BOI Fastag | Bank of India Fastag Benefits, Recharge, Fees & Charges and How to apply BOI Fastag

Bank of India (BOI) Fastag is an electronic toll collection system that enables quick and hassle-free payments at toll plazas across India. It uses radio frequency identification (RFID) technology to automatically deduct toll charges from your Fastag account as you pass through toll booths. Bank of India Fastag offers a seamless travel experience, saving you time and effort.

Benefits of BOI Fastag

  • Time-saving: With Bank of India Fastag, you can breeze through toll plazas without waiting in long queues, reducing travel time.
  • Cashless transactions: Say goodbye to the need for cash payments at toll booths. Bank of India Fastag ensures smooth and contactless payments.
  • Online recharge: Recharging your BOI Fastag account is easy and can be done from the comfort of your home or office.
  • Wide acceptance: Bank of India Fastag is accepted at more than 600 toll plazas across the country, making it a convenient choice for all your road trips.
  • Detailed transaction history: You can access your Fastag account online to view transaction details, ensuring transparency in toll payments.

How to Apply for BOI Fastag Online?

  • Visit the official Bank of India website or Fastag portal.
  • Fill in the required details, including personal and vehicle information.
  • Upload the necessary documents, such as your KYC (Know Your Customer) documents and vehicle registration proof.
  • Review the information and submit the application.
  • Pay the prescribed fee online.
  • Once your application is processed, your Bank of India Fastag will be delivered to your registered address.

How to Apply for BOI Fastag Offline?

  • Visit a Bank of India branch or the Fastag issuing center.
  • Collect the Bank of India Fastag application form.
  • Fill in the necessary details, including personal and vehicle information.
  • Attach the required documents, such as your KYC documents and vehicle registration proof.
  • Submit the completed application form along with the necessary documents.
  • Pay the prescribed fee at the branch or issuing center.
  • After verification, you will receive your BOI Fastag.

Eligibility for BOI Fastag

Any individual, corporate, or commercial vehicle owner can apply for a Bank of India Fastag.

Documents Required

  • KYC documents (such as Aadhaar card, PAN card, Passport, etc.)
  • Vehicle registration certificate (RC)
  • Passport-size photographs
  • Vehicle owner’s proof of address (as per KYC documents)

How to Recharge BOI Fastag?

  • Visit the Bank of India Fastag portal or use the Bank of India mobile banking app.
  • Log in to your Fastag account using your credentials.
  • Select the recharge option and choose the desired amount.
  • Choose the preferred payment method (debit card, credit card, net banking, etc.).
  • Confirm the payment and wait for the recharge to be processed.
  • Your Bank of India Fastag account will be updated with the recharged amount.

Fees and Charges

Fee/ChargeAmount (in INR)Description
Joining Fee:₹100One-time fee at the time of Fastag issuance
Refundable Security Deposit:₹200To be paid upfront for the Fastag tag, refundable upon closure of the account
Minimum Balance:₹100Minimum balance to be maintained in the Fastag account
Reissuance Fee:₹100Charged for replacement of lost or damaged Fastag
Transaction Fee:As per NPCI guidelines Charged for each toll transaction
Convenience Fee:As per NPCI guidelines Charged for online recharge or any other additional services

How to Check BOI Fastag Balance?

  • Visit the Bank of India Fastag portal or use the Bank of India mobile banking app.
  • Log in to your Fastag account using your credentials.
  • Look for the “Balance” or “Account Summary” section.
  • You will be able to see the available balance in your Bank of India Fastag account.

Customer Care

Bank of India provides dedicated customer care support for Bank of India Fastag users. If you have any queries, concerns, or need assistance, you can reach out to the customer care team through the following channels:

  • Toll-free helpline: 1800 103 1906
  • Email: [email protected]
  • Visit the nearest Bank of India branch for in-person assistance.

FAQ

How long does it take to get a BOI Fastag?

The processing time for BOI Fastag may vary, but it usually takes around 7 to 10 working days for delivery after successful application submission.

Can I use my BOI Fastag across all toll plazas in India?

Yes, BOI Fastag is accepted at more than 600 toll plazas across the country. You can enjoy its benefits on national highways and select state highways.

Can I use my BOI Fastag for multiple vehicles?

No, BOI Fastag is linked to a specific vehicle’s registration number. It cannot be used interchangeably between different vehicles.

How can I update my KYC information for my BOI Fastag account?

You can update your KYC details by visiting the nearest Bank of India branch and submitting the relevant documents for verification.

What should I do if my BOI Fastag is lost or damaged?

In case of loss or damage to your BOI Fastag, you should immediately report it to the Bank of India customer care helpline or visit the nearest branch to request a replacement.

BOI Fastag is a convenient and efficient solution for hassle-free toll payments. It saves time, ensures cashless transactions, and provides a detailed transaction history. With easy online and offline application processes, along with multiple recharge options, BOI Fastag offers a seamless experience for all road users.

Related Article:

Spread the love

Leave a Comment