SBI FASTag could be a device that employs frequency Identification (RFID) technology for creating toll payments directly from the Savings or bank account connected thereto.
It is affixed on the screen of your vehicle and permits you to drive through toll plazas, no end for money transactions.
The tag will be purchased from Tag issuers and if it’s connected to the Savings account, then you wish to recharge/ prime up the tag as per your demand.
It is a 10x five cm, parallelogram form, multi superimposed tag, that is created out of excellent quality paper, containing chip and antenna within its layers, it’s glued on the wind screen of the vehicle, and thru frequency identification methodology, the knowledge is scan at the tract from the tag.
Tag provides you with the convenience and ease throughout transit through the tract in conjunction with saving time, fuel and cash. SBI FASTag is presently operational at 346+ toll plazas across National Highways.
The system is inter-operable and therefore the same SBI FASTag will be used across all toll plazas below the National Electronic Toll assortment (NETC) program. additional toll plazas are going to be brought below the NETC program within the future. Please visit the web site WWW.ihmcl.com for additional details.
I. Limited KYC holder’s account, at any given point of time, this type of SBI FASTag account cannot have more than Rs. 10,000/- in their FASTag (Prepaid) account. The monthly reload limit is also capped to Rs. 10,000/-.
II. Full KYC Holders account, at any given point of time, this type of SBI FASTag account cannot have more than Rs. 1 Lakh in their FASTag (prepaid) account. There is no monthly reload cap in this account.
Since the SBI FASTag is linked to an account, KYC documentation would be required as per the KYC policy of the Issuer Bank.
Apart from the KYC documentation, you need to submit Registration Certificate (RC) of the vehicle along with the application for SBI FASTag.
SBI FASTag is linked to a prepaid account, then it can be issued as per below defined limits:
1- Limited KYC FASTag account holder
Requirements: Minimum KYC details (as per Issuer bank policy), vehicle RC Copy, Photo of the customer.
This type of FASTag cannot have more than Rs. 10,000*/- limit in their SBI FASTag (Prepaid) account. The monthly reload limit is also capped to Rs. 10,000/-.
2- Full KYC FASTag account holder
There is no monthly reload cap in this account.
Requirements: Full KYC details (as per Issuer bank policy), vehicle RC Copy, Photo of the customer.