We will know about fastag what is this fastag? And how does it work ?, Where can you buy it and where can you use it and how do we recharge it, so let’s know.
An “Electronic Toll Collection” (ETC) system has been introduced in India by the “National Highway Authority of India” to solve the problems caused by the toll collection system at toll plazas. The Electronic Toll Collection System or Fastag Scheme was first introduced in India in 2014. Which is gradually being implemented on the toll plazas across the country. With the help of Fastag system, you will be able to get rid of the problems faced while paying toll tax in the toll plaza. With the help of Fastag, you will be able to pay your toll plaza tax in the toll plaza non-stop, you just have to put fastag on your arm. You can buy this tag from any official tag issuer, such as Paytm, all nationalized banks, etc.
Fastags will soon be made available at petrol pumps to speed up the collection of tolls on road across the country. Later, they can also be used to buy petrol and pay parking fees. Union Road Transport and Highways Minister Nitin Gadkari said, From now on Fastag will be available at petrol pumps and we plan to make it available across the country. Apart from this, there are also plans that customers can use this card to buy petrol and pay parking facilities.
What is fastag? (What is FasTag)?
The fastag is a device mounted on the glass facing the vehicle. And it has Radio Frequency Identification (RFID). As soon as your vehicle comes near the toll plaza, the sensor on the toll plaza cuts off the charges levied on that toll plaza from your fasttag account as soon as the sensor on the wind screen of your vehicle comes in contact with the fastag. Stopping there, we pay our plaza tax. This tag installed in the vehicle will start its work as soon as your prepaid account is activated. At the same time, when the amount of your Fastag account is exhausted, you will have to recharge it again. Fastag will have a validity of 5 years i.e. after 5 years you will have to install a new fastag on your car.
Benefits of FasTag
The Ministry of Roads and Transport has started the Fastag system above several toll plazas in the country to solve the problem of long line of trains and open money due to toll tax in toll plazas. With the help of Fastag, along with saving your time, your petrol or diesel will also be saved.
SMS will be facilitated
Whenever you cross a toll plaza from a vehicle with Fastag, an SMS will come to you after deducting your fee from the Fastag account. You will be informed about the amount you have been deducted from your Fastag account through SMS.
These banks will be recharged (Bank for Recharge Fastag or Electronic Toll Collection (ETC) Account)
You can recharge your Fastag account through credit card, debit card, RTGS and net banking. Fast tag account at least 100 Rs. And up to 100000 rupees can be recharged. You can open your fastag sticker and fastag account by visiting any toll plaza and agency inside any point of sale (POS). By going to the website of National Highways Authority of India, you can find the place of point of sale near you.
The bank has introduced Paytm Fastag to make it easy to pay toll charges on all highways across the country.
Talk to running car companies
Currently, Paytm Payments Bank is in talks with car companies to make Paytm Fastag available for customers purchasing new vehicles. Negotiations are also going on with car dealers for this. This includes Maruti, Hyundai, Tata, Mercedes, Renault and other car companies.
Can buy online
According to Paytm, you can buy Fastag online on the Paytm app for older vehicles. Customers using Paytm Fastag will get a cashback of 7.5% on every toll transaction. The bank expects the number of vehicles using Paytm Fastag to cross 1 million by the end of this financial year.
Documents required to take Fastag
At the time of opening a fast tag account, you will also need to submit the following documents along with a form given, which is as follows-
Vehicle Registration Certificate (RC)
Passport size photo of owner
KYC documents and address proof of the vehicle owner
By the way, let us tell you that the Ministry of Road Transport and Highways has asked all the vehicle manufacturers and auto dealers to make sure that the owner is sure to have a fast tag on the vehicles to be purchased, so now it is necessary that you fastag on your vehicle. Will have to be installed.