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If you have recently purchased a vehicle with an existing FASTag or if you need to transfer your FASTag to another person, understanding the process of transferring FASTag ownership is essential. Let’s take a look at everything you need to know about transferring FASTag ownership, ensuring a smooth transition of the tag to the new owner.
Table of Contents
Whom can you transfer your FASTag to?
FASTag ownership can generally be transferred to any individual who meets the eligibility criteria set by the FASTag issuing bank or agency. Usually, you can transfer your FASTag ownership to:
1. The buyer of your vehicle
If you are selling your car, you can transfer the FASTag ownership to the person purchasing the car from you. This allows them to continue using the same FASTag for toll payments.
2. Family members
You can transfer the FASTag ownership to your family members, such as your spouse, parents, children, or siblings, as long as they meet the eligibility criteria set by the issuer. This enables them to operate the FASTag prepaid account if you give them your car.
How to transfer FASTag ownership?
It is important to note that the specific procedures for transferring FASTag ownership may vary slightly depending on the issuing bank or agency. Therefore, it is recommended to contact them directly for precise instructions and guidance tailored to your situation.
But typically, the steps to transfer your FASTag to the buyer of your car are as follows:
1. Contact the issuing bank or agency
Get in touch with the FASTag customer care of the bank or agency that issued your FASTag. They will guide you through the ownership transfer process and provide you with the necessary instructions.
2. Provide the required documents
Gather the necessary documents required for the ownership transfer such as proof of identity, proof of address and the vehicle’s registration certificate (RC). Here documents from both – the seller and the buyer will be required.
3. Fill out the application form
Obtain the FASTag ownership transfer application form from the issuer’s website or request it directly from the customer support representative. Fill in the required details accurately, including the buyer’s information.
4. Submit the application and documents
Submit the completed application form and the supporting documents to the designated representative. They will verify the details and guide you through the remaining process.
5. Pay the transfer fees
Inquire about any transfer fees associated with the ownership transfer. If there are any fees, make the necessary payment during your visit or online.
6. Update customer account details
Ensure that the buyer’s name, contact information, and vehicle registration details are updated in the customer account associated with the FASTag. This will help in accurate toll transactions and record-keeping.
7. Receive confirmation and provide new FASTag
Once the transfer process is completed successfully, both you and the buyer will receive confirmation of the ownership transfer. The issuing bank or agency will issue a new FASTag to the buyer, linked to their updated customer account details.
The process of transferring FASTag ownership is crucial one to ensure the continuity of toll payment services for the new owner. If at any point you face a difficulty in transferring the ownership, you can contact the issuing bank or agency to guide you through the process to help ensure a seamless transfer.