Understanding FASTag Fees & Charges

Below is a detailed table summarising the one-time and recurring fees associated with Bajaj Finserv FASTag:

Detailed breakdown of one-time fees

Tag issuance fee and security deposit

When you purchase a Bajaj Finserv FASTag, a one-time issuance fee of Rs. 100 is charged. Additionally, a refundable security deposit of Rs. 200 is required. This deposit ensures that the tag remains active and covers any unforeseen discrepancies in toll deductions.

Understanding minimum recharge requirements

To activate your FASTag, a minimum recharge of Rs. 100 is mandatory. This ensures that your account has sufficient balance for toll deductions from the start.

Recurring charges play a significant role in maintaining your FASTag account. Managing these costs effectively can help you avoid penalties and unnecessary expenses.

Recharge convenience fees on transactions

Bajaj Finserv FASTag users are charged a convenience fee of up to 2% on every recharge transaction. Here is a breakdown of the key points:

• This fee is calculated as a percentage of the recharge amount.
• It ensures smooth processing of online transactions.
• Opt for higher recharge amounts to reduce the frequency of convenience fees.

Penalty fees for insufficient balance

If your FASTag does not have sufficient balance and you attempt to pass through a toll plaza, you may incur a penalty. This fee varies depending on the toll plaza, and it is essential to maintain a sufficient balance to avoid such charges.

Why it matters: A low balance can disrupt your journey and result in higher costs. Setting up alerts for low balances can help you stay prepared.

Tag reissuance and replacement charges

In case your FASTag is lost, stolen, or damaged, you can request a replacement for Rs. 100. To avoid this cost, ensure that your tag is securely placed on your vehicle’s windshield and is not tampered with.

How Bajaj Finserv FASTag helps you save money

Using Bajaj Finserv FASTag not only simplifies toll payments but also offers several financial benefits:

1. Fuel savings: By reducing wait times at toll plazas, FASTag minimises fuel consumption during idling.
2. Cashback offers: Bajaj Finserv often provides cashback on toll payments, helping you save more.
3. Reduced toll wait times: With FASTag, you can bypass long queues, saving both time and money.
4. Avoidance of manual payments: Digital toll payments eliminate the risk of overcharging or errors in manual transactions.

Cashback offers and toll discounts

Bajaj Finserv FASTag users can enjoy exclusive cashback offers and toll discounts. As per the National Highways Authority of India (NHAI), users may receive up to 2.5% cashback on toll transactions, depending on the applicable terms and conditions.

Recharging your FASTag account is simple and can be done online. By following these steps, you can avoid penalties and ensure uninterrupted toll payments.

Step-by-step guide to recharging your FASTag

1. Log in to your Bajaj Finserv FASTag account using your registered mobile number.
2. Navigate to the ‘Recharge’ section.
3. Select your preferred payment method (credit card, debit card, UPI, or net banking).
4. Enter the desired recharge amount and confirm the transaction.

Setting up alerts for low balance and transactions

Enabling notifications for low balances and transaction details can help you stay updated and avoid penalties. Most FASTag platforms, including Bajaj Finserv, allow you to set up SMS or email alerts for real-time updates.

Protecting yourself from FASTag scams and fraud

With the growing popularity of FASTag, users must be vigilant against scams. Common frauds include phishing attempts and fake recharge portals.

Common FASTag scams and how to spot them

Here is a table outlining common FASTag scams and tips to avoid them: