FASTag recharge can also be done on the go, customers get this facility. The National Payments Corporation of India has provided customers the option to recharge NETC Fastag with Bhim UPI.
What is FASTag
FASTag is a device that employs Radio Frequency Identification (RFID) technology for making toll payments directly while the vehicle is in motion. FASTag (RFID Tag) is affixed on the windscreen of the vehicle and enables a customer to make the toll payments directly from the account which is linked to FASTag.
FASTag offers the convenience of cashless payment along with benefits like – savings on fuel and time as the customer does not has to stop at the toll plaza.
FASTag is a RFID passive tag used for making toll payments directly from the customers linked prepaid or savings/current account. It is affixed on the windscreen of the vehicle and enables the customer to drive through toll plazas, without stopping for any toll payments. The toll fare is directly deducted from the linked account of the customer. FASTag is also vehicle specific and once it is affixed to a vehicle, it cannot be transferred to another vehicle. FASTag can be purchased from any of the NETC Member Banks.
If a FASTag is linked to the prepaid account, then it needs to be recharged/ topped-up as per the usage of the customer. If adequate balance is not maintained by the customer, the FASTag gets blacklisted at the toll plaza. In such a scenario if the customer travels through a toll plaza without recharging then he won’t be able to avail the NETC services and would be required to pay the toll fare through cash.
FASTag Recharge By Bhim App
Now you can recharge FASTag anywhere through BHIM UPI, this is the process, Now the FASTag has been made mandatory on the National Highway. You can easily recharge it anywhere through BHIM UPI.
Until now FASTags could have been mostly topped-up through the portal of the bank that FASTag released, or through the official FASTag app for Android, if you bought it on Amazon. The new digital payment functionality in the BHIM app surpasses the January 15 time limit, which makes FASTags mandatory for transactions at toll plazas on all national highways across India. An NCPI official said in the statement that customers can now hassle-free their FASTag account through the BHIM UPI enabled mobile app
If you have purchased FASTag from any bank, then you can easily deposit such money in it.
- Step 1: First login to BHIM UPI
- Step 2: Select Send option on the home screen
- Step 3: Enter NETC FASTag UPI ID like-netc. Vehicle Number @ BankUPIHandle, Bank UPI Handle
- Step 4: FASTag will be the issuing bank)
- Step 5: Click to verify
- Step 6: Enter the amount for recharge
- Step 7: Enter PIN to authenticate the transaction
- Step 9: You will receive an SMS confirming the transaction in your FASTag wallet.
Recharge FASTag account online
Customer can recharge FASTag account online through issuing member banks portal using UPI/ Credit Card/ Debit Card/ NEFT/ RTGS /Net Banking.
Fastag has been made mandatory on the toll plaza of the National Highway from 15 January. Under the new rule, it has become necessary to fasten every small or big vehicle.
Meanwhile, the National Payments Corporation of India (NPCI) has provided customers the option to recharge the National Electronic Toll Collection i.e. NETC Fastag from Bhima UPI. According to the statement issued by NPCI, with the Bhima UPI-based mobile app, the vehicle owners will be able to recharge their fastags on the way and they will not need to be in long queues at the toll plaza.
NPCI Chief Operating Officer (COO) Praveena Rai said, “Our aim is to provide customers a better experience of NETC Fastag.” We believe that with this facility, they will be able to get an easy, secure and transparent medium for toll payment. “Let us know that NETC has been designed to meet the electronic toll requirement of the Indian market.
Following are some of the key features and functionalities of National Electronic Toll Collection system.
| Transaction Type. | Off-line; near real time transaction processing as the toll plazas send the transactions within 10 mins interval. |
| Interoperability. | NETC ecosystem supports multiple issuers and multiple acquirers’ i.e. Tag issued by any member bank is accepted at all toll plaza (under NETC program) acquired by any member bank in a safe and secured manner. |
| Flexibility to choose the underlying payment instruments. | Customers can link their FASTag to their existing savings/current account or to a prepaid account basis the offering from the Issuer member banks. For opening a prepaid account it is not mandatory to have an existing relationship with the issuer bank. |
| Tag Issuance. | Can be issued by member banks, authorized for NETC Program. |
| Cashless Payment. | FASTag facilitates electronic payments at the toll plaza while the vehicle is in motion. |
| Save Time and Fuel. | Customer can travel without stopping at the toll plaza by using the FASTag thus reduce congestion at plazas and , saving fuel and reduce travel time. |
| Recharge FASTag account online. | Customer can recharge FASTag account online through issuing member banks portal using UPI/ Credit Card/ Debit Card/ NEFT/ RTGS /Net Banking. |
| Cashback. | Cashback scheme is available to the customers on toll payments using FASTag at National Highways Toll Plazas. The cashback scheme for the current FY is 2.5%.* |
Recommended Articles
Categories: Banking
Source: bank.newstars.edu.vn
Leave a Reply