BANKING AFFAIRS

Detailed explanation-1: -Bank of Baroda FASTag has a one time issuance fee of Rs. 100 inclusive of applicable tax (Rs 84.74 + GST) and the refundable security deposit depends on the vehicle type and minimum recharge (threshold) at the time of tag activation. Please go through the Fees & Charges header in the above article.

Detailed explanation-2: -Is there any minimum value for FASTag recharge/top up? Yes, the minimum recharge amount is Rs. 100.

Detailed explanation-3: -One-time Security Deposit: A one-time security amount of Rs. 99 needs to be deposited at the time of FASTag purchase. The amount will be refunded at the time of closing your FASTag account.

Detailed explanation-4: -The FASTag is issued on the basis of KYC documents and cannot be used for more than one vehicle. What are the issuance charges for Bank of Baroda FASTag? The FASTag issuance charges are Rs. 100 which is inclusive of applicable taxes.