How much does it Cost to Buy a FASTag?

To avoid long queues and jams at national highways across the country, the government has implemented the FASTag facility, a cashless model wherein the entire toll tax amount is collected through the FASTag. Since 16th February 2021, all four-wheelers have to mandatorily get the tag fitted on their vehicles.

The FASTag is operated by 23 different banks, which are governed by the National Payments Corporation of India (NPCI) and the National Highways Authority of India (NHAI). The FASTag facility eliminates the manual collection of the tax at toll plazas by using a Radio Frequency Identification (RFID) technology.

The idea is to facilitate electronic toll collection across the country, thereby saving people’s time and efforts in the long run. 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.

Fees and Charges for Buying a FASTag

Using Paytm, you can easily purchase your FASTag anywhere and at any time. Whether you own a private or commercial vehicle, Paytm offers both private and corporate FASTags for users.

Listed below are the detailed fees and charges for buying FASTag-

Video Category Type of vehicle Security Deposit (Refundable) Charges
Vechicle class 4 Car/Jeep/Van Nil Rs 250
Tata Ace & other Mini Light Commercial Vehicle NIL Rs 250
Vechicle class 5 Light Commercial Vehicle 2-axle Rs. 99 Re. 1
Vehicle Class 6 Bus 3- axle Rs. 99 Re. 1
Truck 3-axle Rs. 99 Re. 1
Vehicle Class 7 Bus 2-axle/ Mini-Bus Rs. 99 Re. 1
Truck 2-axle Rs. 99 Re. 1
Vehicle Class 12 Truck 6-axle Rs. 99 Re. 1
Tractor/Tractor with trailer Rs. 99 Re. 1
Truck 4-axle Rs. 99 Re. 1
Truck 5-axle Rs. 99 Re. 1
Vehicle Class 15 Truck 7-axle & above Rs. 99 Re. 1
Vehicle Class 16 Earth Moving/Heavy Construction Machinery Rs. 99 Re. 1

Apart from the above charges, FASTag buyers are required to pay the following charges against their NPCI vehicle class-

FeesAmount
Tag Issuance Fee (One-time)Rs. 100 (Rs. 84.75 + Rs. 15. 25; Fee + GST)
Tag Reissuance FeeRs. 100 (Inclusive of GST)

It is important to note that apart from the above mentioned charges, Paytm does not ask for any other additional expenses for buying FASTag from its users. However, there is a re-issuance fee of Rs. 100 that must be paid by the users for re-issuing the FASTag. Paytm does not even charge any convenience fee for adding money to your FASTag wallet or for maintaining your FASTag.

Now, that you are aware of the charges that you will have to pay to buy the FASTag, here’s how you can apply for FASTag.

FASTag Application Procedure

You can apply for FASTag using both online and offline ways. To apply for FASTag online, you must follow these steps religiously-

  • Apply for your FASTag at any issuer agency such as Paytm Payments Bank
  • Upload the required documents on the portal, as requested
  • Make the payment for your FASTag
  • Your FASTag will be delivered to your registered address in a few days

To apply for FASTag offline, you must follow these steps religiously-

  • Visit any of the POS (Point of Sale) terminals located at various toll plazas
  • Remember to carry all the required documents and their original copies when you visit a POS for verification of your FASTag application
  • The issuing agency will then verify all your documents closely before accepting your application
  • After the registration of your vehicle for FASTag, a representative from the concerned issuing agency will fix the FASTag on your vehicle’s windshield

Documents required for FASTag Registration

To apply for FASTag, individuals must present the following documents, along with their FASTag application form-

  • Registration Certificate (RC)
  • KYC documents of your vehicle
  • PAN Card
  • Identity and Address Proof (any one of the following)
    • Driver’s License
    • Valid Passport (photo of its front page and the address page)
    • Voter’s ID Card
    • Aadhaar Card (including the address)

Documents required for Corporates

To apply for FASTag, corporates must present the following documents, along with their FASTag application form-

  • Public Limited/Private Limited/Sole proprietorship
  • Certificate of Incorporation/Partnership deed/Registration Certificate of the firm/ Proprietor’s PAN Card
  • PAN Card of the corporate address proof of the proprietor (mandatory)
  • Photo ID of the signing authority under the Shop Act or any other proof of the firm
  • List of directors of the firm with names and addresses of the partners

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 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 are the charges for joining FASTag?
There are different charges for joining FASTag depending upon the type of vehicle. For light, commercial vehicles, buses, trucks, or tractors, there is a total fee of Rs. 100, out of which Rs. 99 is a refundable deposit and Re. 1 is the FASTag wallet balance. For vehicles like cars and jeeps, there is no fee to be paid. However, the users must maintain a FASTag wallet balance of Rs. 250 at all times.
Are there any additional or hidden charges for buying the FASTag from Paytm?
No, there are no hidden charges for buying the FASTag from Paytm. Paytm does not even charge any convenience fee for adding money to your FASTag wallet or for maintaining your FASTag. However, there is a re-issuance fee of Rs. 100 that must be paid by the users for re-issuing the FASTag.
How can I recharge my FASTag?
You don’t need to recharge your FASTag if you have linked it to your Paytm mobile application. For Paytm FASTag recharge, you simply need to add money to your Paytm wallet and as you pass through a FASTag-enable toll gate, the toll amount will directly be deducted from your wallet.
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.
How can I apply for FASTag online?
To apply for FASTag online, you must follow these steps-
  • Apply for your FASTag at any issuer agency such as Paytm Payments Bank
  • Upload the required documents on the portal, as requested
  • Make the payment for your FASTag
  • Your FASTag will be delivered to your registered address in a few days
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 efforts by eliminating the need to stand in long queues for hours. Users can use a single wallet for traveling overall tolls across the country, for meeting fuel expenses, vehicle parking expenses, or shopping, etc. while also making the benefit of various offers and discounts by recharging their FASTag on mobile applications like Paytm.
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