Gone are the days of long vehicle queues at toll plazas, wastage of fuel and prolonged driving time on highways. With Paytm FASTag, we are committed to ensuring easy movement of commercial vehicles across the country and doing our bit to boost the economy.
Paytm FASTag is a small, re-usable tag that can be affixed to your commercial vehicle’s windshield and is valid at more than 530 toll plazas. It works on RFID technology that allows instant cashless payments from your Paytm Wallet and ensures you zip through the highway tolls.
Here’s how you can purchase Paytm FASTag, its activation process, cost, benefits, and all the other information…
Paytm FAStag offers a host of advantages to the commercial vehicle owners, including:
- Easy to manage
We offer easy reconciliation and fleet management through the Paytm app. You can see all your transactions in your passbook and manage multiple FASTags on our app.
- No separate recharge needed
The money for toll payments gets auto-debited from Paytm Wallet and the balance can also be used for shopping, recharges, bill payments, etc
- No hidden fees
We charge zero convenience fee for adding money to the wallet or any transaction at the toll plaza
- Cashbacks assured
We offer 2.5% monthly assured cashback on every transaction along with other cashback offers
- No shipping charges
The FASTag is delivered free of cost at your doorstep and you do not need to pay any shipping charges
To accelerate the adoption of electronic payments at toll plazas and help commercial vehicle owners conveniently purchase the tags, we have set up camps across 200 cities and towns including Delhi-NCR, Mumbai, Kolkata, Agra, Rajkot, Mysore, Jaipur, Bikaner, Aligarh, Chandigarh, Ranchi and Kochi. Further, we are targeting to issue more than 2 million Paytm FAStags in the next 3 months.
What are the documents required to purchase Paytm FASTag?
Unlike other banks, we do not ask for a long list of documents. Individual vehicle owners buying FASTag for their commercial vehicles need to submit a proof of RC. Corporate companies need to additionally provide proofs for GST Certificate, canceled cheque, ID proof/ PAN Card.
Activation and recharge process
The Paytm FASTag gets automatically activated once you submit the documents. To recharge, simply add money to your Paytm Wallet and the toll payment will get auto-deducted once you cross the FASTag lane on NHAI toll plaza.
How to use Paytm FASTag?
It just takes just three steps to start using our FASTag. Here you go…
Step 1: Affix the tag on your vehicle’s windshield.
Step 2: Add sufficient money to your Paytm Wallet using UPI or from any bank account.
Step 3: Enter dedicated FASTag lane at NHAI Toll Plaza. Reader at the plaza will read your tag’s detail and applicable toll charges will automatically get deducted from your Paytm wallet.
Paytm FASTag cost
The cost varies depending upon the vehicle type. It can be broken down into the one-time tag joining fee (Rs. 100), security deposit (Rs. 250) and the minimum balance (threshold amount) that needs to be maintained. Here’s the detailed list:
NPCI Vehicle Class, Description and Threshold Amount
4- Car/ Jeep/ Van: Rs. 150
5- Light Commercial Vehicle– 2 axle: Rs. 200
6- Bus– 3 axle: Rs. 350
6- Truck– 3 axle: Rs. 350
7- Bus– 2 axle/ Minibus, Truck– 2 axle: Rs. 250
12- Tractor/ Tractor with trailer, Truck 4, 5 & 6 axle: Rs. 450
15- Truck 7– axle and above: Rs. 550
16- Earth Moving/ Heavy Construction Machinery: Rs. 650
The re-issuance fee is Rs. 100 for all types of commercial vehicles.
What are you waiting for? Get set, go with Paytm FASTag!