What is FASTag?
FASTag is a technological advancement in toll payment systems that have been adopted in India to minimise the hindrances faced by travellers while passing through toll booths. It is a reloadable tag that uses Radio Frequency Identification (RFID) technology to make toll payments directly from the customer's prepaid account with Indian Highways Management Company Ltd. (IHMCL). Customer can recharge their FASTag account using the BBPS platform on Bajaj Finance. Recharges can also be completed through Bajaj Pay for added convenience.
Digital technology that FASTag uses
The RFID technology is built into the tag that is installed on the front windshield of the vehicle. The FASTag reader scans the RFID tag as soon as the vehicle crosses the toll booth. The system then immediately deducts the toll amount from the linked prepaid account. The digital technology used by FASTag enhances the overall efficiency of the toll collection process while reducing the time spent in long queues.
How does FASTAg work
The FASTag is a simple, easy-to-use, and hassle-free payment method that eases your travel experience. To avail of this facility, all you need to do is purchase a FASTag, attach it to your front windshield, and load the tag with a minimum amount of Rs. 100. Once the tag is installed and linked to your bank account or digital wallet such as Bajaj Pay UPI, the payments can be made seamlessly. When you pass through the toll booth, the reader installed on the booth scans the barcode on the FASTag attached to your vehicle, and the payment is done automatically.
Benefits of using FASTag
FASTag has numerous benefits that make it an ultra-convenient toll payment method.
- Reduced waiting times
No need to stop and pay cash at toll gates, leading to swift passage. One can avoid queues, thus enhancing the overall efficiency of road travel. - Transparency and accountability
Users receive instant SMS alerts for each FASTag transaction which ensures a clear record of toll payments. - Fuel consumption reduction
FASTag facilitates a smoother flow of traffic, reducing the overall fuel expended during journeys. - Environmental impact
Minimises traffic congestion for a greener and more eco-friendly toll payment option. - Economical option with cashback
Users can avail a 2.5% cashback on all FASTag transactions.
Why do you need FASTag?
FASTag has now become mandatory for all vehicles crossing through toll booths across national highways or state highways. The Ministry of Road Transport and Highways (MoRTH) has made it mandatory for all new vehicles to have a FASTag installed. Moreover, the National Payment Corporation of India (NPCI) has integrated FASTag with various payment platforms, including digital wallets, cards, and Unified Payment Interfaces (UPIs). Customer can recharge their FASTag account hassle-free using the BBPS platform on Bajaj Finance.
Can we pass without FASTag?
It is mandatory for all vehicles to have a FASTag installed while passing through toll booths. Failure to comply with the mandate can result in fines of up to twice the toll fare for that specific toll plaza. Moreover, any vehicle that does not have a FASTag installed is being charged at double the applicable toll rate starting February 15, 2021.
How to recharge an existing FASTag on Bajaj Finance
- Access Bajaj Finance: Download the Bajaj Finance app or visit the Bajaj Finance website
- Go to Bills and Recharge: Navigate to the 'BILLS AND RECHARGES' section
- Select FASTag Recharge: Within 'BILLS AND RECHARGES', choose 'FASTag RECHARGE'
- Enter Details: Pick your FASTag issuer and enter your vehicle registration number. Click on 'PROCEED'.
- Complete Payment: Select your preferred payment method (credit card, debit card, net banking) and enter the details. Verify the information and click on 'PAY NOW' to complete the recharge.
How to purchase Bajaj Pay FASTag
- Bajaj Finance App and website: Download and open the Bajaj Finance app or visit the Bajaj Finance website
- Locate FASTag: Tap on 'FASTag'/’Buy FASTag’ under the 'BAJAJ PAY' section.
- Login and Enter Details: Provide your vehicle's registration number, other details and upload a copy of the Registration Certificate (RC). If details aren't fetched automatically, enter them manually.
- Delivery and Confirmation: Enter your delivery address, review the Terms and Conditions, and tap 'PROCEED' to confirm the purchase.
- Payment and Delivery: Choose your payment method and make the payment. Upon successful purchase, your FASTag will be delivered to your address within 7 days (after RC verification).
Conclusion
In conclusion, FASTag has revolutionised the toll payment system, making it an effortless and convenient payment method. The RFID technology used in FASTag has minimised waiting time and enabled seamless cashless payments. With the Government of India mandating the use of FASTag, this technology is becoming more popular day by day. At Bajaj Finance, you can recharge your FASTag using the BBPS Platform on Bajaj Finance for even more convenience. So, make sure to get your FASTag installed and avail yourself of the many benefits through this payment method.
