Understanding the Cost of SBI FASTag: Issuance Fees, Security Deposit and More

SBI FASTag, a convenient toll payment system in India, is designed to streamline the transportation process and reduce delays at toll plazas. As of August 2023, the typical cost of an SBI FASTag is approximately INR 500, which includes a one-time issuance fee and a refundable security deposit. The exact cost can vary, so it's essential to check the official SBI website or contact their customer service for the most current information.

Key Components of the SBI FASTag Cost

The total cost of an SBI FASTag includes several components:

1. Tag Issuance Fee

The issuance fee for a SBI FASTag is INR 100, inclusive of GST (Goods and Services Tax). This fee is a one-time charge and covers the cost of producing and issuing the tag.

2. Security Deposit

A security deposit of INR 200 is required for cars, jeeps, and vans. For other vehicle types, the security deposit amount may vary. This deposit is refunded at the time of cancellation of the RFID tag.

3. Initial Recharge Amount

Upon receiving your FASTag, a minimum recharge amount of INR 200 is required. This amount is used to cover potential toll charges until the first actual toll payment is made. It ensures that your tag is active and ready to use.

Complete Initial Cost Breakdown for a Car/Jeep/Van FASTag

For cars, jeeps, and vans, the total initial cost for a SBI FASTag is approximately INR 500, which includes the tag issuance fee, security deposit, and the initial recharge amount. The breakdown is as follows:

Tag Issuance Fee: INR 100 (including GST) Security Deposit: INR 200 Initial Recharge Amount: INR 200

It's important to note that fees can vary based on promotions or changes in policy. Always verify the latest details on the SBI FASTag official website or by contacting their customer service.

Vehicle Class-Specific Fees and Minimum Balance

The SBI FASTag charges include specific fees and minimum balances for different vehicle classes. The table below summarizes the fees for various vehicle categories:

Sr. No. Vehicle Class No. Particulars Security Amount Minimum Balance 1 4 Car / Jeep / Van/ Tata Ace and similar mini light commercial vehicle 200 100 2 5 Light Commercial Vehicle 300 140 3 6 Three Axle Commercial Vehicles 400 300 4 7 Bus/Truck 400 300 5 12 4 to 6 axle 400 300 6 15 7 or More Axle 400 300 7 16 Heavy Construction Machinery HCM/Earth Moving Equipment EME 400 300

Note that a minimum convenience fee applies to all transactions, and a security amount is applicable based on the vehicle class. This amount is refunded at the time of cancellation of the RFID tag.

Conclusion

SBI FASTag is a reliable and convenient system for toll payments in India. While the typical cost is around INR 500, it's always best to verify the current fees and any changes by visiting the official SBI website or contacting their customer service. Proper management of your FASTag, including regular recharges and keeping track of outstanding balances, can ensure smoother and faster travel experiences.

Source: SBI FASTag website