Here’s all you need to know about Paytm FASTag for Commercial Vehicles

Here’s all you need to know about Paytm FASTag for Commercial Vehicles

Why waste your time waiting in the long queue at toll plazas when you can zip through tolls? All you need to is get your Paytm FASTag and save that extra time while driving on highways.

With Paytm FASTag, we want to ensure easy movement of commercial vehicles across the country and doing our bit to boost the economy.

Paytm FASTag is valid at more than 530 toll plazas. It is a small and reusable tag which you need to fix on your commercial vehicles windshield, it works on the Radio-Frequency Identification (RFID) technology. This tag is linked to your Paytm wallet to facilitate instant automatic deduction of toll charges. Paytm Payments Bank has partnered with 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.

Here’s everything you need to know about Paytm FASTag:

Benefits:

Paytm FAStag offers multiple benefits for commercial vehicle owners, let’s have look:

• Easy to manage- We offer easy reconciliation and fleet management through Paytm app. You can see all your transactions in your passbook and manage multiple FASTags on our app
• No separate recharge needed- The money for toll payments get auto-debited from Paytm Wallet balance, you need not do any additional recharge for your FASTag
• No hidden fees- We charge zero convenience fee for adding money to the wallet or any transaction at the toll plaza
• Cashbacks assured- We offer 2.5% monthly assured cashback on every transaction along with other cashback offers
• No shipping charges- Paytm FASTag is delivered free of cost at your doorstep without any delivery charges

To accelerate the adoption of electronic payments at toll plazas and help commercial vehicle owners conveniently purchase the tags, we have set up camps across 200 cities and towns including Delhi-NCR, Mumbai, Kolkata, Agra, Rajkot, Mysore, Jaipur, Bikaner, Aligarh, Chandigarh, Ranchi and Kochi. Further, we are targeting to issue more than 2 million Paytm FAStags in the next 3 months.

What are the documents required to purchase Paytm FASTag?

We need minimum documents to issue your FASTag. Individual vehicle owners buying FASTag for their commercial vehicles need to submit a proof of RC. Corporate companies need to additionally provide proofs for GST Certificate, canceled cheque, ID proof/ PAN Card.
How to purchase?
To buy Paytm FASTag for a commercial vehicle, please share your required details here and our team will contact you or you can reach us at 1800–102–6480 & Press 1.

How to activate & recharge?

Paytm FASTag will be auto-activated once you submit the documents. All you need to do is add money to your Paytm Wallet and start using it.

How to use Paytm FASTag?

Using Paytm FASTag is very easy, all you need to do is follow the simple steps mentioned below:

Step 1: Post-purchase, affix the tag on your vehicle’s windshield.

Step 2: Add sufficient money to your Paytm Wallet using UPI or from any bank account.

Step 3: Enter dedicated FASTag lane at NHAI Toll Plaza. Reader at the plaza will read your tag’s detail and applicable toll charges will automatically get deducted from your Paytm wallet.

Paytm FASTag cost:

The cost varies depending upon the vehicle type. It can be broken down into the one-time tag joining fee (Rs. 100), security deposit (Rs. 250) and the minimum balance (threshold amount) that needs to be maintained. Here’s the detailed list:
NPCI Vehicle Class, Description and Threshold Amount

4- Car/ Jeep/ Van: Rs. 150
5- Light Commercial Vehicle– 2 axle: Rs. 200
6- Bus– 3 axle: Rs. 350
6- Truck– 3 axle: Rs. 350
7- Bus– 2 axle/ Minibus, Truck– 2 axle: Rs. 250
12- Tractor/ Tractor with trailer, Truck 4, 5 & 6 axle: Rs. 450
15- Truck 7– axle and above: Rs. 550
16- Earth Moving/ Heavy Construction Machinery: Rs. 650
The re-issuance fee is Rs. 100 for all types of commercial vehicles.

So wait no more! Get your Paytm FASTag today and save spending that extra time on highways.

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