What is PayTm FastTag? Beginner Guide

We will know about Fastag what is this Fastag ? And how does it work ?, Where can you buy it and where can you use it and how do we recharge it, so let’s know.

The Electronic Toll Collection System or Fastag Scheme was first introduced in India in 2014.

Which is gradually being implemented on the toll plazas across the country. With the help of Fastag system, you will be able to get rid of the problems faced while paying toll tax in the toll plaza. With the help of FasTag , you will be able to pay your toll plaza tax in the toll plaza non-stop, you just have to put Fastag on your arm. You can buy this tag from any official tag issuer, such as Paytm, all nationalized banks, etc.

Fastags will soon be made available at petrol pumps to speed up the collection of tolls on road across the country. Later, they can also be used to buy petrol and pay parking fees. Union Road Transport and Highways Minister Nitin Gadkari said, From now on Fastag will be available at petrol pumps and we plan to make it available across the country. Apart from this, there are also plans that customers can use this card to buy petrol and pay parking facilities.

What is Fastag ?

The FasTag is a device mounted on the glass facing the vehicle. And it has Radio Frequency Identification (RFID). As soon as your vehicle comes near the toll plaza, the sensor on the toll plaza cuts off the charge on that toll plaza from your fastag account as soon as the sensor on the wind screen of your vehicle comes in contact with the fastag. Stopping there, we pay our plaza tax.

This tag installed in the vehicle will start its work as soon as your prepaid account is activated. At the same time, when the amount of your Fastag account is exhausted, you will have to recharge it again. Fastag will have a validity of 5 years i.e. after 5 years you will have to install a new fastag on your car.

What is paytm fastag?

What is Paytm Fastag? How does work. Complete information about Fastag?
For your information, let us know that after many big banks including SBI, Paytm Paymet Bank has also allowed to bring ‘Fastag’. The bank has launched Paytm Fastag to make it easier to deliver toll fees on all the way across the country and to save time. If this vehicle will have a Fastag on it, then you can proceed without stopping at Toll Plaza.

Redu Datti, SEO, Paytm Paymet Bank said, “While doing paymet at Toll Plaza, a lot of time is wasted by the common people. Apart from this, people have to face the problem of not having a holiday. In such a situation, Paytm Fastag can save them from this problem. This will enable the common man to cashless Paymet at any Toll Plaza in the country.

Earlier, when you had to pay money from your pocket after passing a vehicle from Tollplaza, but after a few days this process started to accumulate cashless and credit and debit card through Tolltax, now an electronic card has arrived, so that you can give something Is not needed Fastag must be in your vehicle. Which is a Redio frequency identification.

Can we buy online

According to Paytm, you can buy Fastag online on the Paytm app for older vehicles. Customers using Paytm Fastag will get a cashback of 7.5% on every toll transaction. The bank expects the number of vehicles using Paytm Fastag to cross 1 million by the end of this financial year.

Documents required to take Fastag

At the time of opening a fast tag account, you will also need to submit the following documents along with a form given, which is as follows-

How to Buy Online Fastag?

If you have used Paytm App then it will be only if you do not have Paytm app. So first download the paytm app and login by creating your account.

Step.1- After LoTin Paytm Account, now below you will get the option of Fastag.

Step.2- Now you have to click on Next Fastag Option. On clicking, you will get a new window, in which Fastag buy will be given.

Step.3- As soon as you click on Buy For rs500, you have to enter Delevary Address and PinCode and click below, then the fast price is Rs 600 but 17% discount is going on so that you will get it from paytm for Rs 500.

Step.4- Now your Fastag Card will be added to your paytm cart. Now you have to go to Uper cart Option. Jakar Fastag will reach your given address.

Customers using Paytm Fastag will also get 7.5% cashback in every toll transaction.

How will Fastag Active be?

If you have purchased Fastag, now you have to activate it with your account, for that I also tell you what you have to do. For activation.

First of all, you have to go to SBI Bank and you have to give Id and Adress prof and a photo to state bank of India. In id you can give aadhar card or pan card. And in Address Prof, driving license or any address prof can be given.

After giving the document, SBI will activate your Fastag Account.

Paytm Fastag will be introduced in all New Launch vehicles from 1 December.
Paytm Payment Bank is in talks with the companyio and vehicle delars of the vehicle for providing paytm Fastag for the new Vahan buying Custumer. These include Maruti, Hundai, Tata, Mercedes, Renolt and other car companies.

Benefits of FasTag

The Ministry of Roads and Transport has started the fastag system above several toll plazas in the country to solve the problem of long line of trains and open money due to toll tax in toll plazas. With the help of Fastag, along with saving your time, your petrol or diesel will also be saved.

SMS will be facilitated

Whenever you cross a toll plaza from a vehicle with Fastag, an SMS will come to you after deducting your fee from the Fastag account. You will be informed about the amount you have been deducted from your Fastag account through SMS.

These banks will be recharged (Bank for Recharge Fastag or Electronic Toll Collection (ETC) Account)

You can recharge your Fastag account through credit card, debit card, RTGS and net banking. Fast tag account at least 100 Rs. And up to 100000 rupees can be recharged. You can open your fastag sticker and fastag account by visiting any toll plaza and agency inside any point of sale (POS). By going to the website of National Highways Authority of India, you can find the place of point of sale near you.

The bank has introduced Paytm Fastag to make it easy to pay toll charges on all highways across the country.

Talk to running car companies

Currently, Paytm Payments Bank is in talks with car companies to make Paytm Fastag available for customers purchasing new vehicles. Negotiations are also going on with car dealers for this. This includes Maruti, Hyundai, Tata, Mercedes, Renault and other car companies.

Vehicle Registration Certificate (RC)

Passport size photo of owner
KYC documents and address proof of the vehicle owner

By taking fastag –

  • You can save time – because your payment goes to the toll online, you don’t have to stand in long lines, and you can reach your destination quickly.
  • It is cashless – being cashless does not require you to find money.
  • You can recharge online – during your debit, credit or net banking, you can recharge fast tags.
  • SMS Alerts – There is no minimum balance in your fast tag, if you have just been paid in toll, then you will get SMS.
  • This is unlimited validity: unlimited validity.

By the way, let us tell you that the Ministry of Road Transport and Highways has asked all the vehicle manufacturers and auto dealers to make sure that the owner is sure to have a fast tag on the vehicles to be purchased, so now it is necessary that you fastag on your vehicle. Will have to be installed.

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