FASTag Price

FASTag Price

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A detailed look at the the various FASTag charges

Key Takeaways

  • FASTag is an RFID sticker that allows cashless payment of toll fares.
  • You must pay a FASTag joining fee of INR 100, as stated by the NCPI.
  • FasTag price is determined depending on the vehicle, and you have to pay a nominal and refundable security deposit.
  • You are also required to maintain a minimum balance to ensure a smooth payment process.
  • FASTag saves time at toll booths while also helping you save fuel.

In 2016, the National Highway Authority of India (NHAI) under the Ministry of Road Transport and Highways introduced FASTag – a unique toll collection system. FASTag is a digital toll payment service that reduces the transaction time at toll booths. In this article, we discuss how FASTag works and the various FASTag costs.

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How FASTag Works

Helmed by the National Payments Corporation of India (NPCI) and developed by National Electronic Toll Collection (NETC), FASTag is a Radio Frequency Identification (RFID) sticker. It enables you to make toll payments directly from your savings account or a linked prepaid account. You must affix the sticker on the windscreen of your vehicle. The sticker is scanned when you stop at a toll booth, and the toll tax is automatically collected, enabling you to pass the toll booth without making a cash transaction.

FASTag Charges

FASTag costs depend on the type of vehicle you own. You can purchase the FASTag from toll booths, Point of Sale (POS) outlets, or e-commerce websites. Bank FASTag is also available from NETC affiliated bank members. Here is a look at the various FASTag charges.

FASTag Sticker Price

You must pay a one-time joining fee to register yourself as a FASTag user. NETC affiliated banks can charge a maximum of INR 100, including taxes, per tag. This amount is fixed by the NPCI.

Security Deposit

Another FASTag price you have to pay is the security deposit, which is typically a nominal amount. When you close the FASTag account, you get a full refund of the deposit. The security deposit amount differs depending on your vehicle class. The bank may use this amount to adjust outstanding toll charges in case of insufficient balance.

Minimum Balance

You must maintain a minimum amount in your prepaid account and pay this balance amount at the time of activating your FASTag. The minimum balance depends on your vehicle class, and the FASTag costs for them are as under.

Vehicle Class

Vehicle

Security Deposit

Minimum Balance

4

Car / Jeep / Van / Tata Ace and Similar mini – Light Commercial Vehicle

100

0

5

Light Commercial vehicle 2 – Axle

300

200

6

Bus – 3 Axle

400

500

6

Truck – 3 Axle

500

500

7

Bus – 2 Axle / Minibus, Truck – 2 Axle

400

500

12

Tractor / Tractor with trailer, Truck – 4, 5 & 6 Axle

500

500

15

Truck – 7 Axle and above

500

500

16

Earth Moving / Heavy Construction Machinery

500

500

Final Note

The government has made FASTag mandatory for all applicable vehicle classes. You must pay double the toll amount if you pass through a FASTag toll lane without an affixed FASTag on the windscreen of your vehicle. The one-time joining fee and security deposit amount are minimal. With FASTag, you can save time and fuel consumption and do your bit for our environment.

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*Disclaimer: This article is for information purposes only. We recommend you get in touch with your income tax advisor or CA for expert advice.

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