How to Apply for a Paytm Bank FASTag, How to Refill It, and What It Costs

2023-02-01 01:41:56 - Grace Browns Grace Browns has been a lifestyle, fashion, and beauty writer for over 5 years, and she currently serves as a senior editor at 422346.com.

The Paytm Bank FASTag is Now Available

The use of FASTags is now required for all vehicles with the exception of those specifically exempted due to the many benefits associated with their use beyond the mere savings of time and fuel.

It is highly advised that anyone who owns a four-wheeled vehicle that falls under the FASTag's jurisdiction and plans to use it on national highways obtain a FASTag. Paytm Payments Bank is one of the nearly 20 financial institutions authorized by the government to issue FASTags. The process of activating a Paytm FASTag is simple and can be finished quickly. Keep reading to find out more.

The Proper Way to Invest in a FASTag

If you've ever wondered what the proper procedure is for purchasing a FASTag through Paytm, you'll find all the information you need right here. It is feasible to use both online and offline applications.

Online Purchase with Paytm FASTag

When using Paytm Payments Bank, you can buy a FASTag online by following the instructions provided below.

First, get the Paytm app from either the Google Play or Apple App Store and install it on your smartphone.

In Step 2, you'll go to the Paytm app's search bar and enter "FASTag."

Step 3: Select the option labeled "Buy FASTag for car/ van/ jeep."

Four, pick this button to input your vehicle's registration number.

Fifth, please submit an image of your vehicle's registration.

Step 6: Indicate the location where you would like to receive your Paytm FASTag.

Step 7: After entering this address, you'll be prompted to pay the Paytm FASTag price that was supposed to be paid in place of the FASTag's physical delivery.

The submission of your FASTag application is now complete; the remaining step is to patiently await the arrival of your FASTag in the mail.

Keep in mind that Paytm Payments Bank, being a digital bank, primarily sells FASTags through its website. Visit a Paytm Bank point of sale counter, if one is near you, to buy your FASTag offline through Paytm.

Paytm FASTag In-Store Purchase

Going to a Toll Booth

Those who aren't comfortable with technology have the option of purchasing a FASTag at a toll plaza. Paytm Payments Bank-affiliated toll booths sell FASTags, which can be purchased with proper identification. The registration certificate for your vehicle, your proof of identity, and your driver's license are all examples of such documentation. Moreover, you must bring your car to the toll booth.

FASTag Registration - Please Read!

Additional Costs for Using a Paytm Bank FASTag

All Paytm Payments Bank FASTag purchases are subject to the Paytm FASTag fee. A one-time issuance fee of INR 100 is included in these costs. For the reissue of your FASTag, this fee will also apply. In addition to these costs, there may be additional fees to consider depending on the category into which your car is placed. Have a look at the info table down below to learn more

Variety of Car

Vehicle Type

Guaranteed Refundable Deposit

Balance for FASTag

Auto, Jeep, or Minivan

4

Nil

₹ 250

Mini-LCVs like the Tata Ace

4

Nil

₹ 250

2-axle commercial vehicles

5

₹ 99

₹ 1

Vehicle with three axles, such as a bus or truck

6

₹ 99

₹ 1

Minibus/Two-Axle Bus

7

₹ 99

₹ 1

Two-axle truck

7

₹ 99

₹ 1

Four-, five-, and six-axle trucks, as well as tractor/trailer combinations

12

₹ 99

₹ 1

Vehicle with a lot of axles (7+)

15

₹ 99

₹ 1

Powerful tools for moving dirt and building structures

16

₹ 99

₹ 1

List of Acceptable Documents for Paytm Bank FASTags

Knowing in advance what forms of identification are required to buy a Paytm FASTag will put you in a more advantageous position. Here is a rundown of all the relevant paperwork:

  • Completed FASTag application

  • Proof of identity and residence (KYC documentation)

  • A photograph of yourself in passport proportions (i e , the car's rightful owner)

  • The registration papers for your car.

Learn More about How FASTag Functions Here!

