Union Bank of India FASTag

FASTag is a device which uses Radio Frequency Identification (RFID) technology to help you pay the toll payment from your bank account directly. The facility is affixed on the windscreen of your vehicle. A tag reader directly reads the FASTag and deducts the said amount from your bank account.

Today various banks in India are offering this facility including Union Bank of India. If you hold a bank account in Union Bank of India, you can avail the FASTag facility to pay the toll amount without having to go through the hassle of paying the toll charges through cash.

Benefits of using Union Bank of India FASTag facility

Some of the benefits of using Union Bank of India FASTag facility are:

  • Cashless payment:

    Availing this facility means that you do not have to use this facility to pay your toll fees through cash. The whole process is cashless.

  • Faster mode of transaction:

    You don’t have to stand in long queues to pay your toll fees. You can pay your toll fees within seconds allowing you to save time.

  • Online recharge:

    You can recharge your FASTag account using your credit/debit card or through Net Banking.

  • SMS alerts:

    You will also receive SMS alerts every time you pay your toll fees using the FASTag facility.

Documents required to apply for FASTag:

Given below are the list of documents you will have to submit in order to apply for FASTag:

  • Passport size photograph of the vehicle owner
  • Registration Certificate (RC) of the vehicle owner
  • KYC documents as per the category of the vehicle owner
  • Proof of address and proof of ID

List of documents the following entities will have to submit

  1. Partnership:

    • PAN Card
    • List of Partners along with capital/profit percentage (to be signed by all partners)
    • Partnership Deed
    • GST Registration Certificate
    • ISA (Identity, Signature & Address) of all the partners
  2. Sole – Prop:

    • Entity proof – Shop Establishment Certificate / GSTN Certificate / Electricity Bill/any other proof acceptable to bank
    • GST Registration Certificate
    • ISA (Identity, Signature & Address) of Proprietor – Aadhaar (not mandatory) & Pan Card
  3. Limited Liability Partnerships

    • Certificate of Incorporation issued by the Registrar of Cos
    • PAN Card
    • LLP Agreement
    • GST Registration Certificate
    • ISA of designated partners
  4. Private / Public Limited Companies

    • PAN Card
    • List of Directors
    • GST Registration Certificate
    • Updated Memorandum & Articles of Association
    • Board Resolution for Authorized Signatory
    • Updated Memorandum & Articles of Association
    • Certificate of Incorporation/Registration Certificate of the Firm
    • Certificate of commencement of business (only for limited Companies incorporated under Companies Act 1956)

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