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Step-by-Step: How to Transfer FASTag Balance to Your Bank in 2024

There comes a time when a FASTag balance needs to be transferred to your bank account for many reasons. In this step-by-step guide, you’ll learn how to transfer FASTag balance to bank account in 2024. This new-age process of handling toll fee payments is now a breeze with the introduction of FASTag.

The Benefits of FASTag

FASTag is a tool that saves you from the hassle of standing in a lengthy queue waiting to pay your highway toll. It’s a transformative initiative by the Indian Government, contributing towards digitalization and making highway toll payments swift and convenient. As its popularity grows, so does the need for understanding toll FASTag procedures, including how to transfer FASTag balance to bank account.

Bajaj Pay FASTag

Bajaj Pay is among the well-known brands offering FASTag. Registering for a new Bajaj Pay FASTag is undemanding and user-friendly. You need to visit the Bajaj Finserv website, fill up the required forms, provide the necessary documentation, and you’re good to go. The smooth functionality and operational ease offered by Bajaj Pay has made it a preferred choice for many.

Recharging Your FASTag

For existing FASTag users, recharging is a straightforward process on Bajaj Finserv. Simply log into your Bajaj Finserv account, go to the FASTag recharge section, and follow the on-screen instructions to add balance to your toll FASTag.

Transferring FASTag Balance to a Bank Account

To transfer your FASTag balance to your bank account, one must abide by the following simple steps:

 

  1. Log in to your FASTag account on the bank’s official website or app.
  2. Find the ‘MANAGE FASTAG’ or similar option and click on it.
  3. You will see the ‘TRANSFER BALANCE’ option. Select the account to which the balance is to be transferred.
  4. Enter the amount you wish to transfer and complete the process by verifying it with your transaction password or OTP.
  5. Once you press the confirm button, the said amount will be debited from your FASTag balance and credited to your bank account in a few minutes.

 

Ensure you remember that every bank may have a slightly different interface for their FASTag portal. However, the option to transfer the FASTag balance to a bank account is generally available under the ‘MANAGE FASTAG’ section.

Conclusion

FASTag has significantly improved the process of toll payments and the ability to swiftly transfer the FASTag balance to your bank account only makes it more user-friendly. With brands like Bajaj Pay winning users’ trust, FASTag’s journey looks promising.

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