BBPS welcomes FASTag into its fold
FASTag
is a prepaid wallet embedded into an RFID Tag for making toll payments at
Highways across India.
The RFID
Tag is affixed to the windscreen of the respective vehicle and sensors detect,
deduct the toll amount. Hence, it is the mandatory for the holder to have
sufficient balance in his/her FASTag wallet while approaching the Toll Gate.
Insufficient
balance in the FASTag creates complications for the driver and the toll gate
staff. It is cumbersome to immediately switch to alternate payment modes and
also increases the waiting time at the toll gates.
Hence,
there are multiple top-up modes for the FASTag wallet.
Some
banks link the FASTag wallet to the holder’s bank account and there is no
separate FASTag prepaid wallet account. However, the bottom line is that there
should be sufficient balance in the underlying bank account to deduct the toll
amount.
Way back in September 2018, NPCI issued
guidelines for FASTag recharge via UPI.
The success
rate is unknown as the top-up volumes via UPI are not in the public domain.
The
following FASTag issuers have enabled FASTag wallet via BBPS:
Bank of Baroda – FASTag - Read
more about BOB FASTag @ https://www.bankofbaroda.in/baroda-fast-new-tag.htm
ICICI Bank FASTag – Read more
about ICICI Bank FASTag @ https://www.icicibank.com/Personal-Banking/cards/prepaid/FASTag/index.page
Indian Highways Management Company
Ltd FASTag – Read more about IHMCL FASTag @ https://ihmcl.com/FASTag/.
IHMCL FASTag is a bank agnostic wallet that can be linked to any issuer bank
or can be continued as a stand-alone wallet. The choice is left to the user.
Indusind Bank FASTag - Read more about Indusind Bank FASTAG @ https://FASTag.indusind.com/
Going
ahead, the remaining FASTag issuers will join this platform.
The main
advantage of BBPS Channel is that the respective FASTag wallet can be topped up
by 3rd parties too. The ‘Vehicle Registration Number’ is the only unique
identifier required to fetch the respective FASTag wallet number and top it up.
This is
very useful when there is insufficient balance in the traveler’s FASTag wallet
and he/she faces challenges in top-up while driving on the highways.
So, go ahead
and top-up your FASTag wallet via BBPS for instant recharge and uninterrupted driving
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