Paytm FASTag for commercial vehicles – here’s all you need to know

Paytm FASTag is a small, re-usable tag that can be affixed to your commercial vehicle’s windshield and is valid at more than 530 toll plazas. It works on RFID technology that allows instant cashless payments from your Paytm Wallet and ensures you zip through the highway tolls.

Here’s how you can purchase Paytm FASTag, its activation process, cost, benefits, and all the other information -

Benefits

Paytm FAStag offers a host of advantages to the commercial vehicle owners, including -

·         Easy to manage - We offer easy reconciliation and fleet management through the 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 gets auto-debited from Paytm Wallet and the balance can also be used for shopping, recharges, bill payments, etc.

·         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 - The FASTag is delivered free of cost at your doorstep and you do not need to pay any shipping 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?

Unlike other banks, we do not ask for a long list of documents. 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 avail the 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.

Activation and recharge process

The Paytm FASTag gets automatically activated once you submit the documents. To recharge, simply add money to your Paytm Wallet and the toll payment will get auto-deducted once you cross the FASTag lane on NHAI toll plaza.

How to use Paytm FASTag?

It just takes just three steps to start using our FASTag. Here you go -

Step 1: 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 on 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: