What is FASTag Statement and how to download it?
12 October, 2023
If you’re a regular traveller across National Highways, you would be aware of the effort and time that goes into stopping at each toll plaza, paying the fee in cash, and then continuing with your journey. To make the toll-collecting process smoother and more convenient, FASTag was introduced by the government. FASTag comes in the form of a sticker that is secured on your car’s windscreen. A FASTag prepaid account is linked to your Savings Account and toll is deducted from the prepaid account. You can view your past toll payments with your FASTag statement.
What is a FASTag statement?
A FASTag statement is a comprehensive record of all the toll payments made from your FASTag account. The statement provides a detailed list of the toll payments made, the corresponding deductions from your linked prepaid wallet and identification of the specific toll booth where each payment was made, with timestamps.
How to download FASTag statement?
You can download your FASTag statement via your bank’s FASTag portal. If you have a FASTag from HDFC Bank, here’s how you can download your FASTag statement:
Go to HDFC Bank’s FASTag portal.
In the log in section, enter your User ID, Wallet ID, Mobile Number or Vehicle Registration Number.
Enter the one-time password (OTP) if you’re logging in using your mobile number or provide your password.
Once you log in, go to ‘Statement’ and select ‘Wallet Transactions’.
Enter the from and to dates for which you would like the statement to be generated.
Click on ‘Generate Statement’.
You can view all your toll payments for the select period. You can check the:
Transaction date
Transaction ID
Vehicle registration number
Merchant ID
Opening and closing balance
Transaction amount
Click on ‘Export Excel’ or ‘Export PDF’ to download the statement in the corresponding format.
How a FASTag statement helps?
A FASTag statement summarises all toll transactions conducted using a FASTag.
It contains information such as the name of the toll plaza, the date and time of the transaction, the toll amount, and the vehicle registration number.
The statement allows users to keep track of their toll payments.
It is available through a variety of methods, including the FASTag online portal or mobile apps.
You can download the FASTag statement for reimbursement or auditing purposes by organisations.
It is critical to verify the FASTag statement on a frequent basis to ensure transaction accuracy and to spot any inconsistencies.
How does FASTag work?
FASTag is a reloadable tag, allowing you to pass through toll plazas without stopping to pay toll in cash. Funds from a single wallet can be used for all toll payments across the country. It uses Radio Frequency Identification (RFID) technology to eliminate human intervention in the toll collection system.
You can link your HDFC Bank Savings Account to FASTag for automated toll payments. You must first get a FASTag profile for your vehicle, for which you can connect to HDFC Bank's FASTag portal and pay using a Debit/ Credit Card, UPI ID or NetBanking.
Benefits of using FASTag
FASTag comes with numerous benefits:
You can maintain your speed at toll plazas, saving valuable time and fuel.
Since vehicles don't have to stop or slow down, traffic congestion at tolls is significantly reduced.
Using FASTag means receiving notifications and updates every time a payment is made. This enhances transparency and makes it easy to keep track of your expenses.
FASTag is a digital solution. So, it contributes to environmental conservation by minimising the use of paper for toll receipts.
FASTag has a long-time validity of 5 years.
Your FASTag statement offers a beneficial way to keep a check on your regular travel expenses. HDFC Bank encourages you to review your FASTag statement periodically, to maintain transparency and to ensure correct deductions for your travel expenses.
*Terms and conditions apply. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Any information or charges mentioned above are subjected to change. Please connect with the HDFC Bank team to know the latest information.
