SBI Fastag: FASTag provides the facility of cashless payment on the go. SBI FASTag users can easily make toll payments without the hassle of doing cash transactions and paying accurate toll charges. The auto debit of exact money from SBI FASTag is done through toll plazas.
covid pandemic (covid pandemicWith the pace of the economy slowing down, the pace of the economy has picked up. Businesses and factories are running in their former condition. The effect of the growth of the economy has also been shown on Fastag, due to which transactions (Fastag transaction) is increasing day by day now. State Bank Of India (SBI) shows that transactions from FASTag are increasing at a rapid rate of 53% year-on-year. According to the report, 243.64 million transactions were done through FASTag in February 2022. There were 158.96 million transactions in the same month a year ago. If you also use FASTag, then State Bank runs offers for it. Fastag can be taken easily from SBI.
Like other banks, SBI also has FASTag. It is a device that uses Radio Frequency Identification or RFID technology to make toll payments directly from the prepaid or savings account linked to it. This FASTag is affixed on the front window or windscreen of your vehicle and enables you to drive through toll plazas without stopping for cash transactions.
how to get sbi fastag
If you want detailed information then you can call on customer care number 1800110018. The customer care executives will help you reach the POS location (which issues the tag). Around 3000 PAS locations of State Bank have been set up across the country where customers can go and buy FASTag. You can click on this link https://fastag.onlinesbi.com/PoSAgentLocations to get POS location information.
what documents will be needed
- For SBI FASTag, you have to fill the form in the bank
- The registration certificate (RC) of the vehicle has to be submitted along with the form.
- Vehicle owner photo required
- ID and address proof paper will have to be given
Account can be opened with two stays
Customers can open an account for SBI FASTag in two ways. Limited KYC holder’s account and Full KYC holder’s account. The limit of KYC in FASTag account should not exceed Rs 10,000. In this, the monthly reload limit has also been kept at Rs 10,000. On the other hand, full KYC should not exceed Rs 1 lakh in the holder’s account. There is no monthly reload limit in this.
benefits of using fastag
FASTag provides the facility of cashless payment on the go. SBI FASTag users can easily make toll payments without the hassle of doing cash transactions and paying accurate toll charges. The auto debit of exact money from SBI FASTag is done through toll plazas. This eliminates the need to stop the vehicle, which makes transit easier. This saves the time of the customers and avoids long queues. Instant SMS alert facility is available on the registered mobile number for toll transactions, low balance etc.
how to recharge fastag
- Login to YONO SBI for Online Recharge
- Click on Yono Pay
- Click on Fastag under Fast Payment
- Customers are given the option to recharge FASTag through UPI
- FASTag’s validity never expires
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