Customers in India use the FASTag electronic toll-collecting system to pay for tolls from their savings or prepaid accounts automatically. By reducing traffic congestion and avoiding toll booths, the FASTag gadget uses Radio Frequency Identification (RFID) technology to save commuters’ time.
According to CMIE, the National Payments Corporation of India (NPCI) reported that electronic toll collections in 2023-2024 were Rs. 636.2 billion. In this article, we have covered a list of the Best FASTag Providers Banks In India. So, let’s get started.
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Why You Should Use FASTag On Your Car (India)?
FASTag represents a critical technological advancement that has fundamentally transformed India’s transportation landscape. By enabling a smooth electronic toll-collecting system, FASTag has decreased pollution, enhanced road safety, and expedited traffic flow at toll plazas.
When your car passes through the toll booth, the toll booth label reader will read the FASTag attached to your car’s windshield and automatically deduct the cost amount from your FASTag account. You do not need to stop at the toll plaza, as was previously mentioned.
By installing a FASTag sticker on the windshield, drivers regularly navigate through toll booths without having to wait in long lineups or deal with monetary exchanges.
Here is the list of the top 5 banks for FASTag in India.
| Top Banks For FASTag | Links |
| SBI FASTag | Click Here |
| HDFC FASTag | Click Here |
| ICICI FASTag | Click Here |
| Axis FASTag | Click Here |
| Kotak Mahindra FASTag | Click Here |
Top 5 Banks For FASTag In India: Which Banks Should You Choose?
FASTag services are provided by some of the top banks in India, which makes it a well-liked choice for travelers. Below are some of the top banks for FASTag.
1. State Bank Of India
The largest bank in India, the State Bank of India (SBI), was established in 1806, making it more than 200 years old. SBI is a public sector bank that plays a crucial role in the nation’s financial system by offering a broad variety of banking and financial services to Indian citizens, corporate clients, and governmental organizations
With more than 22,000 branches and 58,000 ATMs throughout India, SBI aims to provide accessible and beneficial financial services to all societal segments. To further enhance its worldwide reach, the bank currently operates in over thirty countries.
Features Of SBI FASTag
One of the finest benefits of the gadget is that customers can quickly link their SBI account to the SBI FASTag and recharge it online using the SBI web or mobile app.
Another noteworthy benefit is its interoperability, which lets users pay at any toll booth in India, independent of the bank that issued the card. The SBI FASTag now offers SMS notifications that enable users with real-time access to information about their account balance and transaction history.
Benefits Of Using SBI FASTag
SBI FASTag offers companies and individuals several benefits. Primarily, it streamlines the costs of installment procedures by providing a convenient and easy method for electronic toll payment, saving workers valuable time.
Cashback is available to users at all National Highway toll plazas for toll payments. SBI FASTag promotes financial transparency and accountability by providing detailed exchange reports that are easily accessed online.
Availability and Application Process
Users can apply for an SBI FASTag in person at a local SBI bank or conveniently online at the corporate website. Usually, customers must present a passport-sized photo together with the proper paperwork, which includes identity and address verification and a certificate of car registration.
Upon submission and processing of the application, customers may expect to get their FASTag within a few days.
Toll-Free Number – 1800-11-0018
Email – [email protected]
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2. HDFC Bank
HDFC Bank has been a well-known name in the banking industry since its founding in 1994 because of its creative ideas and first-rate client support. One of the largest private sector banks in the country, HDFC Bank India provides a wide range of financial products and services to its customers.
HDFC Bank provides tailored financial solutions to meet the specific needs of individuals and businesses and has a strong presence in both urban and rural areas. For the bank, asset quality, profitability, and customer happiness have all continuously been rated highly.
Features of HDFC FASTag
It has an easy and convenient payment method, which does away with the necessity for cash transactions at toll plazas. This lessens traffic and raises driving safety.
Recharging the FASTag online is made simple by the HDFC website and mobile app, which also lets customers view their account balance and transaction history instantly. Furthermore, compared to traditional toll payments, HDFC FASTag offers quicker transaction processing times.
