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Nagpur Nagarik Sahakari Bank Ltd (NNSB) is one of the designated member banks for the National Electronic Toll Collection (NETC) program managed by NPCI (National Payments Corporation of India) as per guidelines from NHAI (National Highways Authority of India) and IHMCL (India Highway Management Company Limited).
NNSB is authorized to issue FASTags to applicants for use on National Highways.
FASTag is a tag that uses Radio Frequency Identification (RFID) technology for making toll payments directly from the account linked to it. FASTags were introduced with the objective of doing away with those long queues at toll plazas. The tag has to be affixed to the windscreen of your car, and it allows for electronic toll deduction from a prepaid wallet and lets you cruise through the toll gates. You do not have to wait to make a cash transaction at the toll plaza, thus, removing the hassle of carrying cash for toll payments.
These FASTags can be pre-loaded with money and used to pay for your vehicle toll payments electronically. When the vehicle passes through the toll gate, the RFID reader at the toll plaza receives information about the vehicle and the toll amount is deducted automatically from the FASTag wallet, thus saving valuable time & money for the users.
FASTag is currently accepted at 460+ Electronic Toll Plaza across National Highways. Users can make use of the demarcated ETC FASTag lanes at the toll plaza and get the toll fee directly deducted from their FASTag wallet. This has saved an enormous amount of time and fuel for all its users. They also need not worry about carrying cash for the toll payments. The NETC system is inter-operable and the same FASTag can be used across all toll plazas under the National Electronic Toll Collection (NETC) program. Planning is underway to include more toll plazas under the ambit of FASTag.
About Nagpur Nagarik Sahakari Bank Ltd FASTag
The primary objective of FASTag was to remove congestion on national highway toll plazas. Since the toll payment is done automatically, it reduces waiting times at toll gates.
You need to submit the following documents along with the application for FASTag:
1. Registration Certificate (RC) of the vehicle.
2. Passport size photograph of the vehicle owner.
3. KYC documents as per the category of the vehicle owner, for opening a bank account to be linked with the Tag:
Corporate [Public Ltd./ Private Ltd./ Partnership]
Points to remember:
NNSB customers have to open a current account through which all the toll transactions will be routed. This account will not come with a Cheque book and Debit Card. However, Internet banking facility shall be provided. Credit transactions to the account shall be permitted through cash deposit/ cheque deposit/ NEFT/RTGS/ IMPS, etc.
You need to maintain a minimum threshold balance of Rs. 6,000/- in the current account. If the account balance falls below Rs.6000/-, the status of all the tags linked to the said account will be changed to low balance and auto-debit facility for all tags will be discontinued and the customer will have to pay toll amount in cash.
Once you have recharged the account and restored the threshold requirement of Rs.6000/-, the auto-debit facility for all tags will be immediately restored. Out of the threshold balance of Rs. 6000/-, an amount of Rs. 5000/- will be lien marked. The customer will not be able to use this amount (Rs. 5000/-) for any transaction.
FASTag has a one time Fee of Rs.100 for tag issuance exclusive of taxes. In addition to this, a refundable security deposit depending on the vehicle type has to be kept with the Bank. Please check the 'Fees and Charges' section for details. Following are the tag charges (Tag issuance charges and Security Deposit)
Car/Jeep/Van/Tata Ace and similar mini Light Commercial Vehicle
LCV (Light Commercial Vehicle)
Three Axle Commercial Vehicle/Bus
Bus/Truck 2 Axle
Truck/ Tractor 4 to 6 Axle
Truck 7 or Multi Axle
Earth Moving/ Heavy Construction Machinery
1. Is there any incentive/discount on Toll payments using FASTag?
Yes, a cashback of 2.5% can be availed on all Toll payments using FASTag in FY 2019-20.
2. On which highways/roads can FASTag be used?
FASTag is presently operational at 400+ toll plazas across National Highways across India. Additional toll plazas will be brought under the FASTag program in the future. Please check the list of active toll plazas under the ETC program on their official page.
3. How is FASTag used for toll payment?
FASTag uses Radio Frequency Identification (RFID) technology to provide contact-less toll collection system at all National Toll Plazas. When the vehicle passes through the toll gate, the RFID reader at the toll plaza receives information about the vehicle and the toll amount is deducted automatically from the FASTag wallet, thus saving valuable time & money for the users.
4. What if I relocate to another city?
FASTag is inter operable and will work on all enabled toll plazas. In case of change in city or address, you can inform the Issuer Agency/Bank.
5. Is there a separate lane for FASTag users?
Yes, FASTag users will always get a separate lane at toll plazas which will be only used by FASTag affixed vehicles. This allows for faster passage through toll gates.
6. Will I get any concessions given to local vehicles if I reside within 10 Km of a toll plaza?
You can take the FASTag and submit the proof of your stay within the 10 Km of your toll plaza. Once verified you will get the concessions.
7. How can I get a monthly pass?
Monthly passes are specific to each toll plaza. Contact your nearest toll plaza for more details.
8. What is the validity of the FASTag?
The FASTag validity is for 5 years. Once you have purchased it, you just have to recharge or top up FASTag as per your requirement. You can do this online through credit or debit card, Netbanking or UPI Apps.
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