Indian govertment is starting FASTag payment from 15th December 2019. It is all payments for all toll plazas at NH toll plza. FASTag is tag which use Radio-Frequency Identification (RFID) technology and it is reusable. You can buy FASTag using various methods and here I am talking about how to get FASTag using Paytm. Paytm FASTag gives electronic toll fee collection on highways across country and it can be attached on vechile windshield.
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What is FASTag?
FAStag is started by NPCI (National Payments Corporation of India) in the collaboration National Highways Authority of India and Indian Higways managment Co. Ltd for support easy toll payments. FASTag are prepaid rechargable tags for toll collection that allow automatic payment deduction from your FASTag. And FASTag will be fixed on vechile windshield. It uses RFID technology Paytm FASTag uses your Pytm bank account or wallect to deduct toll amount from your FASTag. Paytm baknk has partnered with National Highways Authority of India (NHAI) as part of National Electronic Toll Collection (NETC).
The main purpose of FASTag is avoiding vehical queue at toll plaza of paying toll. When vechile crosses toll plaza, the toll amount will get deducted from your bank account or wallet linked to FASTag. If you are using Paytm FASTag then toll fee will get deducted from your Paytm bank account or Paytm wallet.
You can get FASTag from various 22 certified banks at some selected branches and toll plazas which is listed for point of sale for FASTag. Talking about online ecommarce platform you can apply for FASTag through Amazon and Paytm walet.
How to get Fastag using Paytm
You can buy Paytm FASTag using below mentioned steps:
- Go to https://paytm.com/ and login to your Paytm account using registered mobile number or email and passord.
- Go to ‘More’ option on homepage of Paytm and click on FASTag from drop-down.
- Now you are on Paytm FASTag page. Here you have to give and upload your vechile registration number and certificate, photo in the form appearing on the page. Make sure that RC photos size will be less than 2 MB.
- Click on ‘Buy for Rs 500’.
- Your tag will be deleiverd to your registered address. Keep handy your original documents for verification.
- Registration certificate (RC) of your vechile i.e a vaild driving license, AADHAR card and PAN card for identity proof and address proof.
- After verification of your documents and details is finished, you will be issued a Paytm FASTag.
Cost breakdown of Paytm FASTag
Paytm will charge you Rs 500 for FASTag.
Tag Price: 100
Refundable Security Deposit: 250
Minimum Balance to maintain :150
How to use Paytm FASTag?
Step 1: Post-purchase, affix the tag on your vehicle’s windshield.
Step 2: Add sufficient money to your Paytm Wallet using UPI or from any bank account.
Step 3: Enter dedicated FASTag lane at NHAI Toll Plaza. Reader at the plaza will read your tag’s detail and applicable toll charges will automatically get deducted from your Paytm wallet.
How to recharge your Paytm FASTag?
For Paytm FASTag no separate recharge required and it will use money from your Paytm wallet. You can start using Paytm FASTag after 20 minutes of adding money to your Paytm wallet.
Cashback on Paytm FASTag
According to Paytm 2.5 % cashback is applicable on all toll transcation done at NHAI plazas for the financial year 2019-20. Cashbank amount will be credited to your Paytm wallent which linked to FASTag by end of the month. You will get digital receipt of each transaction and you can check it pout it in passbook section of your Paytm account. If you want more detials about Paytm FASTag then you can call to Paytm customer care number: 1800-102-6480.