10 Best FASTag in India 2024 – Find, Compare and Pick Everything You Need to Know for Choosing the Right FASTag and Easy Toll Payments.

Best FASTag in India 2024
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Key Points

  • This article discusses the benefits of FASTag and how to choose the best FASTag in india 2024.
  • FASTag is a digital wallet for your vehicle that saves time and reduces fuel costs.
  • Consider factors like providers, cost, features and also discounts or cashback offers when choosing the best FASTag.
  • 10 most popular FASTag providers in India include Park+, SBI, HDFC, ICICI, and Axis Bank, each offering different features and benefits.
  • The best FASTag for you depends on your own preferences, traveling habits and needs. This article recommends to choose a bank FASTag

Are you tired of waiting in long lines at toll booths, struggling with cash or coins? FASTag is here to make life easier for Indian drivers. But with many options out there, picking the best FASTag can feel confusing. Don’t worry! This guide covers all you need to know about FASTags in 2024, making it easy to find the perfect fit for your car.


What is FASTag?

FASTag is like a digital wallet for your car. It is connected to your vehicle’s registration number. Using special technology called RFID, it pays tolls automatically as you drive through toll booths. The FASTag sticker goes on your windshield. When you pass a toll booth, the reader takes the toll money from your prepaid or linked account.

Best FASTag in India
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Why Use FASTag?

FASTag makes toll payments faster and easier. You don’t have to wait in cash lanes anymore. It saves you time on the road. You don’t need to carry exact change or deal with cash at toll booths. It’s convenient and touchless. FASTag helps save fuel by reducing idling time at toll plazas. This saves on fuel costs in the long run. Many FASTag providers offer discounts on toll charges for frequent users. This adds to the cost-saving benefits of using FASTag.

How to Choose The Best FASTag in India

Now, let’s talk about how to pick the perfect FASTag for your car. Choosing the right FASTag depends on your specific needs and driving habits. Here are the key factors to consider when picking your perfect FASTag:

Providers:
Banks like State Bank of India (SBI), ICICI Bank, HDFC Bank, Axis Bank, and others offer FASTags. They ensure secure transactions and might have special deals for their customers.

Non-Banking Financial Companies (NBFCs) such as Paytm, Airtel Payments Bank, PhonePe, and Park+ are also popular choices. They usually provide competitive pricing and easy-to-use apps for recharging and tracking.

Cost:
When it comes to cost, consider a few things. There’s usually an issuing fee, a one-time charge for getting the FASTag. Some providers might waive this fee, so keep an eye out for deals.Some providers ask for a security deposit, which can be refunded later. Others don’t require this deposit. Think about your budget and what works best for you. Check out the recharge options available. Whether it’s online portals, mobile apps, or physical points, make sure it’s convenient for you.

Features:
Look for features that suit your needs. Multiple vehicle registration allows using one FASTag for several vehicles linked to your account. Get low balance alerts to avoid getting stuck at toll booths when your balance is running low. Transaction statements help you keep track of your toll payments easily. Choose a provider with accessible and responsive customer support for any issues or questions you might have.

Benefits of FASTag
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Discounts and Cashback:
Don’t miss out on exclusive offers from different providers. They might offer discounts on specific toll plazas or cashback on transactions. Some FASTags come with extra benefits like fuel discounts or cashback at partner outlets. Keep an eye out for these perks when making your choice.


10 Best FASTag in India 2024

Once you have considered these factors, you can start to narrow down your choices for best FASTag for car. Here are a few of the most popular FASTag providers in India:

1. Park+ FASTag:

Park+ FASTag

Park+ FASTag is a compelling option for car owners in India seeking a seamless and affordable way to manage toll payments, fuel purchases, and parking access. Unlike other platforms offering various options, Park+ currently only issues its own FASTag. It is an affordable option with zero security deposit, ideal for occasional users.

ProsCons
Park+ boasts the cheapest FASTag on the market making it attractive for budget-conscious drivers.While accepted at NHAI tolls and select locations, Park+ FASTag might not have the universally accepted network compared to some competitors.