Benefits Of Using HDFC FASTag
HDFC FASTag has several benefits that apply to both people and companies. Immediately eliminating the need for money exchanges at toll booths, the FASTag ensures a reliable and hassle-free ride on streets and highways.
This not only saves time, but it also considerably lessens traffic jams. To further reduce their travel expenses, HDFC FASTag users may also benefit from cashback offers and reductions on toll payments. It is valid for five years. HDFC Bank comes out as one of the best options due to its extensive reach and effective customer care.
Availability And Application Process
An HDFC FASTag is readily available from several locations, including online portals, designated bank offices, and approved service providers. The application may be turned in in person at one of HDFC’s nearest branches or online via the company website.
Candidates are asked to provide important documents throughout the application procedure, such as car registration certificates, KYC details, and passport-sized photos. After completing and accepting their application, customers will receive their FASTag in a few days, either at the bank or by courier.
Toll-Free Number – 1800-120-1243
Email – [email protected]
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3. ICICI Bank
Offering a broad variety of financial services to both individuals and businesses, ICICI Bank is one of the top private sector banks in India. ICICI Bank has made a name for itself in the Indian banking industry since its founding in 1994.
ICICI Bank has a significant presence in both urban and rural regions since it has over 5,275 branches and 15,589 ATMs nationwide. The bank offers a variety of products and services, such as savings accounts, fixed deposit accounts, loans, Mastercards, and security products.
Features of ICICI FASTag
A crucial feature is the option to automatically deduct toll costs, which saves time and removes the requirement for cash transactions at toll plazas.
An additional benefit is that adding money to the FASTag while on the road is simple thanks to the ability to recharge it online through the ICICI website or mobile app with a debit card, online banking, RTGS, NEFT, or UPI.
Customers may easily keep an eye on their spending with FASTag’s SMS alerts for every transaction. ICICI FASTag also offers priority lanes at some toll plazas, allowing for quicker passage through crowded regions.
Benefits Of Using ICICI FASTag
FASTag from ICICI benefits both individuals and businesses in a number of ways. FASTag users benefit from a simple toll payment method that reduces waiting times and increases road efficiency.
FASTag also facilitates quick electronic payments, which helps to reduce traffic jams at tollgates. The bank will provide you with a FASTag customer portal, which you may use at any moment to see your account statement.
Availability And Application Process
Applicants must complete a form with details about themselves and their car, in addition to submitting necessary files including a copy of their driver’s license, an ID, and a passport-sized photo.
After submitting the application and making the required online fee payments, candidates will get a confirmation email with a reference number. A courier will deliver the FASTag to the specified address in seven to ten business days.
Individuals can also go to the nearest ICICI Bank office or authorized assistance location to submit a Quick Label application in person. Drivers who wish to streamline their toll payments can do so quickly and easily by obtaining an ICICI FASTag, which is easier to issue and get online application forms.
Toll-Free Number – 1800 2100 104
Email Id: [email protected]
4. Axis Bank
Offering a broad range of financial services and products, Axis Bank is one of the top private sector banks in India, serving varied users. Leading the way in digital banking solutions, Axis Bank offers users safe, quick access to their accounts from anywhere at any time.
The bank demonstrates its commitment to client satisfaction through its efficient grievance resolution procedures and individualized services. Furthermore, Axis Bank’s reputation for corporate governance and transparency has helped it win the trust of both individual and institutional clients.
Features Of Axis FASTag
Axis Bank offers a number of services, including their FASTag service, to make it simpler and more efficient for users to pay tolls. One standout feature is the reliable online recharge option via RTGS, NEFT, online banking, credit card, or cheque, which enables users to top off their FASTag accounts whenever and wherever they choose without physically needing to visit a bank.
Better cost tracking and transparency are made possible by Axis Bank’s real-time notifications and alerts for each FASTag transaction. In order to further improve the user experience, the bank also offers 24/7 customer support for any questions or help pertaining to FASTag services.
Additionally, Axis Bank’s FASTag offers instant blockage as part of its security capabilities, giving clients’ accounts an extra layer of security in the case of theft or misuse.
