Understanding and managing your FASTag statement

FASTag has revolutionised toll payments across India, offering a seamless and efficient way to pay tolls electronically. With the increasing use of FASTag, it's essential to keep track of your toll transactions and effectively manage your finances. Do this easily via your FASTag history. Let us see how.

What is a FASTag statement?

A FASTag statement is a detailed record of all your toll transactions made using the FASTag. It provides a comprehensive history of your toll payments, including the date, time, and amount deducted for each trip. By regularly reviewing your FASTag statement, you can ensure that all transactions are accurate.

Importance of tracking FASTag transactions

• Accuracy: By reviewing your FASTag transactions, you can verify that each deduction matches your toll plaza usage, preventing any overcharge.
• Dispute resolution: Monitoring your transactions allows you to promptly spot and report any erroneous deductions, facilitating faster resolution of disputes.
• Budgeting: Monitoring your toll expenses helps you budget more effectively and manage your travel costs.
• Recharge management: Regular checks ensure that you maintain a sufficient balance in your FASTag account, preventing interruptions during your journeys.

How to check FASTag transactions and download the statement

1. Access your FASTag account through Axis Bank's website or mobile app.
2. Look for a section labelled 'Statements' or 'Transaction History'.
3. Choose the date range for which you want to view your statement.
4. Click on the 'Download' button to save the statement as a PDF or Excel file.

How to buy FASTag online?

If you haven’t yet purchased a FASTag, you can easily buy one online through various channels:

• Issuing banks: Most major banks, including Axis Bank, offer FASTag online. Visit their official website, fill out the application form, and complete the payment process.
• E-commerce platforms: Websites like Amazon and Paytm also provide FASTag purchasing options.
• Toll plazas: FASTags are available at designated toll plazas across the country.

Documents required for FASTag

• A copy of your vehicle's registration certificate (RC).
• A valid identification proof, such as an Aadhaar card, PAN card, passport, voter ID, or driving licence.
• A filled-in application form.

FASTag fees and charges

Getting a FASTag incurs charges and includes issuance fees, a onetime security deposit which is refundable on closure of the wallet, and the corresponding charges on reloading your FASTag wallet. If you lose your FASTag or if it gets damaged, you will have to pay a re-issuance charge for your renewed tag. Additionally, there is a minimum threshold which must be maintained as per the vehicle class.

*For class-4 vehicles such as car, jeep, and van.

Also Read: Understand how FASTag works -7 steps

Conclusion

For a seamless experience with toll payments and easy access to your transaction history, consider using the Axis Mobile app. It allows you to easily apply for FASTag, recharge your wallet, check your balance, and get detailed wallet statements, providing you with convenience and reliability on the road.

Disclaimer: This article is for information purpose only. The views expressed in this article are personal and do not necessarily constitute the views of Axis Bank Ltd. and its employees. Axis Bank Ltd. and/or the author 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. Please consult your financial advisor before making any financial decision.