Availability:

Visit the Park+ FASTag website (https://parkplus.io/fastag) or download the app to discover how it can simplify your driving experience.

2.State Bank of India (SBI) FASTag:

SBI FASTag
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SBI FASTag, issued by the State Bank of India (SBI), is a popular choice for car owners in India seeking a reliable and convenient way to manage toll payments.

ProsCons
SBI FASTag is accepted at over 346 toll plazas across national highways in India, making it a reliable choice for frequent travelers.Unlike some competitors, SBI FASTag might not offer attractive cashback or loyalty programs. SBI FASTag app might not be as user-friendly

Availability:

3. ICICI FASTag:

ICICI FASTag

ICICI Bank is one of the largest banks in India, and they also offer a FASTag service. ICICI FASTags are compatible with all toll booths in India, and they come with features such as low balance alerts, automatic recharge, and multi-vehicle support.

ProsCons
Wide network coverage, multiple recharge options, fuel surcharge waiver for ICICI Bank debit/credit card users.Requires an existing ICICI bank account for some features.

Availability:

4. HDFC FASTag:

HDFC FASTag

HDFC Bank is another large bank in India that offers a FASTag service. HDFC FASTags are compatible with all toll booths in India, and they come with features such as low balance alerts, automatic recharge, and multi-vehicle support.

ProsCons
Multiple recharge options, including auto-debit from your HDFC account.Requires an existing HDFC bank account for some features. And it might not be the most economical option for non-HDFC customers.

Availability:

5. Axis FASTag:

Axis Bank FASTag

Axis Bank is a large bank in India that offers a FASTag service. Axis FASTags are compatible with all toll booths in India, and they come with features such as low balance alerts, automatic recharge, and multi-vehicle support.

ProsCons
Fuel discounts at select partner pumps.Network coverage might be slightly less extensive compared to national players.

Availability:


6. Kotak FASTag:

Kotak FASTag:

Kotak Mahindra Bank is a large bank in India that offers a FASTag service. Kotak FASTags are compatible with all toll booths in India, and they come with features such as low balance alerts, automatic recharge, and multi-vehicle support.

ProsCons
Valid across NHAI tolls, partnered fuel stations, and select parking lots, offering good coverage.Compared to some competitors, Kotak FASTag might have slightly higher initial fees or recharge charges.

Availability:

7. Airtel FASTag:

Airtel FASTag

Airtel FASTag caters to drivers seeking a feature-rich experience, especially Airtel customers who can leverage exclusive benefits and rewards. Consider the cost and minimum balance requirements before choosing a variant. For those looking for the absolute cheapest option, other issuers might offer lower prices.

ProsCons
Enjoy occasional cashback offers and rewards points on FASTag transactions through the Airtel Thanks program.While having a wide network, it might not be universally accepted compared to some other FASTag issuers.

Availability:

8. IDFC First Bank:

IDFC First Bank

IDFC FIRST Bank’s FASTag, dubbed FIRSTForward, aims to streamline your toll, fuel, and parking payments with a quick, queue-free, and contactless experience, Offering a solution for a variety of your needs on the go.

ProsCons
3-in-1 Convenience: Pay for tolls, fuel (at select HPCL pumps), and parking (limited locations) with a single tag.Compared to major issuers like ICICI or HDFC, IDFC FIRST Bank’s network might be less extensive.

Availability:

9. Punjab National Bank (PNB):

Punjab National Bank (PNB)

PNB FASTag is a reliable and convenient option for drivers seeking a hassle-free toll payment experience. It offers wide network coverage, multiple purchase and management options, and is backed by a trusted bank. However, if you prioritize cashback or reward programs, other FASTag issuers might be worth exploring.

ProsCons
PNB FASTags are valid across all National Highways Authority of India (NHAI) toll plazas, ensuring seamless travel on major highways.PNB charges an activation fee for new FASTags, which might add to the initial cost compared to some competitors.

Availability:

10. Federal Bank:

Federal Bank

Federal Bank FASTag is a reliable and user-friendly option for car owners seeking a secure and convenient way to manage toll payments. Its bank-backed security, ease of use, and occasional reward programs make it a strong contender.

