Switching Banks on FASTag? Here's What You Must Know

Users can apply for a new FASTag both online and offline; activation takes around four hours

- Anil Poste

Since 2021, FASTag has been mandatory for all four-wheelers in India. It has become an essential part of highway travel, enabling seamless toll payments through RFID-based technology. It is linked to your vehicle's registration number and connected to a prepaid wallet of an authorized bank.

Each vehicle can be associated with only one FASTag at a time, and this tag is tied directly to the issuing bank's wallet, which holds the balance used for toll payments. If your vehicle doesn't have a valid FASTag while crossing a toll plaza, you are required to pay double the toll fee. Many users need to switch their FASTag from one bank to another. Mint helps you understand steps, timelines, and things to consider.

Process
"Switching your bank in FASTag is simple and aligned with the National Payments Corporation of India's (NPCI) One Vehicle One FASTag policy. If a customer has an existing only one active FASTag from another bank, they can directly apply for a new FASTag from the bank website, app or by visiting any of our offline partner agents," said Ganesh Ananthanarayanan, chief operating officer (COO), Airtel Payments Bank.