What is the FASTag wallet limit for my FASTag account?

It is essential to differentiate between your FASTag wallet, tag account, and linked bank account:

• FASTag Wallet: This is a prepaid wallet that you load with funds to pay toll charges. It operates independently of your bank account.
• Tag Account: This refers to your overall FASTag account, which includes your wallet and other details like vehicle information and transaction history.
• Linked Bank Account: In some cases, FASTag payments are directly debited from your linked bank account instead of a prepaid wallet. However, this depends on your issuer's configuration.

Understanding these distinctions ensures you use your FASTag account efficiently and avoid confusion during transactions.

Exceeding your FASTag wallet limit can result in temporary restrictions on your account. Here is what you need to know:

• Payments Declined: If your wallet balance exceeds the cap, toll payments may be declined until you bring the balance within the permissible range.
• Recharge Restrictions: You may be unable to add funds to your wallet if you have already reached the recharge or balance cap.
• Account Suspension: In rare cases, repeated violations of wallet limits may lead to temporary suspension of your FASTag account.

To avoid such issues, it is advisable to monitor your wallet balance regularly and adhere to the prescribed limits.

A FASTag account operates with three key financial parameters: wallet limit, monthly/annual recharge limit, and balance cap. Here is how they differ:

1. Wallet Limit:
   This is the maximum balance you can hold in your FASTag wallet. It is determined by your KYC status—minimum KYC accounts typically have lower limits than full KYC accounts.
2. Monthly/Annual Recharge Limit:
   This refers to the total amount you can recharge in a given period. For instance, a minimum KYC FASTag account may have a monthly recharge cap of Rs. 10,000, while a full KYC account may allow higher limits.
3. Balance Cap:
   This is the maximum amount that can be maintained in your FASTag wallet at any time. For example, a full KYC account may have a balance cap of Rs. 1,00,000, while a minimum KYC account may have a lower cap.

Understanding these distinctions helps you manage your FASTag account effectively, ensuring you stay within permissible limits.