How To Check FASTag Balance in PhonePe

PhonePe is an Indian fintech app that offers its users the ability to make digital payments and access other financial services. It was established in December 2015, the same year the Indian government launched Digital India. Bangalore, in the Indian state of Karnataka, is home to its corporate headquarters. It currently offers over 35 million consumers a hassle-free digital experience while serving their online banking demands. How To Check FASTag Balance in PhonePe, follow the step-by-step instructions provided below.

Read: How to Add Nominee to Mutual Funds

PhonePe, which started as an Indian start-up, is offering its services in financial and digital payment systems. It boasts more than 35 million members and offers a variety of amenities for a seamless online experience.

Under the direction of the Reserve Bank of India, generally known as the RBI, cashless payment services became accessible to everyone in the market. Numerous UPI payment apps have deluged the Indian app market since the beginning of the Digital India Campaign in 2015 and the demonetization in 2017.

What is FASTag?

Electronic toll payment is made possible with the prepaid and contactless FASTag toll collection system. If you have a FASTag account, you are not required to stop at toll booths and wait to pay the toll. It is significant to note that FASTag is currently required for all vehicles going on India’s national highways.

Following its debut a few years ago, FASTag has completely transformed the nation’s toll collection procedure. Cashless FASTag payments using the Unified Payments Interface (UPI) helped make this possible. Only the government of India and its authorized collaborators are allowed to use the operational aspect of the FASTag balance toll collection system.

In order to provide a nationwide toll solution, the Ministry of Road Transport and Highway, or the Ministry of the Indian Government, adopted FASTag technology in October 2017. 

In collaboration with the National Highway Authority of India (NHAI), the Ministry of Road Transport and Highways launched FASTag in October 2017. FASTag balance is a completely electronic method where, as the vehicle approaches the toll plaza, mounted Radio Frequency Identification (RFID) scanners scan its distinctive FASTag rectangle code (which is placed on the windscreen) and immediately deduct the necessary toll from the owner’s FASTag balance wallet. 

Thus, the FASTag user can quickly scan his FASTag using the tag reader located there as soon as the car approaches the toll plaza. It makes it possible for FASTag users to avoid using cash and lengthy lines by paying tolls electronically.

Importance of FASTag

In the time-constrained, high-speed world of today, convenience is crucial to our everyday lives. Convenience is a factor that is becoming increasingly important when managing our FASTag balance. FASTag, an innovative electronic toll collection system, has transformed how we pay for tolls on highways and increased the comfort and effectiveness of our journey.

This convenience has been further enhanced by the addition of the FASTag balance checking feature by a well-known digital payment provider by the name of PhonePe to its wide service offering. Through the PhonePe app on your smartphone, you can now quickly check your Fastag balance.

Thanks to this revolutionary technology that allowed for quick toll payment, the length of the line-ups at toll plazas was reduced, and the time of countless commuters was preserved on the Indian roads. Numerous vehicles on Indian highways now include FASTag technology as a result of time and development.

How to Check FASTag Balance in PhonePe?

If you have a FASTag account, you must properly monitor your balance because failing to do so could cause issues while you are traveling.

Your account’s remaining funds after toll payments are known as your FASTag balance. It’s vital to understand that if your account balance is below a certain amount, you will not be permitted to fly. 

Therefore, after paying tolls, one should keep track of the funds remaining in their FASTag account. Through your online apps, you can determine the amount.

Using the steps below, you can check your FASTag balance on PhonePe.

• Download the PhonePe app: Download the PhonePe App from the Google Play Store or App Store. Check if the PhonePe app is installed properly on your smartphone.
• Tap the PhonePe icon: If you have successfully downloaded the app, you need to tap the PhonePe icon, and the app will be opened.
• Fill in the login details: Depending on whether you have an Android or iOS device, you will need your login details to access the PhonePe App.
• Choose the “See All” button. Find and touch the “See All” button on the PhonePe home screen. The “My Money” or “Payments” area of the app is especially where you may find this button.
• Find the PhonePe App’s interface: The “See All” button will be visible when the app’s user interface first appears in front of you.
• Locate the FASTag recharge: When you’re on the “See All” screen, scroll down until you locate the “FASTag Recharge” option, then click it.
• To continue, click “FASTag Recharge.” Tap the ‘See All’ option first to go to the ‘Manage FASTag’ option.
• To check the balance of a bank account, select the account: A list of bank accounts connected to your PhonePe app is displayed on the FASTag Recharge screen. To examine the FASTag balance for a certain bank account, select it.
• Follow the instructions to add your bank account securely if you haven’t already done so with PhonePe. Find the bank that issued you the FASTag by going to the ‘Manage FASTag’ option.
• Select the bank: It is advisable that you look for the name of the bank that issues FASTag using the search bar.
• Enter the information for your car (either the VIN or the wallet ID) after choosing your FASTag issuing bank.
• Tap the ‘confirm’ button after entering your wallet ID or vehicle registration number to verify the information you’ve given.
• All of your FASTag wallet’s information will be displayed on your phone’s screen once you hit the “confirm” button.
• Your screen’s bill data includes details like the customer number, FASTag balance, and the maximum recharge amount. Additionally, you have the option to pick between recharging your FASTag wallet with 500, 2000, or 3000 credits.

Conclusion

India has significantly streamlined the lives of many people in the post-digital age. However, simplified lives do leave them more open to cyber fraud. As a result, users should exercise extreme caution when disclosing personal information online or through other digital channels. Inform your bank officials as soon as possible if you observe any unusual activity involving your bank account or an online transaction.

We know that by using these methods, people’s lives have become significantly easier as a result of digitization. However, when using digital platforms, the user must exercise caution when disclosing personal information. He must be conscious of the possibility of falling for the con artists.