Published By: LogiPe on July 4, 2022
The modern economy is moving fast towards a cashless model, making transactions more straightforward and unified across various platforms. Cashless methods also save time and are easier to track. FASTag is one such digitization initiative that applies to many in the transport and logistics sector.
Caption: FASTag uses RFID technology to automate fee payments at toll booths.
FASTag is a cashless payment method of toll fees implemented on toll plazas all over India. It allows vehicle owners to digitally pay their toll fees while driving through a toll plaza. It uses RFID technology and a barcode sticker to enable the authorities to collect the required fees from the driver. Each vehicle has its FASTag ID, and all payments are made automatically.
FASTag has various advantages. It reduces the time spent in toll booths as payments are made automatically while driving through them. It also eliminates the need to carry cash on the road. FASTag helps streamline payments as SMS alerts are sent regularly to drivers. Further, there is an online portal that helps track payments. In the future, it could become a multi-utility payment tool as well.
There are multiple methods for obtaining FASTag. We shall see how to get FASTag below.
Vehicle owners can get FASTag for their vehicles directly from banks the following way:
After processing the request, the bank sends the FASTag to the applicant’s address.
You can also use online payment providers like PayTM or Airtel Payments Bank to obtain FASTag online. The procedure is as follows.
The vehicle owner will receive the FASTag a few days after the application.
Most leading banks also have online portals for FASTag registration. Here we learn how to get FASTag online.
The FASTag is delivered to your address shortly afterwards.
You may directly get a FASTag at the toll booth. For this, you need to carry the required documents with you.
The officials at the plaza will verify the documents and provide the FASTag on the spot.
Some online payment providers like PayTM also authorize FASTag purchases from physical stores. To use this method, follow the given steps.
With LogiPe, you can manage FASTag payments without any extra charges. It is a complete fleet management solution with expense management, driver management, and lending services.
There are two ways of activating FASTag: offline and online.
The tag is already activated if you purchased FASTag at a bank. So you only have to go to the bank and follow the usual steps above for FASTag registration. When the new FASTag is sent to your address, it arrives activated and with login credentials for the online portal.
If you obtained FASTag at an online store or a PoS terminal (at a toll booth), you would have to activate FASTag on your own. To do this, you should do the following:
Depending on whether you register for FASTag as an individual or a corporation, you have different requirements.
If you are applying as an individual, here are the documents required for FASTag :
If you’re applying for FASTag for a corporation, you need the following documents.
Once you have FASTag, you need to recharge it regularly. Below we discuss how to recharge FASTag in various ways.
Here we see how to recharge FASTag online using UPI.
This completes the recharge of FASTag from UPI.
We can also recharge FASTag from My FASTag app. Follow the steps below.
You can learn how to recharge FASTag online via net banking below.
We can also recharge FASTag offline at a toll plaza.
Customers will also receive instant SMS confirmation of recharge.
An external payment aggregator like Bharat Billpay also can be used to recharge FASTag.
FASTag is an efficient means of toll fee collection in India today. Choosing FASTag helps save time and money while making payments on the road. Here at LogiPe, we support FASTag management with no extra fees. We also help monitor driver payments to keep track of expenses. Visit our site today to learn more about these features and try our product.