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Saraswat Bank is one of the designate member banks under 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). It is authorized to issue FASTags to its customers and general applicants.
FASTag is an electronic toll collection system in India, operated by the National Highway Authority of India (NHAI). It employs Radio Frequency Identification (RFID) technology for making toll payments directly from the prepaid wallet linked to the FASTag. The tag should be affixed on the windscreen of the vehicle and enables the vehicle to zip through toll plazas without stopping for cash transactions. The tag can be purchased from official POS points at any of the toll plazas or through participating Banks.
About Saraswat Bank FASTag
FASTag was introduced with the objective of implementing smooth and hassle-free journeys on national highways. As your vehicle approaches the toll gates, the RFID chip is read by the tag reader and the corresponding toll charges are automatically deducted from the tag wallet. This saves enormous time and cost for the users as well as the government. FASTag is presently operational at 408 toll plazas across national and state highways. More toll plazas will be brought under the FASTag program in the future.
Applicants can visit their nearest branch of Saraswat bank to register for a FASTag. They need to submit a copy of the Vehicle Registration Certificate (RC Book) and a passport size photo to the branch to get their FASTag. The bank requires that the applicant have a savings account with the Bank so that the account can be linked to the FASTag. If the applicant does not have a savings bank account with the bank, they can open one instantly at the branch with minimal documentation.
The following documents have to be submitted 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:
ID proof and Address proof from the list mentioned, and 1 passport size photograph
Voter ID Card
Aadhaar Card (with Address)
Public Ltd./ Private Ltd./ Partnership
Certificate of Incorporation/ Partnership Deed/Registration certificate of the firm
PAN Card of Proprietor
PAN Card of the corporate
Address Proof of the Proprietor
Photo ID of signing authority
Shop Act or other Firm Proof
List of Directors with addresses/Name and addresses of Partners
Any other document if asked by the Bank
Board Resolution (only for Public / Pvt. Ltd. Companies)
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. Which are the roads where the tag can be used?
Currently FASTag operates at 400+ toll plazas throughout national and state highways. There are steps being taken to include more toll plazas under the FASTag system.
2. Do I need to use any specific lane at the toll plaza for FASTag?
Yes, you can use the lanes allocated at the toll plaza for FASTag.
3. How can I avail a monthly pass?
The monthly pass facility is specific to each toll plaza. Please contact the respective toll plaza for your area for more information.
4. 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.
5. What will happen to the tag 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.
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