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 on Paytm app / website-

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

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

If you are a KYC-verified user on Paytm or any other mobile banking application, you would only need to submit your vehicle’s Registration Certificate (RC) and nothing else to get your FASTag.

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.

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.