FASTag fees: The FASTag system permits drivers to pay toll fees seamlessly whereas driving, eliminating the necessity to cease and deal with money. To make sure clean toll fee, it is necessary to keep up enough stability in your FASTag account and recharge it as wanted.Based on ET, a FASTag consumer has to incur fees, together with a one-time issuance payment, re-issuance payment, and a safety deposit.Based on the HDFC Financial institution web site, the fees for FASTag activation are nominal. Nonetheless, there are three varieties of FASTag fees:Tag Becoming a member of Payment: It is a one-time cost levied solely once you register as a FASTag consumer. It initiates and prompts the Tag in your automobile.Safety deposit: A small quantity is taken as a safety deposit, which is totally refundable if there aren’t any dues once you shut the account. The quantity varies relying in your automobile class. If there are inadequate funds in your Tag account, the safety deposit is likely to be utilized by banks to cowl excellent toll fees.Threshold quantity: That is the minimal recharge quantity required on the time of Tag activation. The complete threshold quantity is offered in your Tag account to pay for toll fees instantly upon activation. The brink quantity is dependent upon the automobile class.ALSO READ | Paytm Funds Financial institution disaster: RBI releases FAQs for purchasers – all queries on UPI, FASTag, Paytm pockets answered; examine full listComparison of fees by prime issuersHere’s an inventory of main FASTag issuers and their related charges, based mostly on web site data as of February 24. The safety deposit quantity talked about is for vehicles, jeeps, and comparable automobiles.HDFC BankThe present HDFC payment is Rs 100, which incorporates relevant taxes. The safety deposit for vehicles, jeeps, vans, Tata Ace, and comparable mini-light business automobiles is Rs 100.ICICI BankThe financial institution fees Rs 99.12, together with GST, as a Becoming a member of Payment. The safety deposit for vehicles, jeeps, and vans is Rs 200, and the brink quantity can also be Rs 200.SBIState Financial institution of India doesn’t cost any tag charges or safety deposits for vehicles, jeeps, vans, Tata Aces, and different compact gentle business automobiles. Nonetheless, it is important to notice {that a} minimal stability of Rs 200 is required for FASTag activation.Axis BankAxis Financial institution doesn’t cost any issuance payment for FASTag. For re-issuance, the financial institution fees Rs 100 inclusive of all taxes. Moreover, the financial institution fees a safety deposit of Rs 200 for automobiles like vehicles, jeeps, and vans.ALSO READ | FASTag KYC replace FAQs answered: The way to examine if KYC is incomplete, updation course of & extra to keep away from blacklistingBank of BarodaBaroda FASTag has a one-time payment of Rs 150 plus Items and Companies Tax (GST). The refundable safety deposit varies based mostly on the automobile kind. For vehicles, jeeps, and vans, a safety deposit of Rs 200 is charged, together with a threshold restrict of Rs 200.Canara BankCanara Financial institution fees Rs 100 for each issuance and re-issuance charges. Moreover, there’s a comfort payment of the particular price plus Rs 10.00 for on-line reload of the Tag. For automobiles like vehicles, jeeps, and vans, the safety deposit is Rs 200, and the brink quantity is Rs 100.IDBI BankIDBI Financial institution fees a re-issuance payment of Rs 100, inclusive of taxes. The financial institution additionally fees a tag deposit of Rs 200, and there’s no threshold quantity required.Kotak Mahindra BankThe financial institution fees Rs 100 for VC4 because the tag becoming a member of payment and Rs 200 because the tag deposit. There aren’t any fees for re-issuance, and the brink quantity isn’t relevant.IndusInd BankIndusInd Financial institution fees a safety deposit of Rs 200 and a threshold quantity of Rs 200 loaded into the client’s pockets. Additionally they cost a one-time tag becoming a member of payment of Rs 100 and a reissuance payment of Rs 100.PNBFor automobiles like vehicles, jeeps, and vans, a safety deposit of Rs 200 is charged, and the brink quantity is Rs 100. A substitute payment of Rs 100 will likely be relevant.Airtel Funds BankFASTag has a one-time payment of Rs 100 together with GST. The tag becoming a member of payment, which is a one-time payment, is Rs 99.99 together with all relevant taxes. Equally, the one-time tag re-issuance payment is Rs 99.99 together with all relevant taxes. The refundable safety deposit varies based mostly on the automobile kind. For vehicles, jeeps, and vans, the one-time safety deposit quantity is Rs 150.PaytmPaytm fees Rs 100 for the Tag Issuance Payment (One-time), which incorporates Rs 84.75 for the payment and Rs 15.25 for GST. Moreover, they cost Rs 100 (inclusive of GST) for Tag Reissuance Payment. Paytm additionally fees Rs 250 as FASTag Safety Steadiness.
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