Customers of ICICI Bank can avail FASTag utilizing the Bank’s digital channels or by visiting the closest department. (Representative picture)
It permits customers to arrange the standing directions for auto recharge on UPI. It eliminates the inconvenience brought on on account of inadequate funds in FASTag.
ICICI Bank on Thursday introduced that it has enabled FASTag auto recharge by means of Unified Payments Interface (UPI) mandate. The facility gives one more choice to customers to recharge their FASTag routinely as per predefined frequency in a totally digital method. It helps customers to cross by means of the FASTag lane at toll plazas seamlessly and eliminates the inconvenience of not having adequate funds of their accounts.
It permits customers to arrange the standing directions for auto recharge on UPI. It eliminates the inconvenience brought on on account of inadequate funds in FASTag.
Benefit for customers
Users can arrange the standing directions by means of the UPI mandate by a one-time fast and simple course of. They can use the ability to recharge FASTag affixed on the automobile or the FASTag pockets with their chosen frequency options- each day, weekly, month-to-month, and quarterly. They can activate and deactivate the auto recharge facility as per their comfort.
Customers of ICICI Bank can avail FASTag utilizing the Bank’s digital channels akin to web banking, iMobile Pay app, InstaBIZ app, Pockets app or by visiting the closest department.
Customers of different banks may buy the FASTag from ICICI Bank by visiting the financial institution’s web site, ICICI Bank FASTag gross sales workplace on the toll plaza. Users can reload cash on FASTag on-line utilizing UPI and NEFT platforms.
Sudipta Roy, head – bank cards, cost options and service provider ecosystem, ICICI Bank, mentioned, “We are delighted to introduce auto recharge facility through UPI mandate for FASTag. ICICI Bank is the first bank to offer this facility. With the government’s initiative to install FASTag in vehicles for toll fees and increased adoption of UPI payments, we believe the auto recharge facility using UPI mandate will offer more convenience to users.”
Users can set-up the UPI mandate and recharge the FASTag routinely with just a few easy steps:
- Login to ICICI Bank FASTag buyer portal
- Select ‘Payments’ > Standing Instructions for UPI’ from the highest menu
- Enter particulars like ‘Payment Frequency’, ‘Virtual Payment Address (VPA)’, ‘Top -up Amount’ and ‘Start Date’ to set ‘Standing Instructions through UPI’
- Go to UPI Mandate part in cellular banking app to just accept the authorisation request
- Accept the pre-debit notification despatched from the cellular banking app 24 hours previous to the quantity deduction
- UPI Mandate can be triggered and the quantity can be deducted from the shopper’s account with any financial institution on the scheduled date
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