Saraswat Bank FASTag

FASTag is a facility which allows you to pay your toll fees without having to stand in long queues or make your payment using cash. FASTag uses a radio frequency tag where the tag reader reads the FASTag and the said toll amount is automatically debited from your bank account thus saving you time and effort. Today various banks in India are offering this facility including Saraswat Bank. If you are a customer of Saraswat Bank and own a vehicle, then you can use the FASTag facility to pay your toll-fees without any hassle.

Benefits of using Saraswat Bank FASTag:

Some of the features and benefits of using Saraswat Bank Ltd FASTag are:

  • No need to stand in long queues anymore to pay your toll fees
  • You get to save time and fuel
  • There is no requirement to carry cash anymore to pay your toll fees
  • You receive an SMS alert every time you use the FASTag facility to pay the toll-fees
  • The process of paying the toll-fees is extremely easy as all the transaction is digital
  • You get a cashback of up to 2.5% of the toll fees paid
  • You can easily track the FASTag payments made by you

Documents you will have to submit in order to avail the FASTag facility are given below:

Given below is the list of documents you will have to submit in order to avail the FASTag facility offered by Saraswat Bank Ltd:

  • Passport size photograph of the vehicle owner.
  • Registration Certificate (RC) of the vehicle.
  • KYC documents as per the category of the vehicle owner, for opening a bank account to be linked with the Tag:
  • Individual

    • PAN Card
    • Passport
    • Driving License
    • Voter ID Card
    • Aadhar Card (with Address)
  • Corporate (Proprietorship)

    • PAN Card of Proprietor
    • Address Proof of the Proprietor
    • Shop Act or other Firm Proof
    • Any other document as required by the bank
  • Public Ltd./ Private Ltd./ Partnership

    • PAN Card of the corporate
    • Photo ID of signing authority
    • List of Directors with addresses/Name and addresses of Partners
    • Certificate of Incorporation/ Partnership Deed/Registration certificate of the firm
    • Board Resolution (only for Public / PrivateLtd. Companies)
  1. An application form will be provided by the bank which you will have to duly fill and submit it to the bank
  2. A valid driving license would be enough for Address & ID proof
  3. All required documents for FASTag should be in the name of the vehicle owner

Charges for FASTag:

Given below is the FASTag charge you will have to pay depending on the vehicle owned by you:

Vehicle Class Description Vehicle Class Colour Security Deposit per tag (Refundable) (Rs.) Tag Issuance Charges (Rs.)
VC4 Car/Jeep/Van/Tata Ace and similar mini Light Commercial Vehicle Violet 200 100
VC5 LCV (Light Commercial Vehicle) Orange 300 100
VC6 Three Axle Commercial Vehicle/Bus Yellow 400 100
VC7 Bus/Truck 2 Axle Green 400 100
VC12 Truck/ Tractor 4 to 6 Axle Pink 500 100
VC15 Truck 7 or Multi Axle Blue 1000 100
VC16 Earth Moving/ Heavy Construction Machinery Black 1000 100

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