Fastag Price: Know All About Fastag Charges

01 Dec 2021

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A detailed look at the the various FASTag chargesKey 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.Open a DBS Bank Account NowHow FASTag WorksHelmed 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 ChargesFASTag 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 PriceYou 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 DepositAnother 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 BalanceYou 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.