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What are Fastag Charges of your Bank - Know Here

What are Fastag Charges of your Bank - Know Here

Drivers may pay tolls electronically while driving using the FASTag system, eliminating the need to stop and exchange money. Make sure your FASTag account has enough money and recharge it as needed for a seamless toll payment experience.

The FASTag comes with a few fees, including a security deposit, re-issuance cost, and one-time issuance fee.

What fees apply to FASTag?

The HDFC Bank website states that there are no fees associated with FASTag activation. Nonetheless, a user has to be informed of three different FASTag charges:

1. Tag Joining Fee: A one-time fee assessed only at the initial FASTag User registration. To begin and activate the Tag for your car, there will be a one-time payment.

2. Security Deposit - A small sum is deducted as a security deposit, which is entirely refundable provided there are no outstanding balances at account closure. The sum varies based on the class of your car. Banks may utilize the security deposit to settle any unpaid toll fees if there are not enough cash in your Tag account.

3. Threshold Amount: The minimum recharge amount that is in effect at the moment of tag activation is all that constitutes the threshold amount. As soon as your tag is activated, this whole amount will be accessible on your Tag account to cover any toll costs. The vehicle class determines the threshold amount.

According to their websites as of February 24, 2024, the following is a list of the leading FASTag issuers along with the FASTag costs. For automobiles, jeeps, and other vehicles in a comparable class, the security deposit amount is taken into account.

Bank Fastag Charges     

HDFC Bank Fastag Charges 
The current HDCF charge for a car, jeep, van, Tata Ace, or similar small-light commercial vehicle is Rs. 100, plus applicable taxes. The security deposit is also Rs. 100.

ICICI Bank Fastag Charges 
The joining fee assessed by the bank is Rs 99.12 (GST included). For cars, jeeps, and vans, the security deposit is Rs. 200, with a Rs. 200 barrier.

SBI Fastag Charges 
Tag costs and security deposits are waived for cars, jeeps, vans, Tata Aces, and other small light commercial vehicles at SBI State Bank of India. It is essential to remember that in order to activate your FASTag, you must have a minimum amount of Rs 200.

Axis Bank Fastag Charges 
Issuance fees are waived by Axis Bank, while re-issuance fees are charged at a rate of Rs 100 (all taxes included). The bank requires a security deposit of Rs 200 for cars, jeeps, and vans.

Bank of Baroda Fastag Charges 
The one-time fee for the Bank of Baroda FASTag is Rs. 150 plus the Goods and Services (GST) tax. The kind of car determines the refundable security deposit. For cars, jeeps, and vans, a security deposit of Rs. 200 is required in addition to a Rs. 200 threshold limit.

Canara Bank Fastag Charges 
Canara Bank charges an issue and re-issuance fee of Rs. 100. The convenience price for reloading a tag online is Rs. 10.00, in addition to the real cost. The security deposit and threshold amount for cars, jeeps, and vans is Rs 200.

IDBI Bank Fastag Charges 
A re-issuance cost of Rs 100, including taxes, is charged by IDBI Bank. There is no minimum amount required for tag deposits; the bank charges 200 rupees.

Kotak Mahindra Bank Fastag Charges 
The bank charges a tag joining fee of Rs 200 and a tag deposit of Rs 100 for VC4 vehicles and Rs nil for other vehicle classes. Reissuance is free of charge from the bank, and the threshold amount is not relevant.

IndusInd Bank Fastag Charges 
There is a security deposit of Rs 200 and a threshold amount of Rs 200 that is loaded into the customer's wallet by IndusInd Bank. The bank levies a one-time tag joining cost of Rs 100 and a reissuance fee of Rs 100.

PNB Fastag Charges 
A security deposit of Rs 200 is required for cars, jeeps, and vans; the threshold amount is Rs 100. There will be a 100 rupee replacement cost.
Airtel Payments Bank Fastag Charges 
There is a one-time fee of Rs. 100, including GST, for Airtel Payments Bank FASTag. The one-time tag re-issuance charge is also Rs 99.99 (including all relevant taxes), as is the tag joining fee (one-time price) of Rs 99.99. The kind of car determines the refundable security deposit. For a car, jeep, or van, there is a one-time security deposit (Reserved Amount) of Rs 150.

Paytm Fastag Charges 
Paytm charges a one-time Tag Issuance Fee of Rs. 100 (Rs. 84.75 + Rs. 15.25; Fee + GST) and a tag reissuance fee of Rs. 100 (Inclusive of GST). Paytm fees are Rs.250 as FASTag Security Balance.

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