As part of its ongoing efforts to promote cashless and contactless transactions, FASTag, primarily recognized for toll payments, has expanded its utility to cover parking fees. This development is reshaping the way individuals settle parking charges, steering away from conventional cash or card payments.
How to Use FASTag for Parking Payments
- Properly Affixed FASTag: Ensure your vehicle is equipped with a correctly affixed FASTag, strategically placed for effortless scanning by parking lot systems.
- Enter Designated FASTag Parking Lanes: Dedicated parking lanes for FASTag users have been implemented at various parking centers. Users can seamlessly enter these lanes when paying for parking.
- Automatic Deduction: As you navigate through the FASTag parking lanes, the system swiftly scans your FASTag, and parking fees are automatically deducted from your FASTag account.
Benefits of Paying Parking Fees through FASTag
- Cashless Transactions: Bid farewell to the need for physical cash when it comes to parking fees. FASTag ensures a seamless cashless experience.
- Queue-Free Payments: Avoid the hassle of standing in queues to make parking payments. FASTag deducts the charges directly from your linked bank account.
- No Parking Receipt Hassle: With FASTag payments, there’s no need to obtain a separate parking gate receipt, streamlining the overall process.
FAQs:
- Maximum FASTag Limit: The maximum recharge amount for Paytm FASTag is Rs. 1 lakh, ensuring convenience and flexibility for users.
- Withdrawing Money from FASTag: While money cannot be withdrawn from FASTag, any unused balance, along with the security amount, is refunded upon successful surrender and closure of the FASTag wallet.
- Removing a Car from FASTag: Users can cancel or deactivate their FASTag account by connecting with customer support or through the issuer’s mobile application or website.
- Changing FASTag Ownership: YES, the ownership of a FASTag can be changed. Users can reach out to the issuer directly or visit their website/app to request a transfer.
- One Vehicle, One FASTag Policy: Users must comply with the ‘One Vehicle, One FASTag’ policy, discarding any earlier issued FASTags. Previous tags will be deactivated after January 31, 2024, ensuring the latest FASTag account remains active.
