Nagpur Nagarik Sahakari Bank FASTag

Features and Benefits of NNSB FASTag

The primary objective of FASTag was to remove congestion on national highway toll plazas. Since the toll payment is done automatically, it reduces waiting times at toll gates.

• Country wide access: FASTag is presently operational at 400+ toll plazas across national highways. The system is interoperable and the same FASTag can be used across all toll plazas under the National Electronic Toll Collection (NETC) program. Planning is underway to include more toll plazas under the ambit of FASTag.
• Avoid long queues at the Toll Plaza: When your vehicle approaches the toll plaza, the tag reader installed in the toll gates reads your FASTag and automatically deducts the corresponding toll charges from your tag wallet. This greatly reduces the waiting time in every toll plaza.
• Forget carrying cash for toll payments: The toll amount is directly deducted from your wallet account removing the need for carrying cash for toll transactions.
• Saves time and fuel: FASTags enable you to zip through toll gates without having to wait to make transactions. This saves enormous time and money.
• SMS alerts for each toll transaction: Users get instant SMS notification for every toll plaza transaction carried out on their tag account. This enables the user to keep a tab on their account balance.
• Easy recharge options: Users can conveniently recharge their tag account online or at any of the POS points at toll plazas. They can use a credit card, debit card, Netbanking or UPI apps to recharge their account.
• Online portal for tag holders: FASTag users can create an account on the online portal to manage their tag account without any hassles. They can check various things like tag balance, transactions and account information on this online portal.
• Cashback offer: Users can get a cashback of 2.5% on all toll payments using FASTag up to March 31, 2020

How do I buy NNSB FASTag?

• Customers may apply for FASTag at any of the Point of Sale (POS) locations or Nagpur Nagarik Sahakari Bank branches.
• You may also apply online. 
• Customers are advised to call the 24 x 7 Toll Free customer care number - 1800 266 7183 to know more details.
• In case you are not a customer of Nagpur Nagarik Sahakari Bank, you will need to carry an original as well as a copy of your KYC document along with your vehicle at the POS / Sales office location.

What are the documents required to register for FASTag?

You need to submit the following documents along with the application for FASTag:

1. Registration Certificate (RC) of the vehicle.

2. Passport size photograph of the vehicle owner.

3. KYC documents as per the category of the vehicle owner, for opening a bank account to be linked with the Tag:

Individual

• ID proof and Address proof from the list mentioned, and 1 passport size photograph
• Driving License
• PAN Card
• Passport
• Voter ID Card
• Aadhaar Card (with Address)

Corporate [Public Ltd./ Private Ltd./ Partnership]

• Public Ltd./ Private Ltd./ Partnership
• Certificate of Incorporation/ Partnership Deed/Registration certificate of the firm
• PAN Card of the corporate
• Photo ID of signing authority
• List of Directors with addresses/Name and addresses of Partners
• Board Resolution (only for Public / Pvt. Ltd. Companies)

Corporate [Proprietorship]

• PAN Card of Proprietor
• Address Proof of the Proprietor
• Shop Act or other Firm Proof
• Any other document if asked by the Bank

Points to remember: 

• Please contact our representative to get an application form, which you need to fill and submit.
• All required documents for FASTag should be in the name of the owner of the vehicle.
• You will need to carry the original as well as a copy of your KYC documents.

Fees & Charges associated with NNSB FASTag

NNSB customers have to open a current account through which all the toll transactions will be routed. This account will not come with a Cheque book and Debit Card. However, Internet banking facility shall be provided. Credit transactions to the account shall be permitted through cash deposit/ cheque deposit/ NEFT/RTGS/ IMPS, etc.

You need to maintain a minimum threshold balance of Rs. 6,000/- in the current account. If the account balance falls below Rs.6000/-, the status of all the tags linked to the said account will be changed to low balance and auto-debit facility for all tags will be discontinued and the customer will have to pay toll amount in cash.

Once you have recharged the account and restored the threshold requirement of Rs.6000/-, the auto-debit facility for all tags will be immediately restored. Out of the threshold balance of Rs. 6000/-, an amount of Rs. 5000/- will be lien marked. The customer will not be able to use this amount (Rs. 5000/-) for any transaction.

FASTag has a one time Fee of Rs.100 for tag issuance exclusive of taxes. In addition to this, a refundable security deposit depending on the vehicle type has to be kept with the Bank. Please check the 'Fees and Charges' section for details. Following are the tag charges (Tag issuance charges and Security Deposit)

About Nagpur Nagarik Sahakari Bank Ltd FASTag Introduction

Nagpur Nagarik Sahakari Bank Ltd (NNSB) is one of the designated member banks for the National Electronic Toll Collection (NETC) program managed by NPCI (National Payments Corporation of India) as per guidelines from NHAI (National Highways Authority of India) and IHMCL (India Highway Management Company Limited).

NNSB is authorized to issue FASTags to applicants for use on National Highways.

FASTag is a tag that uses Radio Frequency Identification (RFID) technology for making toll payments directly from the account linked to it. FASTags were introduced with the objective of doing away with those long queues at toll plazas. The tag has to be affixed to the windscreen of your car, and it allows for electronic toll deduction from a prepaid wallet and lets you cruise through the toll gates. You do not have to wait to make a cash transaction at the toll plaza, thus, removing the hassle of carrying cash for toll payments.

These FASTags can be pre-loaded with money and used to pay for your vehicle toll payments electronically. When the vehicle passes through the toll gate, the RFID reader at the toll plaza receives information about the vehicle and the toll amount is deducted automatically from the FASTag wallet, thus saving valuable time & money for the users.

FASTag is currently accepted at 460+ Electronic Toll Plaza across National Highways. Users can make use of the demarcated ETC FASTag lanes at the toll plaza and get the toll fee directly deducted from their FASTag wallet. This has saved an enormous amount of time and fuel for all its users. They also need not worry about carrying cash for the toll payments. The NETC system is inter-operable and the same FASTag can be used across all toll plazas under the National Electronic Toll Collection (NETC) program. Planning is underway to include more toll plazas under the ambit of FASTag.

Nagpur Nagarik Sahakari Bank Ltd FASTag FAQs: