By Forbes India| Feb 23, 2024
After the Paytm ban, wondering how to get FASTag immediately for your next road trip? We give you the details for how to get an instant FASTag
FASTag has been a recent addition in our everyday lives, designed so Radio Frequency Identification technology is used to make toll payments as your car passes by a toll plaza, hands-free and quick. Paytm is one of India's most used FASTag providers, but the recent RBI Paytm ban has caused a rush among users to deactivate Paytm FASTag before March 15—when the Paytm Payments Bank is mandated to cease operations. How do you get FASTag immediately after deactivating Paytm’s services?
In this article, we guide you through both the online and offline procedures for instant FASTags.
Follow along.
_RSS_Long story short, Paytm Payments Bank Ltd. (PPB) has had repeated run-ins with the RBI (Reserve Bank of India), and still, many regulatory compliance issues have persisted. The latest verdict is that the PPB has until March 15, 2024, to stop deposits, credit transactions, and even top-ups into customer accounts. Since the PPB provided FASTag to many of its clients, it will be in your best interests to deactivate Paytm FASTAg and purchase a new one.
Note that you can not transfer your Paytm FASTag balance to a new FASTag, as the feature is not available for this product. Further, the NHAI (National Highways Authority of India) has released the ‘One Vehicle, One FASTag’ policy, mandating that one vehicle can have only one FASTag. While one FASTag would not apply to multiple vehicles, one can not have multiple FASTags. This is why you must close your Paytm FASTag before you buy a new FASTag.
Now, how to get FASTag immediately? There are both online and offline methods; if you get FASTag offline, you can get it in less than 24 hours.
There are authorised physical places all around the country; for example, there are temporary booths at NHAI toll plazas. Further, FASTag booths exist at RTOs (Regional Transport Offices), petrol stations, and service centres.
Here is how to buy new FASTag offline:
Note that along with the minimum FASTag balance, you might be required to pay a security deposit, depending on which bank you choose to get FASTag offline from.
Here are the documents you will need to get instant FASTag:
Here are the steps to buy FASTag online through an issuer:
The joining fee when you get FASTag is around Rs100 across all banks; however, some may offer a part of that amount as cashback to your FASTag wallet.
Here are vehicle-wise one-time tag deposit amounts:
Tag Class | Vehicle Description | Tag Colour | Tag Deposit (Rs.) | Threshold Amount (Rs.) |
---|---|---|---|---|
4 | Car/jeep/van | Violet | 200 | 200 |
4 | TATA Ace and similar mini light commercial vehicles | Violet | 200 | 100 |
5 | Light commercial vehicle/ mini bus | Orange | 300 | 100 |
6 | Bus 3 axle | Yellow | 400 | 100 |
6 | Truck 3 axle | Yellow | 500 | 100 |
7 | Bus 2 axle/truck 2 axle | Green | 400 | 100 |
12 | Tractor/tractor with trailer/ truck 4/5/6 axle | Pink | 500 | 100 |
15 | Truck 7 axle and above | Blue | 500 | 100 |
16 | Earth moving/heavy construction machinery | Black | 500 | 100 |
Can I get FASTag immediately at the toll plaza?
Yes, NHAI toll plazas usually have temporary booths from one or several issuer banks that allow you to get FASTag immediately. If instant FASTags is your goal, you should definitely visit such toll plazas.
How do I recharge my FASTag?
After buying a FASTag, you can recharge it through digital payment platforms, net banking, cards, and UPI. All you need to do is enter your car’s registration number and add the amount you want to put into it. Once the recharge is done, you will be notified on the phone number registered with your issuer bank.