The Basics of Making an Online Paytm Bank FASTag Recharge

Customers using Paytm Bank FASTags will have the necessary toll charges automatically deducted from their Paytm wallets whenever they pass through a toll booth. Exactly for this reason, Paytm FASTag top-ups are optional. So, if this describes you, all you need to do is make sure your Paytm wallet has enough money in it. If not, you will need to add funds to your Paytm wallet.

Make sure your Paytm wallet is fully funded before using your Paytm FASTag.

The first thing to do is launch the Paytm app from your mobile device.

The second step is to access the app's "wallet" section.

Input the sum you wish to add to your wallet and click the "add money" button when you're done.

Fourth, select the payment method that is most convenient for you.

Finally, in Step 5, you'll finish your payment and be able to add funds to your Paytm wallet.

Provided there is sufficient funds in your Paytm wallet, using your Paytm FASTag is simple.

Bajaj Markets and Paytm Payments Bank Present: FASTag Recharge

You can also use the Bajaj Markets app on your smartphone to reload your Paytm FASTag. Read on for a rundown of how it all comes together:

Start by downloading the Bajaj Markets app to your mobile device.

Next, go to the app's "Bill Payments" menu.

Next, select "FASTag Services" in Step 3.

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Step 4: Find your service provider by searching for it or choosing it from the list of results below.

paytm-2.jpg

Method 5: Enter Your Vehicle Number by Tapping A sample is available now by clicking the "Sample Bill" link.

Sixth, click “View Bill” to see the bill.

paytm-3.jpg

Step 7: Enter the dollar amount you'd like to add to your FASTag's balance.

paytm-4.jpg

Step 8: In the Bajaj Markets app, select the Paytm FASTag UPI ID you previously registered with. If you have more than one account set up, you can choose the one you want to fund from the drop-down menu.

Step 9: Click the "Pay" button and enter your UPI pin to finish recharging your FASTag.

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A window detailing the status of your transaction has appeared.  

paytm-6.jpg

If you haven't already, use your smartphone to scan this QR code and install the Bajaj Markets app. If you already have the app, scanning this QR code will take you directly to the app where you can add money to your FASTag wallet.

paytm-7.jpg

Other Ways to Recharge Your FASTag Using Paytm Payments and the Bank

If you're unable to recharge your FASTag using either of the aforementioned options, you can try one of the following:

  • In order to fund your FASTag account, you can use the Paytm app in conjunction with your online banking service of choice.

  • Transfer money from your Paytm account to your FASTag account by using your credit card or debit card.

  • To fund your FASTag account, you can have money sent to your Paytm account via UPI.

Find Your Paytm Bank FASTag Balance

Here are the steps you can take to check your Paytm FASTag balance:

1. Download the Paytm app to your mobile device.

It is possible to check the status of a Paytm FASTag using the Paytm mobile app.

The first thing you need to do is log in to your Paytm FASTag account by entering your user ID and password.

Next, choose the "FASTag services" menu item.

Third, a new page will load with your FASTag details, including your balance.

Call a Freephone Number 2

The balance on your Paytm Payments Bank-issued FASTag can be verified with a simple phone call to the bank's toll-free number. Call 1800 120 4210 if you need any help figuring things out.

Third, use text message alerts.

With each use of a FASTag that results in a financial transaction, you will receive a notification detailing the current balance of the associated account. Your mobile phone will receive this alert via text message. Each time your FASTag's balance gets low, Paytm will send you a reminder.

Customer Service for Paytm Bank FASTag

Dial the Paytm FASTag customer care number to speak with a representative about your FASTag, whether you have questions or a complaint. Toll-free in Australia: 1800 120 4210

Conclusion

There are a number of advantages to using the Paytm FASTag, including cutting down on travel time and simplifying online payments. Obtaining a FASTag for your vehicle is now mandatory by law if you haven't already done so. FASTags are useful because they eliminate the need for cash transactions by being connected to prepaid accounts that can be reloaded at any time via the internet. Your FASTag can be recharged through the Bajaj Markets website or the Bajaj Markets mobile app.  

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