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  • As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on 1800 10 888 or visit the nearest IDFC FIRST Bank branch for further queries.

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Finance

Everything you need to know about the NPCI FASTag

Summary: The NETC FASTag by NPCI allows toll payments to be made directly from a linked bank account. This article explains how to obtain one and get the most out your FASTag.

26 Jun 2024 by Team FinFIRST

IDFC FIRST Bank is at the forefront of the digital payment revolution in India with its offering of the NETC FASTag, an electronic toll collection system developed in collaboration with the National Payments Corporation of India (NPCI). This system is designed to make toll payments automatic, cashless, and seamless, thereby reducing traffic congestion at toll booths and promoting a more efficient travel experience.



What is IDFC FIRST Bank’s NETC FASTag?
 

The NETC FASTag is a small, RFID-enabled tag that is affixed to the vehicle’s windshield. It allows toll payments to be made directly from a linked bank account, without the need for stopping and paying cash at toll plazas. The tag is linked to a prepaid or savings account, and the toll amount is automatically deducted as the vehicle passes through the toll plaza.

Obtaining IDFC FIRST Bank’s NETC FASTag
 

To get an IDFC FIRST Bank NETC FASTag, follow these steps:

  • Visit the IDFC FIRST Bank FASTag application page online
  • Complete the online application form with personal and vehicle details
  • Verify Aadhaar with an OTP
  • Upload scanned copies of KYC documents and the vehicle’s registration certificate (RC book)
  • Make the online payment for the fees
  • After verification, the FASTag will be delivered to your registered address

Pro tips to get most out of your NETC FASTag
 

Here’s how you can maximise the benefits of your FASTag:

1.  Visit the IDFC FIRST Bank website for a list of required documents and fees.

2.  Recharging Your NETC FASTag: Recharge your FASTag account periodically, just like a prepaid mobile connection, to ensure uninterrupted use at toll plazas. Recharge options include the IDFC FIRST Bank website/app, Bharat Bill Payment System, Bank ATMs, and authorized retail shops.

3.  Usage and Benefits of NETC FASTag: Vehicles with an IDFC FIRST Bank NETC FASTag can use dedicated FASTag lanes at toll plazas for quick passage. The toll amount is automatically deducted, reducing traffic and travel time, and contributing to environmental benefits by lowering fuel consumption and pollution.

4. Checking Your NETC FASTag Status: Keep track of your FASTag balance, recent transactions, and validity through:

  • A missed call to IDFC FIRST Bank’s toll-free number.
  • Logging into IDFC FIRST Bank’s website/mobile app.
  • Sending an SMS with the tag ID to the bank’s specified number.
  • Visiting an IDFC FIRST Bank branch with valid ID proof.
  • Resolving Issues with NETC FASTag: For any concerns related to your FASTag, reach out to IDFC FIRST Bank’s customer support for prompt assistance and resolution.

Conclusion
 

IDFC FIRST Bank’s NETC FASTag is a significant innovation in India’s toll collection system. It facilitates a transition from manual cash transactions to swift, contactless digital payments, enhancing the travel experience and setting the stage for a fully digital toll payment ecosystem in the near future. With its growing adoption, the NETC FASTag is poised to completely transform the toll payment paradigm, offering wide-ranging benefits for all stakeholders involved.

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.

The features, benefits and offers mentioned in the article are applicable as on the day of publication of this blog and is subject to change without notice. The contents herein are also subject to other product specific terms and conditions and any third party terms and conditions, as applicable. Please refer our website www.idfcfirstbank.com for latest updates.

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