Bank IndusInd FASTags is a certain method to cut down on those lengthy lines at toll booths. FASTag is an RFID-enabled tag sticker that, when attached to your car’s windscreen, enables electronic toll deduction from a prepaid wallet and permits you to bypass toll gates.
The inconvenience of carrying cash for toll payments is eliminated since you do not have to stand in queue to perform cash transactions at the toll plaza.
Under the direction of the National Highways Authority of India (NHAI) and the Indian Highways Management Company Ltd (IHMCL), the FASTag program is a component of the National Electronic Toll Collection (NETC) effort launched by the National Payments Corporation of India (NPCI).
These FASTags may be used to pay for your car tolls electronically and come pre-loaded with money. The RFID reader at the toll plaza gets information about the car as it goes through the toll gate, and the toll amount is automatically withdrawn from the FASTag wallet, saving the users considerable time and money.
There are already 460+ Electronic Toll Plazas throughout National Highways that accept FASTag. The toll cost may be instantly debited from a user’s FASTag wallet using the designated ETC FASTag lanes at the toll plaza. This has saved a tremendous amount of time and fuel for all its users.
Additionally, they can bring funds to pay the tolls. The National Electronic Toll Collection (NETC) system is interoperable, allowing the same FASTag to be used at any toll booths. More toll plazas are now being planned to fall under the FASTag umbrella. Let’s read about the FASTag system in IndusInd Bank in more detail, so stay tuned until the end.
About IndusInd Bank:
India’s leading private sector bank, IndusInd Bank, provides its clients with various financial products and services. Since its inception in 1994, the bank has become a reputable brand in the banking sector, recognized for its customer-centric philosophy and creative solutions.
IndusInd Bank, which has its main office in Mumbai, does its business through a nationwide network of branches and ATMs. The bank offers various financial services, including savings and current accounts, fixed deposits, loans, credit cards, insurance, and investment opportunities. It meets the diversified financial demands of both retail and business customers.
IndusInd Bank has won several awards for its effectiveness and level of customer care. It has won praise for its impressive financial results, technical advancements, and dedication to corporate social responsibility. The bank has also increased its global reach through representative offices in Dubai and London.
Overall, IndusInd Bank has made a name for itself in India as a trustworthy and client-focused banking organization. It continues to meet the banking requirements of people and companies all around the country with its wide variety of products, technical developments, and dedication to quality.
Getting your FASTag from IndusInd Bank has some advantages:
Bank IndusInd Fastag:
New FASTag registrations are presently eligible for promotion from IndusInd Bank. The tag is available to new applicants for no issuance fees and with free home delivery. Additionally, they get Rs. 100 coupons for Pizza Hut, Chaayos, or BookMyShow. The deadline for this promotion is March 31, 2020. This promotion is only valid for brand-new tag registrations.
Additionally, using IndusInd Bank to obtain your FASTag has other advantages.
- Cash Back Offer: Up until March 31, 2020, users can receive a 2.5% cashback on all toll payments made with FASTag.
- Charged automatically: IndusInd Bank CASA This option allows the consumer to have his bank account automatically fund his wallet whenever it reaches a low amount.
- Auto Allocation: If you have enough money in your wallet, your tag will automatically be funded if it runs out of money without your action.
- SMS: Users receive immediate SMS notifications for each toll transaction on their tag account. SMS alerts for each toll transaction. This makes it possible for the user to monitor their account balance.
- Simple choices for recharging: Users may easily refuel their tag accounts online or at any of the POS locations at toll plazas. They can use credit cards, debit cards, net banking, or UPI applications to make payments.
- Toll transactions: You no longer need to carry cash for toll transactions because the toll money is automatically debited from your wallet account.
- Toll plaza: Avoid standing in line at the toll plaza using the tag reader built into the toll gates, which reads your FASTag and immediately subtracts the correct toll fees from your tag wallet when your car reaches the toll plaza. This significantly decreases the wait times at all toll booths.
- Web portal for tag holders: Users of FASTag can register on the internet portal to easily maintain their tag account. On this online portal, they may check several items, including account information, transactions, and tag balance.
How do I purchase an IndusInd FASTag?
To apply for a FASTag, go to the IndusInd Bank location that is most convenient for you. Your car’s RC Book, driving license, and KYC paperwork must be produced in original form and as a good photocopy. Additionally, you will need to drive your vehicle to the branch. To learn more, contact 1860 210 8887, the number for customer service.
Documents Required For FASTag Applications:
The following papers must be included with your FASTag application. Please remember that you must carry both the original and a duplicate of your KYC papers.
- Vehicle’s Registration Certificate (RC).
- A passport-size photo of the car owner and the necessary KYC paperwork for that kind of owner.
Individual | ||||
ID proof and Address proof from the list mentioned, and 1 passport size photograph | ||||
Driving License | PAN Card | Passport | Voter ID Card | Aadhaar Card (with address) |
A valid driving license would be sufficient for Address & ID proof. | ||||
Corporate | |
Public Ltd./ Private Ltd./ Partnership | Proprietorship |
Certificate of Incorporation/ Partnership Deed/Registration certificate of the firm | PAN Card of Proprietor |
PAN Card of the corporate | Address Proof of the Proprietor |
Photo ID of signing authority | Shop Act or other Firm Proof |
List of Directors with addresses/Name and addresses of Partners | |
How Can My FASTag Account Be Refilled?
Through Debit Card, Credit Card, Net Banking, and other online payment methods, one may top off their FASTag account online. Up to Rs. 1 lakh can be added to KYC-compliant accounts, and up to Rs. 10,000 can be added to non-KYC-compliant accounts. Users may also reload their tag accounts with cash at any IndusInd Bank branch or PoS location close to a toll plaza.
IndusInd Bank Fastag Login And Recharge Online:
You may create a login ID on the customer site to manage your FASTag account after it has been established.
- Access the IndusInd FASTag Customer Portal by logging in. [https://fastag.indusind.com/]. Under Login/Sign Up option.
- To create an OTP, click Login/SignUp and enter your cell phone number.
- To sign in to your account, enter the OTP.
- Visit Payments. Select the tag accounts you want to recharge, then specify the amounts you want to upload.
- To finalize payment, choose a payment method.
Charges & Fees Related To IndusInd Bank FASTag:
The FASTag is now offered without charge till March 31, 2020. The client only needs to load the required minimum quantity to use the tag.
Here is the official table directly from the Indusind bank website, i.e., https://www.indusind.com/in/en/personal/fastag.html
NPCL Vehicle Class | Description | Threshold amount Loaded into Customers Wallet | Refundable Security Depsit |
4 | Car/Jeep/Van (VC4) | 200 | 200 |
4 | Tata Ace and similar mini light Commercial vehicle (VC20) | 200 | 200 |
5 | Light Commercial vehicle 2-Axle (VC5) | 140 | 300 |
5 | Mini-Bus (VC9) | 140 | 300 |
6 | Bus 3-Axle (VC8) | 300 | 400 |
6 | Light Commercial vehicle 3-Axle (VC6) | 300 | 400 |
6 | Truck -3 Axle (VC11) | 300 | 500 |
7 | Bus 2-Axle (VC7) | 300 | 400 |
7 | Truck -2 Axle (VC10) | 300 | 400 |
12 | Truck -4 Axle (VC12) | 300 | 500 |
12 | Truck -5 Axle (VC13) | 300 | 500 |
12 | Truck -6 Axle (VC14) | 300 | 500 |
15 | Truck Multi Axle(7 and above) (VC15) | 300 | 500 |
16 | Earth Moving Machinery (VC16) | 300 | 500 |
16 | Heavy Construction Machinery (VC17) | 300 | 500 |
One-Time Joining Fee:
Here is the fees table for the one-time joining in the Indusind Bank FASTag system:
Particulars | Amount |
One Time Tag Joining Fee | Rs. 100 (including GST) |
Reissuance | Rs. 100 (including GST) |
Frequently Asked Questions:
A: If your FASTag account has enough money and your ETC equipment is not functioning, you can pay the toll fee in cash at the plaza. You can contact IndusInd Bank customer service to report the issue with the concessionaire.
A: Yes, the lowest recharge value for a Full-KYC Account is Rs. 100, and the maximum is Rs. 1 lakh.
A: No, you must obtain two unique FASTags, one for each car.
A: You must call the IndusInd Bank customer service line immediately to block your FASTag if it has been misplaced. The amount will be moved to a new tag once it is issued.
A: Each time a balance is taken from your FASTag account, an SMS notification will be sent to your phone number.
A: You can use the FASTag to prove your stay within 10 km of your toll plaza and submit that documentation. After verification, you will receive the discounts.
A: Each toll plaza has a unique monthly pass. For further information, get in touch with the closest toll booth.
Summing Up:
Conclusively, IndusInd Bank FASTag is an effective and convenient electronic toll-collecting system provided by IndusInd Bank. Users can pay toll fees electronically without using cash or standing in lengthy lines.
The IndusInd Bank FASTag system promotes smooth and hassle-free highway travel, saving commuters time and effort.
With its simple application procedure, widespread acceptance across toll plazas, and user-friendly features, IndusInd Bank FASTag has gained popularity among drivers, enabling a more efficient and comfortable road travel experience.