FASTag charges compared: HDFC Bank, ICICI Bank, SBI, Axis Bank, PNB, other top authorized issuers

With the FASTag electronic toll collecting system, drivers may pay tolls on the go without having to stop and exchange currency. For a smooth toll payment experience, you must make sure you have enough balance in your FASTag account, and recharge it whenever necessary.

There are a few charges associated with the FASTag such as a one-time issuance fee, re-issuance fee, and security deposit.

Also read: Where to buy FASTags: Full list of NHAI-authorized FASTag issuers


Can you get cashback or refunds in Paytm wallet after March 15, 2024?

What are the charges for FASTag?

According to the HDFC Bank website, "The charges for FASTag activation are nominal. However, there are three kinds of FASTag charges of which a user should be aware-
1. Tag Joining Fee - A one-time charge levied only the first time for registration as a FASTag User. This charge is applicable once to initiate and activate the Tag for your vehicle.
2. Security Deposit - A negligible amount is taken as a security deposit which is fully refundable against no dues at the closure of the account. The amount varies depending on your vehicle class. In case of insufficient funds in your Tag account, the security deposit might be used by banks to adjust any outstanding toll charges.
3. Threshold Amount - The threshold amount is nothing but the minimum recharge amount applicable at the time of Tag activation. This amount will be fully available on your Tag account to pay for any toll charges immediately upon tag activation. The threshold amount depends on the vehicle class.

Also read: How to buy new FASTag online

Here is a list of top FASTag issuers and the fees associated with FASTag, as per their websites on February 24, 2024. The security deposit amount considered is for cars, jeeps and others in the similar category.

HDFC Bank
The current HDCF fee is Rs. 100 including applicable taxes and security deposit is Rs 100 for car, jeep and van, Tata Ace and Similar mini-light commercial vehicle.

ICICI Bank
The bank charges Rs 99.12 (including GST) as Joining Fee. The security deposit is Rs 200 car, jeep and van and threshold amount is Rs 200.

SBI
State Bank of India does not charge for tag fees or security deposits for cars, jeeps, vans, Tata Aces, and other compact light commercial vehicles. It is important to note that a minimum balance of Rs 200 is required for FASTag activation.

Axis Bank
Axis Bank does not charge for issuance fee and for re-issuance fee, the bank charges Rs 100 (inclusive of all taxes). The bank charges Rs 200 as security deposit for vehicles such as car, jeep and van.

Bank of Baroda
Baroda FASTag has a onetime Fee of Rs.150 + Goods & Service (GST) tax. The refundable security deposit depends on the vehicle type. Security deposit of Rs 200 is charged for car, jeep and van along with threshold limit of Rs 200.

Canara Bank
Canara Bank charges Rs 100 for issuance and re-issuance fee and convenience fee for online re-load of Tag will be actual cost + Rs. 10.00. For vehicles such as car, jeep and van, security deposit and threshold amount is Rs 200 and Rs 100 respectively.

IDBI Bank
IDBI Bank charges re-issuance fee of Rs 100 including taxes. The bank charges tag deposit of Rs 200 and there is no threshold amount.

Kotak Mahindra bank
The bank charges Rs 100 for VC4 . Nil for other Vehicle Class as tag Joining fee and Rs 200 as tag deposit. The bank does not charge for re-issuance and Threshold amount is not applicable.

IndusInd Bank
IndusInd Bank charges Rs 200 as security deposit and rs 200 as threshold amount Loaded into Customers Wallet. The bank charges Rs 100 as One Time Tag Joining Fee and Rs 100 for Reissuance fee.

PNB
For vehicles such as car, jeep and van a security deposit of Rs 200 is charged and threshold amount is Rs 100. A fee of Rs. 100 will be applicable for replacement.

Airtel Payments Bank
FASTag has a one-time Fee of Rs. 100 including GST. The tag joining fee (One-time Fee) is Rs 99.99 ( including all applicable taxes) and the one-time tag re-issuance fee is Rs 99.99 ( including all applicable taxes). The refundable security deposit depends on the vehicle type. The one-time security deposit (Reserved Amount) amount for car / jeep / van is Rs 150.

Paytm
Paytm charges Rs. 100 (Rs. 84.75 + Rs. 15. 25; Fee + GST) as Tag Issuance Fee (One-time) and Rs. 100 (Inclusive of GST) as Tag Reissuance Fee. Paytm charges Rs 250 as FASTag Security Balance.