The many benefits of using IDFC FIRST Bank’s FASTag

Indian road and highway infrastructure have seen tremendous change over the last decade. Under the Bharatmala Pariyojana initiative, the government is working to establish a robust network of roadways connecting the entire country. Presently, India’s pulsating road network is the second largest in the world. To put it in perspective, it accounts for 90% of all passengers and 64.5% of all goods movement across the country, in some form or the other.

While a large portion of the infrastructure investment is made as a part of the fiscal expenditure, some of it is funded through toll collections at highways or intercity junctions. Unfortunately, the toll plazas turn into severe bottlenecks that create incessant delays and negate the benefit the new roadways aim to bring. With the aim to eliminate traffic blocks and wastage of time, the government has mandated the use of FASTags for quick and efficient toll payments.

What is FASTag?

FASTag is a Radio Frequency Identification (RFID) payment system that automatically reads the unique data off your vehicle and charges the appropriate toll. The RFID instrument is affixed on your car windshield in the form of a sticker and gets activated once you reach the ‘reader’ at the toll plaza. To enable seamless digital payments, your FASTag wallet needs to be linked to your bank account. Here’s why IDFC FIRST Bank should be your choice for this service.

IDFC FIRST Bank for your FASTag

IDFC FIRST Bank is one of the leading financial service providers in the country and one of the most preferred FASTag payment wallets, with over six million active vehicles and counting!

Fast and Real-time Recharge:

When you’re out on the road, time is of the essence. With IDFC FIRST Bank FASTag, you can instantly recharge your wallet using any UPI app, debit/credit card, or net banking platform. IDFC FIRST Bank has even added FASTag as a biller on Bharat Bill Pay Service (BBPS) that allows you to quickly recharge your tag using any aggregator.

Extensive Network:

While you can connect with us online for any on-road issues or queries, you can find IDFC FIRST Bank agents stationed at over 400 different touchpoints across major roadways and highways. These point of sales and service professionals can assist with any imminent issue, whether you want to recharge your tag or get a damaged one replaced.

Quick Dispute Resolution:

Another advantage of using the IDFC FIRST Bank payment system is that you find quick dispute resolution in case you have been charged the wrong fare or encountered duplicate debits to your account. The swift and intuitive IDFC FIRST Bank system proactively picks up erroneous transactions and refunds the payment back to your wallet within 48 hours.

Multiple Uses:

Lastly, along with toll payment, your IDFC FIRST Bank’s FASTag balance can also be used to purchase fuel or pay for parking. You can make these payments digitally at all HPCL retail outlets and select IOCL outlets.

So go ahead and experience the many benefits of IDFC FIRST Bank’s FASTag. 

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.