FASTag was introduced by the Indian government as part of the National Electronic Toll Collection (NETC) program. It became mandatory for all vehicles across India to have FASTag for electronic toll payments starting from January 2021.
Today, FASTag services are now provided by various nationalised and private banks. Among these banks is Punjab & Sind Bank (PSB). PSB FASTag facilities to motorists to contribute to the widespread adoption of electronic toll payments. This collective effort aims to enhance the efficiency and convenience of road travel for commuters nationwide.
FASTag employs Radio Frequency Identification (RFID) technology to enable automatic toll payments. As you approach a toll plaza, this RFID technology allows for the information stored within the tag to be read by tag readers installed at the plaza. The applicable toll fee is then automatically deducted from your linked FASTag account or wallet.
Here are the benefits of using PSB FASTag:
You can recharge FASTag online either through the mobile app or website:
Some of the benefits of FASTag recharge with ACKO are as follows:
Listed below are the banks supported by ACKO for FASTag recharge:
Recharging your Punjab & Sind Bank FASTag doesn’t require any documentation.
However, to apply for a Punjab & Sind Bank FASTag, here is the list of documents you need:
Here's a comprehensive table outlining the fee structure associated with the Punjab & Sind Bank FASTag.
Vehicle | Threshold Amount | Security Deposit |
Car / Jeep / Van | 100 | 100 |
Tata Ace and Mini Light Commercial Vehicles | 100 | 100 |
Light Commercial vehicle 2- axle / Mini Bus | 200 | 200 |
Bus 3-axle | 300 | 300 |
Truck 4-axle and above | 300 | 500 |
Earth Moving / Heavy Construction Machine | 300 | 500 |
By eliminating the need to halt at toll plazas and enabling automatic toll deductions, it elevates the driving experience. Coupled with effortless recharge methods and seamless integration across various toll plazas, Punjab & Sind Bank FASTag emerges as an indispensable asset for frequent highway commuters.