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.

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