ProsCons
5-year validity: Enjoy long-term use without needing frequent replacements.The initial issuance fee and minimum balance could be higher compared to some competitors.

Availability:

I did not discuss about PayTm FASTag here. In recent news, the Reserve Bank of India (RBI) has issued directives to Paytm Payments Bank, which will halt new deposits and credit transactions starting February 29th, 2024. So, unfortunately, you cannot recharge your Paytm FASTag with Paytm Payments Bank or its wallet after February 29th. This effectively renders the tag unusable once the existing balance depletes. so stay updated on their website or app.

Which FASTag is Best and Cheapest?

When it comes to choosing the “best” and cheapest FASTag, it all depends on what you’re looking for:

For those watching their wallet:
Park+ FASTag stands out as the most budget-friendly choice. No security deposit required. But keep in mind, it might have some limitations depending on where you use it. SBI FASTag is also a good option for budget-conscious drivers, with no fees for issuance or security deposit for cars.

If you want more features:
HDFC Bank FASTag and Paytm FASTag are worth considering. They have user-friendly mobile apps that make managing and recharging easy. Just make sure to check their current fees before making a decision.

Which Bank FASTag is Best?

When it comes to choosing a bank FASTag, it’s all about your banking preferences and any discounts available. Let’s compare:

SBI FASTag:
Great for SBI account holders looking for a simple, budget-friendly choice.

HDFC Bank FASTag:
Perfect for HDFC Bank customers who appreciate an easy-to-use app and simple recharge options. Check their fees for getting the tag and the minimum recharge amount.

ICICI Bank FASTag:
If you’re already an ICICI Bank customer and want a dependable option for cashless toll payments, this one’s for you. Visit their website to see their current features and fees.

Axis Bank FASTag:
Another option for Axis Bank customers who want an easy way to handle toll payments. Their website has all the details on any fees you might encounter.

Remember, the “best” FASTag is subjective. Consider your individual needs and priorities to make the best choice.

best FASTag in india
Photo Source: thequint.com

Important Tips:

  • Check for discounts and offers: Many issuers offer discounts on FASTag purchase or recharge during festive seasons or through partnerships.
  • Customer Reviews: Read online reviews and compare user experiences with different FASTag providers. This can offer valuable insights into customer service quality and app functionality.
  • Activate your FASTag promptly: Once you receive your FASTag, activate it online or through the issuer’s app to avoid delays.
  • Maintain sufficient balance: Ensure your FASTag account has enough balance to avoid toll plaza stoppages and potential penalties.
  • Download the issuer’s app: Most issuers have mobile apps for tracking transactions, managing balance, and troubleshooting issues.

How to Get a FASTag

Getting a FASTag is a simple process. Here’s a general guideline:

  1. Choose Your Provider: Select a FASTag provider based on the factors discussed earlier.
  2. Apply Online or Offline: Many providers offer online applications through their websites or mobile apps. Offline options include visiting issuing bank branches or designated points of sale.
  3. Submit Documents: The required documents may vary but typically include your vehicle registration certificate (RC), KYC documents (ID and address proof), and perhaps a passport-sized photograph.
  4. Receive and Activate FASTag: Once approved, you’ll receive the FASTag sticker. Follow the provider’s instructions for activation, which usually involves online registration and linking your FASTag to a payment source.
  5. Recharge: Ensure your FASTag has sufficient balance before your journey. Recharge options vary depending on the provider but often include mobile wallets, net banking, credit/debit cards, and physical recharge points.

Final Words

Selecting the best FASTag in India is to ensure toll payments are easy and stress-free. By thinking about the points we have talked about, you can choose wisely based on what suits your driving better and wallet best. Just keep in mind that a FASTag doesn’t just save time, it also helps make toll collection in India better. So, say goodbye to cash lines and welcome the ease of FASTag for smoother trips on Indian roads!

Disclaimer: The information provided is intended for general guidance only and does not constitute financial advice. It is recommended to visit the official websites or apps of the mentioned FASTag issuers for the latest information on fees, recharge options, and any ongoing promotions and any applicable terms and conditions.

Sources:

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