FASTag mandatory from Jan 15: According to the latest announcement by Indian government, FASTag will become mandatory for vehicles starting January 15 this year. What is FASTag? It is a small re-usable tag that needs to be fixed on a vehicle’s windshield for automatic toll collection. There are multiple ways to buy FASTag for your vehicle including getting it from one of the listed banks, POS points, and now also via online mode like Paytm.
Using Paytm, users can not only purchase the FASTag for their personal or commercial vehicles but also link their Paytm Wallet to the tag to make payments at the toll plaza. Here’s how you can buy, activate, and recharge FASTag using Paytm.
Purchase FASTag via Paytm
Buying FASTag online is rather convenient in comparison to heading over a physical POS point to buy one.
To buy FASTag via Paytm follow this step-by-step process:
Then click on “Buy FASTag” option available at the top header of the app as well as on the website (https://paytm.com/).
In case you aren’t able to find the option, you can also search FASTag on the search bar and then click on the Buy Now button.
It will then take you to the Paytm Mall website where you can make your purchase by entering your vehicle registration number. The process is similar to any ordinary online purchase on Paytm Mall. Just select, and pay for it.
FASTag for commercial, corporate vehicles
Corporate companies are required to provide additional proofs like GST Certificate, cancelled cheque, and PAN Card. To buy FASTag for commercial vehicles, users can contact Paytm at 1800-102-6480.
Price of FASTag
The FASTag costs Rs 100 but users also need to deposit a Rs 250 refundable security deposit. At Paytm, you will have to pay a total sum of Rs 500 to get the FASTag, which includes the Rs 100 Tag price, Rs 250 security deposit, and Rs 150 balance that will be available in your FASTag account.
If you are buying the FASTag from Paytm, you do not need to put in your vehicle details again. The Paytm Wallet is supposed to be linked to the FASTag number as well but you can check for the same. Once the Paytm Wallet is linked to your FASTag account, the toll amount will be deducted from the wallet every time you zip past the toll gate.
How to recharge FASTag via Paytm
Since your Paytm Wallet is linked to your FASTag account, you only need to keep the minimum account balance in the wallet, which is the toll amount for your vehicle type. For a car, jeep, or van, the toll fee is Rs 150 and it goes up to Rs 650 for category 16 vehicles that include heavy construction machinery. You can add money into your Paytm Wallet using a Credit/Debit Card or UPI.