Is There A Minimum Balance For FASTag?

What is minimum and maximum threshold in FASTag?

The minimum recharge amount for FASTag is Rs100 and maximum Rs1 lakh.

Users will get SMS alerts for all their toll transactions at toll plazas.

The tag has lifetime validity and is vehicle specific.

Two-wheelers, autorickshaws and other small vehicles that do not have to pay toll presently do not require the FASTag..

What is the minimum balance in Paytm FASTag?

Rs. 150250 is for security deposit and Rs. 150 is the minimum balance to be maintained (both of which stay with the user). In addition to this, Paytm FASTag buyers can get a free movie ticket as well.

Is FASTag mandatory in Bangalore?

Vehicles regardless of year of manufacture and age should have it. To ensure payment of user fee via electronic means and seamless movement of vehicles through toll plazas, FASTag has been made mandatory for four-wheelers from January 1, 2021.

Can we go without FASTag?

Penalty for not complying with FASTag rule Users without a FASTag will have to pay double the fees at toll plazas across national highways in the country. … The government says that vehicles are allowed to travel toll-free if FASTag machines installed at toll plaza lanes fail to scan it.

Can I change my FASTag bank?

Share. FASTag is linked to a registered Paytm Payments Bank wallet/account to facilitate instant automatic deduction of toll charges. So, if your FASTag is linked to Paytm wallet, which is connected to another bank account, then you can change the bank account and recharge the wallet from the new bank account.

What is threshold amount in FASTag?

3. Threshold Amount – The threshold amount is nothing but the minimum recharge amount applicable at the time of Tag activation. This amount will be fully available on your Tag account to pay for any toll charges immediately upon tag activation. The threshold amount depends on the vehicle class.

What happens if there is no balance in FASTag?

Starting December 1, if you enter a FASTag-enabled lane without getting a FASTag active, you will be charged double the amount of toll fee and will have to pay by cash.

Which FASTag is better Paytm or Icici?

How is it when compared to other providers like Axis bank or ICICI bank? … My conclusion is paytm fastag is better than other bank fastags, because the payment is easy and the wallet amount will be deducted automatically in the toll gate and the balance amount can be used for any other online transaction.

How can I get a free FASTag?

Steps to Get FASTag for Free from Paytm App:On the Paytm App, select FASTag Option. After you have logged in, on the home page, select “FASTag & Toll” or “Get your Free FASTag now!”. … Select “Buy FASTag“ On the new page, click “Buy FASTag” .Fee Breakup:

What is FASTag for bike?

FASTag is a prepaid RFID(Radio Frequency Identification) tag which is fixed on the front windshield of four-wheelers. The tag automatically deducts the toll charges, allowing to make direct payment as soon as the vehicle closes in at a toll plaza.

Which bank is offering free FASTag?

National Highways Authority of India or NHAI, which is implementing the ambitious FASTag project, has ‘requested’ all banks to provide free FASTags for all users. This request has been made to ICICI Bank, HDFC, SBI, Kotak Mahindra and others.

Can I buy 2 FASTag from Paytm?

You will have to purchase two separate Paytm FASTags for both the vehicles.

Is there any validity for FASTag?

It is affixed on the windscreen of your vehicle and enables you to drive through toll plazas, without stopping for cash transactions. The tag has a validity of 5 years and after purchasing, you only need to recharge/ top up the tag as per your requirement. What are the benefits of using FASTag?

Which bank FASTag is best?

HDFC Bank – Rs 400: Rs 100 is the issuance fee. … Paytm – Rs 100: This seems to be the most generous deal to car owners. … ICICI Bank – Rs 500: The most expensive deal on this list. … SBI Bank- Rs 400 : This includes Rs 100 as issuance fee, Rs 200 as security deposit with a minimum balance of Rs 100.

Can I have 2 FASTag for same car?

You cannot use one FASTag with two or more vehicles, you will have to buy two separate FASTags for the two vehicles and so on. As per the IHMCL website, “If you reside within a range of 10 km from the toll plaza, you can avail a concession on toll to be paid via your FASTag.

Is FASTag mandatory for bikes?

The Ministry of Road Transport and Highways (MoRTH) on Saturday has issued a notification stating that FASTags will be mandatory for all four-wheelers from January 1, 2021. … FASTag is a prepaid tag that makes automatic deduction of toll charges that is operated by National Highway Authority of India (NHAI).

Do 2 wheelers have to pay toll?

Yes. Two wheelers are exempted from paying tolls except for few privately tolls located on private roads.. You can find the leftmost lane usually for 2 wheelers to pass by.

Which FASTag is best in India?

Best FasTag Service Provider?SBI. Votes: 1 10.0%ICICI Bank. Votes: 3 30.0%Axis Bank. Votes: 0 0.0%Paytm. Votes: 6 60.0%HDFC Bank. Votes: 0 0.0%Kotak Mahindra. Votes: 0 0.0%IDFC. Votes: 0 0.0%