Fino Payments Bank offers FASTag to enable hassle-free payments at toll plazas. It is a tag that works on Radio Frequency Identification Technology (RFID) and allows you to cross toll plazas without you having to stop and make cash payments. FASTag is valid for 5 years and as per your requirement, you can top-up or recharge your FASTag account. You can avail a cash back of 2.5% on toll payments done during the financial year 2019-20.
You can get a FASTag from Fino Payments Bank either online or at FINO Point of Sale (POS) locations by registering your vehicle. Please ensure that you carry the Registration Certificate of your vehicle along with the short code that was generated at the POS location. If you are a new customer of Fino then you will need to carry your Know-Your-Customer (KYC) documents such as Permanent Account Number (PAN) card, passport, driving licence, Aadhar card, government issued ID card, etc.
To apply for FASTag online, please follow the below-given steps:
You will have to pay a one-time joining fee of Rs.100 plus Goods and Service Tax (GST) and a tag deposit fee which will vary with vehicle class to get a FASTag from Fino Payments Bank. You will also need to maintain a threshold amount which is the minimum recharge amount that you will need to do while getting your FASTag activated. The tag deposit amount and threshold amount for Fino FASTag has been given below:
Vehicle Class | Description | Threshold Amount | Tag Colour | Tag Deposit |
4 | Jeep/Van/Car | Rs.200 | Violet | Rs.200 |
4 | Tata Ace and similar mini light commercial vehicle | Rs.100 | Violet | Rs.200 |
5 | Minibus/light commercial vehicle | Rs.140 | Orange | Rs.300 |
6 | Bus 3 Axle | Rs.300 | Yellow | Rs.400 |
6 | Truck 3 Axle | Rs.300 | Yellow | Rs.500 |
7 | Truck 2 Axle/Bus 2 Axle | Rs.300 | Green | Rs.400 |
12 | Truck 4,5,6 Axle/Tractor/Tractor with trailer | Rs.300 | Pink | Rs.500 |
15 | Truck 7 Axle and above | Rs.300 | Blue | Rs.500 |
16 | Earth Moving/Heavy Construction Machinery | Rs.300 | Black | Rs.500 |
To get a FASTag from Fino Payments Bank, you will have to submit an application form along with the below-given documents:
Yes. If you have lost your FASTag and wish to get a replacement, you will need to contact the issuer and get it blocked. Once the old FASTag account is closed, you will get a replacement FASTag for which you will be charged Rs.200.
In case of any grievances, you can get in touch with the customer care number of Fino Payments Bank at 02268681414.
No. Each vehicle is issued a unique FASTag based on the category of vehicle and the KYC documents submitted. Using the FASTag issued to one vehicle on another vehicle may attract a penalty and hence, you should refrain from such activities.
FASTag will be affixed to the windscreen of your vehicle and when it passes the toll plaza, it will be read by the FASTag reader at the toll gate. The toll amount will then be automatically debited from your FASTag account.
Yes. There will be a separate lane at toll plazas for only those vehicles that bear a FASTag.
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