yesbank fastag

About Fastag Card

A FASTag is a reloadable tag which is used to automatically deduct toll charges allowing a vehicle to pass through a toll gate without stopping for the payment. It uses radio frequency identification (RFID) technology to make cashless payments through a prepaid account linked to it.

The tag is fixed to the windscreen of a vehicle and an RFID antenna in the canopy of the toll gate scans the QR code and the tag identification number, following which the boom barrier lifts to allow a vehicle to pass through. The Fastag is valid for a period of five years and it comes in seven different colours — violet, orange, yellow, pink, blue, green and black. Each category of vehicle is assigned with a particular color.

Key Highlights of Fastag Program

highlights of fastag program

RFID Technology

Fastag utilizes RFID radio frequency identification (RFID) technology to make cashless payments through a prepaid account linked to it.

LocoNav Payments

Fastag is linked to a LocoNav wallet from which the exact amount is automatically deducted. You can recharge it anytime, anywhere.

450+

More than 450 Toll Plazas

FASTag is presently operating at more than 450 Toll Plazas across national highways. More city and state plazas will be on-board in future.

Benefits of Fastag

For Vehicle Owners:

  • Hassel free toll payments
  • Avoid long queues
  • Upto 10%* cashback
  • Non-stop movement of vehicles can lead to lower fuel costs
  • Various payment options like credit/debit cards, NEFT, etc. can be used to recharge Fastag online
  • Fastags can be linked to insurance policies helping customers to do away with the urgency of carrying the policy documents.

For toll operators:

  • Cashless payments without the involvement of change
  • Reduced time taken to process tolls
  • No customer aggression due to long queues and change
  • Reduced operational costs
  • Better audit control through centralised user accounts

For government:

  • Better highway management
  • Brings on transparency in toll transactions
  • Reduction in revenue leakages
  • Greater project accountability

Overall impact of Fastag in Indian transportation

Getting stuck in long queues while crossing toll plazas on National Highways is perhaps something we have all experienced at some point. National Highways Authority of India or NHAI plans to make this a thing of past by launching FASTAG program in April, 2016. The ultimate plan is to offer non-stop movement of vehicles through toll plazas and cashless collection of toll fees at toll plazas. This implementation by the Indian government has been applauded by all, which is evident from the fact that automatic collections at toll plazas along national highways, has led to 24% increase in electronic toll revenue. The number of Fastag unites sold has also increased drastically from 3,113 fastag units sold in May 2016 to over 3 Million units until August 2018. Indian transportation as we know is the backbone of Indian economy, and with this move, this backbone will only strengthen.

Tag Issuance Fees & Charges

Security Deposit and Threshold Amount will be Additional

Vehicle Class 4 Tag Colors

Car / Jeep / Van

Tata Ace & Similar mini Light Commercial Vehicle

Vehicle Class 5

Light Commercial Vehicle (2 Axle) / Mini-Bus

Vehicle Class 6

Bus/Truck (3 Axle)

Vehicle Class 7

Bus/Truck (2 Axle)

Vehicle Class 12

Bus/Truck (4 Axle / 5 Axle / 6 Axle)

Vehicle Class 15

Truck (7 or More Axle)

Vehicle Class 16

Heavy Construction machinery (HCM) / Earth Moving Equipment (EME)

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General FAQ's

FASTag is a device that employs Radio Frequency Identification (RFID) technology for making toll payments directly from the prepaid or savings account linked to it. It is affixed on the windscreen of your vehicle and enables you to drive through toll plazas, without stopping for cash transactions. The tag can be purchased from Tag issuers and if it is linked to the prepaid account, then you need to recharge/ top up the tag as per your requirement.
  • Cashless payment – FASTag users don’t need to carry cash for toll transactions, and don’t need to worry about collecting the exact change
  • Promotional cashback – All FASTag users get a monthly cashback of 10% of toll transactions till 31 March, 2017
  • Faster transit – Auto-debit of exact amount through the FASTag enables faster transit through the toll plazas and saves time
  • Online recharge – FASTag can be recharged online through Credit Card / Debit Card / NEFT/ RTGS or Net banking
  • SMS alerts – Instant SMS alerts on registered mobile number for toll transactions, low balance, etc.
FASTag has unlimited validity. The same FASTag can be used till the tag is read by the reader and not tampered with. In case due to wear and tear the reading quality depreciates, please reach out to your Issuing Bank for a new tag.
FASTag is presently operational at 450+ toll plazas across National Highways. The system is inter-operable and the same FASTag can be used across all toll plazas under the National Electronic Toll Collection (NETC) program. More toll plazas will be brought under the NETC program in the future. You may see the list of plazas in the ‘Active Toll Plazas’ section. Please visit the www.ihmcl.com for more details.
You can avail a cashback of 10% on all Toll payments using FASTag in FY 2016-17. The cash back amount will be credit back in the tag linked account on monthly basis.
Yes, you will have to use the lanes demarcated for FASTag users. Only the marked lanes have the required RFID infrastructure installed to read your FASTag. In case you enter a cash-only lane, the FASTag will not be read and cash will need to be paid.

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