Author
LoansJagat Team
Read Time
13 Min
09 Apr 2025
Bank of Maharashtra (Bank of Maharashtra) is one of India's prominent public sector banks, founded in 1937. It is headquartered in Chennai, Tamil Nadu. With a rich history spanning over 80 years, Bank of Maharashtra has earned a reputation for offering a variety of banking services, including savings and current accounts, loans, and digital banking solutions.
Bank of Maharashtra's strength lies in its customer-focused approach, consistently innovating to meet the needs of its clients. The bank's financial stability is reflected in its wide network of branches across India and its presence in several international markets. The bank is known for its commitment to making banking accessible, efficient, and secure for all sections of society.
Customer Profile: Let's consider Mr. Anil Kumar, a regular commuter who drives across national highways regularly for both personal and professional purposes. He often faces long queues at toll booths, which wastes valuable time and incurs additional fuel costs.
Current Account and FASTag Integration: Mr. Kumar opened a current account with Bank of Maharashtra, which offers a seamless integration with the Bank of Maharashtra FASTag. A FASTag is an electronic toll collection device that uses Radio Frequency Identification (RFID) technology, allowing toll fees to be deducted directly from his bank account without the need to stop at toll booths.
Parameter | Details |
FASTag Balance in Bank of Maharashtra | ₹1,000 (initial deposit) |
Toll Charges per Month | ₹2,500 |
Total Toll Charges per Year | ₹30,000 |
Time Saved per Month | 10 hours |
Fuel Savings per Month | ₹500 (due to less idling at tolls) |
Annual Toll Savings | ₹6,000 |
Annual Time Savings | 120 hours (5 days) |
Bank of Maharashtra (Bank of Maharashtra) FASTag is an electronic toll collection system designed to make travel smoother and faster for motorists. It uses Radio Frequency Identification (RFID) technology to facilitate automatic toll payments without the need to stop at toll booths.
Account Management:
Bank of Maharashtra FASTag offers a range of features that provide convenience and enhance the travel experience for its users. These features help in reducing manual intervention, improving toll payment efficiency, and managing toll expenses seamlessly.
Feature | Description |
Cashless Transactions | Eliminates the need for carrying cash; toll payments are automatically deducted from the linked account. |
SMS Transaction Alerts | Customers receive SMS notifications for each toll transaction, ensuring transparency and easy tracking. |
Online Account Management | A dedicated web portal allows customers to manage their FASTag accounts, including recharges and transaction history. |
Multiple Tag Management | Customers can have multiple FASTags under a single wallet, simplifying the management of toll payments for multiple vehicles. |
Recharge Facilities | Offers both online and offline recharge options for added convenience. |
Auto Top-Up Facility | For Bank of Maharashtra account holders, an auto top-up feature ensures the FASTag balance is automatically replenished when it falls below a specified threshold. |
The Bank of Maharashtra FASTag system provides various benefits, making the toll payment process easier, faster, and more cost-efficient for users. It is designed to save both time and money while offering seamless access to toll plazas.
Benefit | Description |
Time Savings | Reduces waiting time at toll booths, contributing to faster travel and improved traffic flow. |
Cost Savings | Minimizes fuel consumption due to less idling at toll plazas, leading to overall cost reductions. |
Convenience | Streamlines the toll payment process, making travel more hassle-free for customers. |
Financial Transparency | Regular SMS alerts and online account access provide clear visibility into toll expenses. |
Seamless Integration | Easy integration with Bank of Maharashtra accounts allows for straightforward management and recharging of the FASTag. |
Enhanced Mobility | Facilitates smooth passage through tolls, enhancing the overall travel experience. |
Also Read - Bank of Maharashtra Net Banking
Bank of Maharashtra (Bank of Maharashtra) offers two convenient ways to purchase and activate a FASTag Online and Offline. Below is a detailed explanation of both processes:
Offline Process:
Online Process:
Activation of FASTag:
Bank of Maharashtra (Bank of Maharashtra) offers the FASTag service to facilitate seamless toll payments for its customers. Below is a detailed overview of the fees and charges associated with Bank of Maharashtra FASTag:
Fee/Charge | Amount (INR) | Description |
FASTag Issuance Fee | 100 | One-time fee for issuing a new FASTag. This amount is refundable upon closure of the FASTag account. |
Minimum Initial Balance | 200 | Mandatory minimum balance required in the FASTag account at the time of issuance. |
Auto Top-Up Facility | Available | Automatic recharge option for Bank of Maharashtra account holders to maintain sufficient balance in the FASTag account. |
Replacement Fee for Lost/Damaged Tag | 100 | Fee charged for replacing a lost or damaged FASTag. |
Wallet Limit (Per Month) | 50,000 | Maximum permissible wallet limit for toll transactions within a month. |
Maximum Wallet Balance | 100,000 | Upper limit of the wallet balance at any given time. |
Minimum Recharge Amount (Digital Channels) | 200 | Minimum amount required for recharging the FASTag through digital channels. |
Transaction SMS Alerts | Free | Complimentary SMS notifications for each toll transaction. |
Online Account Management | Free | No charges for managing the FASTag account online. |
Multiple Tag Management | Free | The facility to manage multiple FASTags under a single wallet at no additional cost |
Note:- The above charges are subject to change. For the most current information, refer to the Bank of Maharashtra's official sources.