Benefits Of Using Axis FASTag
Axis FASTag’s many advantages make it an efficient and user-friendly toll payment option. By avoiding lengthy lines at tollgates, Axis FASTag users may save a great deal of time and ultimately improve their overall travel experience.
Through an online portal, Axis FASTag users can easily control their costs and keep track of their spending patterns by providing them with access to a full transaction history.
Additionally, the automated deducting of toll rates without the need for cash or human transactions makes for a hassle-free and no-contact payment process. Axis FASTag also encourages eco-friendly behavior by using less fuel and paper receipts as a result of faster toll plaza wait times.
Availability And Application Process
To apply for an Axis FASTag, people can visit the official Axis Bank website or contact the bank that is nearest to them.
During the application process, customers are usually required to provide personal information such as name, address, and vehicle details along with pertinent papers like identity verification and car registration.
Users will receive their Axis FASTag by dispatch within a few days after the application is approved. This user-friendly administration increases computerized installments and saves time and hassle.
Toll-Free Number – 1800-419-8585
Email – [email protected]
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5. Kotak Mahindra Bank
One of the major financial organizations in India, Kotak Mahindra Bank has a strong presence in both the retail and corporate banking sectors.
Uday Kotak founded the bank in 1985, and since then, it has established a solid reputation as a reliable brand in the industry, renowned for its creative products and customer-focused philosophy.
Kotak Mahindra Bank helps individual and commercial customers with a wide range of financial services, such as investment accounts, loans, enterprises, and insurance.
Features Of Kotak Mahindra FASTag
Kotak Mahindra FASTag provides a range of features aimed at simplifying and enhancing the toll-payment for drivers. Customers may easily recharge the FASTag online with the bank’s user-friendly webpage, which also allows them to quickly manage their account balance from anywhere.
Also, it eliminates the need to send actual cash and offers a credit-only payment option at toll plazas, saving time. The customer’s Kotak Mahindra account is linked to the FASTag, ensuring safe transactions and ongoing balance updates.
Benefits Of Using Kotak FASTag
The convenience and productivity that Kotak Mahindra FASTag provides in cost installments is one of its main benefits. Thanks to this automated toll-collecting system, users may pass through toll booths quickly and without stopping to pay with cash.
Time is saved, and there is less traffic on the highways. Furthermore, by promoting digital transactions, Kotak Mahindra FASTag eliminates the need for physical money conversion at toll plazas. This makes for a responsible and transparent cost assortment while also addressing the installment cycle.
Availability and Application Process
For the quick and easy application process, applicants must apply in person at a Kotak Mahindra Bank branch or online via the bank’s website.
After providing basic information such as identification proof, address validation, and vehicle enrollment approval, customers may receive their FASTag in a few days. Once the FASTag is enabled, it may be linked to the customer’s Kotak Mahindra Bank account, enabling smooth payments at India’s toll booths.
Toll-Free Number – 1860 2666 888
Email – [email protected]
Wrap-Up On Best Fastag Providers Banks In India
Overall, it’s important to look at a variety of aspects while evaluating the best banks in India for FASTag, including customer service, ease of usage, network accessibility, and other features offered.
Given these criteria, your unique needs and preferences should be taken into consideration while selecting an Indian bank for FASTag services.
We hope this comprehensive guide has helped you find the top banks for FASTag in India. If you still have any questions or doubts regarding any of these recommended banks, please let us know in the comments below.
FAQ: Top Banks For FASTag In India
FASTag is now required for those who want to avoid standing in long queues at toll plazas and save time due to the increasing number of cars on the road. We’ve put up a few frequently asked questions concerning the top banks in India that provide FASTag services to help you better understand this automated payment system.
Q1: How Can I Recharge My FASTag Account With Top Banks?
Ans: With these leading banks, you may recharge your FASTag account via their websites, mobile banking apps, online banking, UPI, or certain point-of-sale locations.
Q2. What Happens If I Lose Or Damage My FASTag?
Ans: You can call the bank’s customer care number to get a replacement FASTag if you misplace or damage the current one.
Q3 . Can I Use My FASTag Across All Toll Plazas In India?
Ans: Yes, you can use your FASTag at any toll plazas in India that are compatible with the system.
