Bank of Maharashtra offers a FASTag device for anyone to subscribe to, you do not need to be an account holder of the bank for using the FASTag device, although it would help in managing.
FASTag is a device that is used as an online toll tax collecting device that would pay the toll tax using electronic means.
You should purchase the device as the government has made the use of the FASTag device mandatory. Bank of Maharashtra is an official vendor where you can buy your FASTag device.
In this article, we will discuss How to Apply for Bank of Maharashtra FASTag? Documents Required, Process, etc.
Table of Contents
How to Apply for Bank of Maharashtra FASTag?
You can use the following methods to apply for the Bank of Maharashtra FASTag device-
- Visit the Bank of Maharashtra premises and ask the bank representative for the FASTag account opening form
- Now, fill the application form with details like name, address, vehicle number, chassis number, engine number, etc.
- Attach all the documents of your vehicle category along with the application form and submit it to the bank representative
- Also, make sure you are submitting the initial deposit amount as well
- Your application and documents will be reviewed and they will be further forwarded for processing
- After processing your application request, you’ll be notified about the status of the FASTag request within 3-4 working days, and your FASTag device will be dispatched and reach you within 7 working days
- After receiving your Bank of Maharashtra FASTag device, you’ll have to install the device on your vehicle and login to your account using the official Bank of Maharashtra FASTag portal
- After logging in, you’ll be able to manage your device using the portal like Recharging your FASTag device, checking device balance, etc.
Documents Required for Applying for Bank of Maharashtra FASTag device
The following are the documents required for applying for the Bank of Maharashtra FASTag device-
Personal Vehicle
- Registration Certificate (RC) of the vehicle.
- Passport size photograph of the vehicle owner
- KYC documents as per the category of the vehicle owner
- ID Proof and Address Proof from the list mentioned & 1 passport size photograph
Sole Proprietary
- Entity proof – Shop Establishment Certificate / GSTN Certificate / Electricity Bill/any other proof acceptable to the bank
- ISA (Identity, Signature & Address) of Proprietor – Aadhaar (not mandatory) & Pan Card
- GST Registration Certificate required as per the limit set by the GOI
Partnership
- Partnership Deed
- PAN Card (Mandatory)
- List of Partners along with capital/profit percentage (to be signed by all partners)
- ISA of all the partners
- GST Registration Certificate
Limited Liability Partnerships
- LLP Agreement
- Certificate of Incorporation issued by the Registrar of Cos
- PAN Card
- ISA of Designated partners
- GST Registration Certificate
Private / Public Limited Companies
- Certificate of Incorporation/Registration Certificate of the Firm
- Certificate of commencement of business (only for limited Companies incorporated under Companies Act 1956)
- Updated Memorandum & Articles of Association
- PAN Card
- List of Directors
- Board Resolution for Authorized Signatory
- GST Registration Certificate
Charges for FASTag Devices
The following are the charges associated with different types of FASTag Devices for different categories of vehicles-
| Vehicle Category | Tag Deposit (Rs.) | Threshold Amount (Rs.) | Tag Colour | Tag Class |
| Car/van/jeep | 200 | 200 | Violet | 4 |
| Mini bus/light commercial vehicle | 300 | 140 | Orange | 5 |
| Mini light commercial vehicle | 200 | 100 | Violet | 4 |
| 2-axle bus or truck | 400 | 300 | Green | 7 |
| 3-axle bus | 400 | 300 | Yellow | 6 |
| 3-axle truck | 500 | 300 | Yellow | 6 |
| 4/5/6-axle truck, tractor with trailer, or tractor | 500 | 300 | Pink | 12 |
| 7-axle and above truck | 500 | 300 | Blue | 15 |
| Heavy construction or earth-moving machinery | 500 | 300 | Black | 16 |
FAQ
You can install the FASTag device from inside of the vehicle by removing the adhesive from the device and pasting the device on the windshield preferably in the center of the windshield. Make sure that the device is visible from the outside of the vehicle and that there are no obstructions while viewing from the outside.
No, Two-wheelers are kept outside of the FASTag device mandatory requirement. You do not need to have a FASTag device installed on your vehicle.
If you do not use the FASTag device to commute through a toll tax or your FASTag device balance is exhausted then you’ll have to pay twice the amount of tax that you would pay with the FASTag device as a penalty. This is an official Government of India order.
In case, the FASTag scanner is not working then you have a legal right to not pay the toll tax and demand free transit. This is a Government of India order and is viable across India.
I’m Shiv Kumar, a graduate with a passion for finance, marketing, and technology. My journey into finance started with a desire to understand money management and investing.
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