Activating your Bank of Maharashtra FASTag is a simple process that ensures seamless toll payments. Once you have received your FASTag, follow the steps below to activate it and start using it.
Recharging your Bank of Maharashtra FASTag ensures a smooth toll payment experience. Here are the various ways you can recharge your FASTag:
Offline Recharge:
Here is a table that explains the different ways to check your Bank of Maharashtra FASTag balance:
Method | Details |
Online Portal | Visit the official Bank of Maharashtra website, log in to your FASTag account, and view your balance. |
Mobile App | Open the Bank of Maharashtra mobile app, log in to your account, and check the balance in the FASTag section. |
SMS Alerts | Receive real-time SMS notifications for each toll transaction, which also includes your balance. |
Here is a table summarizing the ways to get in touch with Bank of Maharashtra for any FASTag-related queries:
Support Channel | Details |
Customer Care Numbers | Toll-free Helpline: 1800 233 4526 |
Email Support | Email: customercare@Bank of Maharashtra.in |
Branch Support | Visit any Bank of Maharashtra branch for in-person assistance regarding FASTag issues. |
FAQs and Online Support | Visit the Bank of Maharashtra official website for frequently asked questions and self-help guides. |
FASTag Helpdesk | Available in the FASTag Customer Care section on the Bank of Maharashtra website for troubleshooting. |
Operational Hours | Monday to Saturday (Excluding public holidays) during business hours. |
In conclusion, Bank of Maharashtra FASTag offers a convenient and efficient solution for toll payments, providing multiple options for purchasing, activating, recharging, and managing the FASTag. The process is streamlined, whether online through the website or mobile app, or offline at the bank’s branches. Customers can also manage their balance, receive real-time alerts, and enjoy a variety of benefits, such as auto top-up and multiple tag management.
Bank of Maharashtra FASTag ensures a smooth travel experience with easy activation and recharge methods, while the customer support system is accessible through various channels, including phone, email, and branch visits. The bank’s commitment to customer satisfaction is reflected in its well-structured services and transparent fee system.
Can I link my Bank of Maharashtra FASTag to a joint account?
Yes, you can link your Bank of Maharashtra FASTag to a joint account, as long as all account holders have provided the necessary documents and agreed to the terms.
What happens if my Bank of Maharashtra FASTag balance is insufficient while passing through a toll?
If your FASTag balance is insufficient, the toll booth may allow you to pay the toll in cash or through other payment methods, depending on the booth’s policies.
Is there a way to transfer my FASTag from one vehicle to another?
Transferring a FASTag from one vehicle to another is possible. However, you will need to request a replacement tag through the bank and provide the new vehicle details.
What should I do if my FASTag gets damaged or is not working properly?
If your FASTag is damaged or not functioning, you can request a replacement from Bank of Maharashtra by visiting a branch or through their customer care service.
How do I know if my FASTag has been linked successfully to my account?
After successful linkage, you will receive a confirmation message via SMS or email from Bank of Maharashtra. You can also verify the linkage by checking your FASTag account balance online.
Can I change the payment method associated with my FASTag after activation?
Yes, you can change the payment method (such as linking a different account or credit/debit card) by logging into your FASTag account and updating the payment details.
Is it possible to have multiple FASTags linked to a single wallet?
Yes, Bank of Maharashtra allows users to manage multiple FASTags under a single wallet, which can be convenient for families or businesses managing several vehicles.
Other Fastag Pages | ||
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