Interested in financial products
CreditMantri
Processing

YES Bank FASTag Introduction

FASTag is an initiative by the Government of India, in collaboration with National Payments Corporation of India (NPCI), under the guidelines of National Highways Authority of India (NHAI) and the Indian Highways Management Company Ltd (IHMCL). FASTag has been developed under the NETC program, that is National Electronic Toll Collection.

This programs allows collection of toll charges electronically without any human intervention, thus, reducing the rush at toll plazas across the country. The FASTag is a device which uses RFID technology, that is Radio Frequency Identification, which will deduct the toll charges automatically from a prepaid wallet, when the vehicle passes through FASTag lane of toll plaza. This FASTag sticker must be affixed to the windscreen of your car, so that 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 to 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.

YES Bank is a designated bank authorized to issue FASTags to applicants.

Key features and benefits of YES Bank FASTag

Yes Bank Fastag
  • Saves Fuel and Time: 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.
  • No More Queues and Need To Carry Cash: Customers don't have to wait in long queues in tolls and don't have to concern themselves with paying cash for tolls
  • SMS alerts for each toll transaction: Users get instant SMS notification for every toll plaza transaction carried out on their tag account. This enables the user to keep a tab on their account balance.
  • Corporate Loading: Corporate can register for multiple FASTag accounts online through NEFT/ RTGS or Net Banking in batches.
  • Cashback offer: Users can get a cashback of 2.5% on all toll payments using FASTag up to March 31, 2020
  • Web portal for tag holders: FASTag users can create an account on the online portal to manage their tag account without any hassles. They can check various things like tag balance, transactions and account information on this online portal.

How can I buy YES Bank FASTag?

Customers can apply for YES Bank FASTag visiting their nearest branch of YES Bank FASTag or at POS location of the bank, which have been established near the toll plazas. Please follow these steps to register for a YES Bank FASTag for your vehicle:

  • Visit the point of sale location of the bank along with your four wheeler for which you want to get FASTag.
  • Get the YES Bank FASTag application form from the banking representative. 
  • Fill the form and provide all the details required in the form.
  • Verify the filled in information and submit it in the bank along with the relevant documents.
  • After the verification of your form, the FASTag for your vehicle will be issued.
  • Affix it on your vehicle windscreen and get ready to cruise through toll plazas seamlessly.

What are the documents required to register for YES Bank FASTag?

Please submit the below documents along with the duly filled in application form. Please remember to carry the original document for verification while visiting the bank.

  • Registration Certificate (RC) of the vehicle.
  • Passport size photograph of the vehicle owner
  • KYC documents as per the category of the vehicle owner

Individual

ID proof and Address proof from the list mentioned, and 1 passport size photograph

Driving License

PAN Card

Passport

Voter ID Card

Aadhaar Card (with address)

A valid driving license would be sufficient for Address & ID proof.

Corporate

Public Ltd./ Private Ltd./ Partnership

Proprietorship

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

 

How do I recharge my FASTag account?

One can recharge their FASTag account online through Debit Card, Credit, Net Banking & other online payment modes. KYC Compliant accounts can be recharged up to Rs.1 lakh and non-KYC Compliant accounts can be recharged with up to Rs. 10,000 at a time. Users may also recharge their tag account at any of the YES Bank branches or PoS locations near Toll Plazas by paying cash.

How to Recharge YES Bank FASTag online?

After you apply for YES Bank FASTag and the application has been processed, an SMS will be sent by the bank on your phone to login to your FASTag account. You have to visit the YES Bank FASTag login link, in the message, and enter the username and password to access your YES Bank FASTag wallet.

  • When you login for the first time, you will see the account number and IFSC number for your YES Bank FASTag wallet.
  • Add this account number and IFSC Code in your preferred bank account as a beneficiary.
  • After that you can transfer the amount by which you want to recharge your account through IMPS, NEFT and RTGS.
  • The amount will be credited instantly in your YES Bank FASTag wallet.
  • There is no limit on the recharge amount and you can recharge with any amount you want.

YES Bank FASTag Charges

Sr. No.Vehicle Class No.ParticularsSecurity AmountMinimum Balance

1

4

Car / Jeep / Van/ Tata Ace and similar mini light commercial vehicle

200

100

2

5

Light Commercial Vehicle

300

140

3

6

Three Axle Commercial Vehicles

400

300

4

7

Bus/Truck

400

300

5

12

4 to 6 axle

400

300

6

15

7 or More Axle

400

300

7

16

Heavy Construction Machinery (HCM)/Earth Moving Equipment (EME)

400

300

YES Bank FASTag FAQs:

1. Is there any minimum or maximum value for the tag recharge?

YES, the minimum recharge amount is Rs.100 and maximum is Rs.1 lakh for a Full-KYC Account.

2. I have two vehicles; can I use the same FASTag for both vehicles?

No, you will need to take two separate FASTags for each vehicle.

3. What do I do if the ETC equipment in the toll plaza is not working?

In case ETC equipment is not working and your FASTag account has sufficient balance, you can just pay the toll fee in cash at the plaza. You can call the YES Bank customer care to report the issue with the concessionaire.

4. What do I have to do if my RFID Tag is damaged? What will happen to the account balance?

In case your FASTag is damaged or lost, you have to call the YES Bank customer care number immediately to block your FASTag. Once a new tag is issued, the balance will be transferred to this new tag.

5. How would I know that the correct user fee has been deducted from my FASTag account?

You will receive an SMS alert in your registered phone number each time a balance is deducted from your FASTag account.

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.

9. 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.

10. 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.

×Thank you! Your comment will be reviewed and posted shortly.

CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf.