FASTag's are simple, reusable tags to be affixed on a vehicle's windshield to facilitate instant automatic deduction of govt. toll charges.
With the government extending the deadline of implementation of FASTag for all the payments at NH toll plazas to 15th December 2019, it's the time to switch to Paytm FASTag and avail its benefits.
Paytm Payments Bank Ltd. (PPB), India's largest and only profitable payments bank has become the highest issuer of FASTags in the country. It has sold 6 lakh tags in the month of November itself and is actively expanding its reach. Here are the top 5 benefits of using Paytm FASTag, how you can purchase it and other information.
· No Recharge Needed
The buyers of Paytm FASTag do not need to create any separate prepaid account to recharge their tag. The money is deducted directly from the Paytm wallet and can be used for making other regular payments as well.
· Zero Convenience Fee
The users of Paytm FASTag do not need to pay a convenience fee on any transaction at the toll plazas or for adding money to their wallet.
· Free Delivery at Doorstep
Paytm FASTag is delivered free of cost at the registered address of the buyer and therefore, the customer does not need to pay any shipping charges.
· Easy Access to Digital Receipt
The Paytm FASTag users can conveniently access the digital receipt of each transaction in the passbook section on their Paytm app.
· Free Movie Ticket
Apart from receiving 2.5 per cent cashback on all toll transactions done at NHAI plazas for the financial year 2019-20, the users also stand a chance to win a free movie ticket as well.
What is a FASTag?
The FASTag is a simple and reusable tag that works on the Radio-Frequency Identification (RFID) technology. It needs to be affixed on the vehicle’s windshield. Each tag is linked to a pre-paid wallet to facilitate instant automatic deduction of toll charges. Paytm Payments Bank has partnered with the National Highways Authority of India (NHAI) as a part of the National Electronic Toll Collection (NETC) program to allow easy zipping through highway tolls using the Paytm FASTag.
Where and how to buy a Paytm FASTag?
Paytm Payments Bank gives passenger vehicle owners an option to buy FASTag online on the website or Paytm app and get it delivered free of cost at their doorsteps. Please click here to buy your Paytm FASTag now. The tag issuance cost is Rs 100, customer needs to pay Rs 500 where Rs 250 is for security deposit and Rs 150 is the minimum balance to be maintained (both of which stay with the user).