Top 3 FASTag Providers in India

Top 3 FASTag Providers in India

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Top 3 FASTag Providers in India

Hello Friends,

As you all know that FASTag is now compulsory for All of us now and A good knowledge about fastag is really important before getting one for yourself,

so in this post, we are going to learn about the top 3 FasTag providers in India and also learn about their services to understand which one is good for you,

but first let’s start with the basics.

What is FASTag?

Basically FASTag is a simple to use and reloadable Tag, Which enables automatic deduction of toll charges using Radio Frequency technology,

That lets you pass toll plazas without stopping to pay toll in cash.

And the FASTag has Linked to a prepaid account from which the toll plaza deducts the applicable toll amount,

And FASTag is truly a perfect solution for a Hassel free trip on highways.

Why FASTag?

So basically to reduce vehicular traffic at various toll plazas, the government of India has mandated all toll plazas to make toll payment electrical,

And because of this, all vehicles traveling through toll plazas will have to pay toll charges using FASTag only.

How many Toll plaza using FASTag technology?

Right now around 407 toll plazas across national and State highways,

And more toll plazas will be bought under the FASTag program in the Future.


So these are some of the important features of FASTag and why it’s made mandatory at the first place in India,

Now let’s talk about Top Three FASTag Providers in India:-

1. ICICI FASTag:-

ICICI bank is one of the best FASTag Providers in India right now and their service starts from only Rs. 99.12 (Including GST) as a joining fee,

And they provide so many options to recharge your FASTag and also for one time tag deposit amount.

Let’s have a look on the Charges of ICICI bank for One-time Tag Deposit Amount:-

Tag Class Description Tag Colour Tag Deposit Threshold amount
4 Car / Jeep / Van Violet 200 200
4 TATA Ace and similar mini Light Commercial Vehicle Violet 200 100
5 Light Commercial Vehicle / Mini Bus Orange 300 140
6 Bus 3 Axle Yellow 400 300
6 Truck 3 Axle Yellow 500 300
7 Bus 2 Axle / Truck 2 Axle Green 400 300
12 Tractor / Tractor with trailer / Truck 4/ 5/ 6 Axle Pink 500 300
15 Truck 7 Axle and above Blue 500 300
16 Earth Moving / Heavy Construction Machinery Black 500 300

Now let’s see Online Recharge Options Of Icici Bank FasTag Service:-

Available Options Funds upload time Convenience fee#
ICICI Bank CIB and RIB Real-time Free
UPI Real-time Free
Debit Card Real-time 0.2% to 0.85% (basis the transaction value)*
Credit Card Real-time 1.8% of transaction value*
Internet Banking Real-time 1% to 1.65% (basis the transaction value)*
NEFT As per the NEFT cycle
  • CUG wallet recharge: Free or NEFT/RTGS charged as levied by the source bank
  • Tag wallet recharge: Rs.15 per transaction for Tag level recharge
Cheque ICICI Bank: T+1
Other Bank: T + 4
T = time or date of a transaction initiated
Free

(Source)

To do online recharge of FASTag using ICICI bank you need to follow these steps:-

1. Visit the ICICI bank FASTag page by clicking here.

2. Enter your username and password.

3. Go to the payments option and select the Recharge Account option.

4. Select Tag wallet Recharge and select the payment method as per your convenience.

5. And your Recharge will be done after the successful payment of selected amount.

So this was ICICI bank FASTag service and I hope you understood all Important things now about ICICI FASTag.


2. SBI FASTag:-

Just like ICICI FASTag, SBI also offers fastag service to its customers and according to the official website of sbi,

there is a cashback offer also running until March 31, 2020

and under this offer, you will get 2.5% of cashback on all Toll transactions using SBI fasTag.

The Charges are As Follows for Sbi FasTag Service:-

Sr. No. Vehicle Class No. Particulars Security Amount Minimum Balance
1 4 Car / Jeep / Van/ Tata Ace and similar mini light commercial vehicle 200 100
2 5 Light Commercial Vehicle 300 140
3 6 Three Axle Commercial Vehicles 400 300
4 7 Bus/Truck 400 300
5 12 4 to 6 axle 400 300
6 15 7 or More Axle 400 300
7 16 Heavy Construction Machinery (HCM)/Earth Moving Equipment (EME) 400 300

(Source)

How to get SBI FASTag?

Any SBI account holder can get SBI FASTag easily.

They divided their FASTag customers into Two parts:-

1. Limited KYC Holder’s Account:-

Under this account option, a copy of RC of your vehicle, ID and address proof and photo of customer needed and the account limit on this type of FASTag Account is 10000Rs. Monthly.

2. Full KYC Holder’s Account:-

Under this account, sbi needs all the above documents and also the original documents for verification purposes and the limit of this type of FASTag Account is 1 Lakh R.s Monthly

So this was SBI FASTag service. To know more about it and to get yourself a FASTag of SBI, Click Here.

3. AXIS Bank FASTag:-

so at the 3rd spot, we have AXIS Bank FASTag service and this is also a very good option for you if you are looking for a good FasTag provider to get yourself a FasTag at your doorstep without much Trouble,

Lets see the Charges and Insurance Fees of AXIS bank FasTag Service:-

Particulars

Amount (INR)

Tag Issuance fee (one time)

0/- (inclusive of taxes) *Free FASTag limited period offer

Reissuance Fees

100/- (inclusive of taxes)

Security Deposit

 

200/- (inclusive of taxes)

These Insurance and Security Deposit amounts are fully Refundable once you close your FasTag Account.

Vehicle Class Vehicle Class Description Threshold amount
4 Car / Jeep / Van 160
4 Tata Ace and Similar mini Light Commercial Vehicle 160
5 Light commercial vehicle 2-axle/ Mini Bus 250
6 Bus 3-axle 500
6 Truck 3-axle 500
7 Bus 2-axle / Mini-Bus 350
7 Truck 2-axle 350
12 Tractor / Tractor with trailer 550
12 Truck 4-axle 550
12 Truck 5-axle 550
12 Truck 6-axle 550
15 Truck 7-axle and above 650
16 Earth Moving / Heavy Construction Machine 550

(Source)

Simply Click Here To Get yourself an AXIS bank FasTag right Away.

Conclusion:-

So These are Top 3 FASTag Providers in India.

I hope you all now fully understood about FasTag and its uses in the real world and how it’s making our Life easy while traveling on Highways.

if you have any kind of question regarding Fastag then do let me know in the COMMENTS below.

Also Read:-

FASTag is Compulsory Now || Check How To Get Yourself A FASTag At Your DoorStep !!

 


Frequently Asked Questions About FASTag.

1.What Is FASTag?

Top 3 FASTag Providers in India

So, Basically FASTag is a simple to use and reloadable Tag, Which enables automatic deduction of toll charges using Radio Frequency technology,
That let’s you pass toll plazas without stopping to pay toll in cash.
And the FASTag is Linked to a prepaid account from which the toll plaza deducts the applicable toll amount,
And FASTag is truly a perfect solution for a Hassel free trip on highways.

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