It has been almost a month since FASTag has been made mandatory in India. In such a large number, they have got FASTag installed on their vehicles. Paytm Fastag is very convenient in many cases as it requires very little documentation. If you do not have to provide any kind of ID proof, photo and personal details to buy this tag. You can ask for Paytm Fastag only under documents related to the registration of the vehicle. Many people are still not able to get this tag, how they can buy Paytm FASTag is a matter of discussion. Along with this, what is the process of recharging Paytm Fastag and what are the benefits of this tag.
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Here's how to buy Paytm FASTag :
First of all log on to Paytm's official website. On the website, you will see the option of FASTag. Click on the FASTag option. On the new page, you will have to pay the tag price of Rs 100, refundable security deposit of Rs 250 and a minimum balance of Rs 150 i.e. a total of Rs 500. You can purchase FASTag through the vehicle registration number. Paytm sends the FASTag to your registered address, which you have to paste on the windscreen of the vehicle.
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How to recharge: Unlike other banks and payment banks, in Paytm Payment Bank, you do not need to keep a separate wallet or fast recharge for FASTag. You can pay the toll at the toll plaza only through the Paytm balance. In this way it becomes quite convenient. Currently, toll can be paid only after 20 minutes of adding money to the Paytm wallet. These features and these benefits are available - Paytm FASTag comes with a frequently used RFID Tag. It links to the registered Paytm wallet. Linked wallets automatically deduct toll charges. Cashback of 2.5% can be availed on the amount paid as toll during FY 2019-20. As per the information given by Paytm on its website, it does not charge any hidden charges.
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