Ministry of Road Transport and Highways has implemented a new toll collection system in India to encourage electronic payment at the toll plazas. This new system of toll collection is known as Fastag and it is operated by the National Highway Authority of India i.e. NHAI. Fastag device helps you to make the toll payment conveniently without any need to stop at the toll plazas.
Fastag can be purchased from any issuing bank like ICICI Bank and mobile payment apps like PhonePe. Once you purchase a Fastag for your vehicle, you have to install it on the windshield of your vehicle from inside. Radio Frequency Identification technology i.e RFID is used in all Fastag devices including ICICI Bank Fastag. Through this RFID technology, the exchange of waves is done between the scanners at the toll plazas and the Fastag device. Once the scanners at the toll plazas scan your Fastag device, all the information about your vehicle is obtained and the toll payment is made automatically.
ICICI Bank has recently joined hands with PhonePe which is one of the leading mobile payment services in India. After this collaboration between ICICI Bank and the PhonePe app, vehicle owners can buy Fastag from ICICI bank using the PhonePe app. PhonePe is currently providing a very nice offer for new users who purchases Fastag from ICICI bank. Here in this article, we will provide detailed information about how to purchase ICICI Bank Fastag using PhonePe and avail the offer.
What is PhonePe Cashback offer to buy ICICI Bank Fastag?
As mentioned above PhonePe is running an offers to buy ICICI Bank Fastag. Under this offer, if a vehicle owner purchases a new Fastag from ICICI Bank through the PhonePe app and makes the payment using UPI, then he will get cashback of Rs. 499.
Here are the details of this offer:
- Buy ICICI Bank Fastag using UPI through the PhonePe app.
- After purchasing a Fastag you will get a scratch card and earn a cashback of up to ₹499
- To get this cashback, you must have to make a minimum transaction of ₹499
- The value of the cashback amount ranges from ₹20 to ₹499 depending upon the transaction.
Eligibility Criteria for PhonePe Cashback offer on ICICI Bank Fastag
The eligibility criteria for this cashback offer by PhonePe app is:
- This cashback offer is applicable only to a selected number of users.
- Only those customers can avail this PhonePe cashback offer, who purchases ICICI Bank Fastag for the first time.
- Users must make the payment of buying the ICICI Bank Fastag only using UPI.
- If users choose any other mode of payment, then they will not be eligible for this offer.
- The whole payment of purchasing Fastag must be made using UPI. If users make some amount of payment using any other payment method like from the wallet balance etc then also they are not eligible for this offer.
- Residents of Tamil Nadu are not eligible to claim this cashback offer.
Duration of PhonePe Cashback offer on ICICI Bank Fastag
This cashback offer by PhonePe is valid from 00:00 hrs 4th November 2021 to 23:59 hrs 31st December 2021. Although currently the last day to get this offer is till 31st December 2021 but it is likely that PhonePe will extend this offer soon to attract more and more new customers.
How to get the scratch Card for PhonePe Cashback Offer on ICICI Bank Fastag
- Open the PhonePe app on your Mobile phone.
- After opening the PhonePe app, you will see the ‘Recharge & Pay Bills’ option.
- Click on ‘See All’ under this option.
- A list of more options will appear to you.
- Here you will find ‘Buy Fastag’ option under ‘Purchases’
- An application form will open which you have to fill up to buy ICICI Bank Fastag.
- Enter all the required information in this form like PAN no., Vehicle Registration No., Mobile Number, etc.
- After entering all the required details click on the ‘Continue’ option.
- Now you have to make the payment of buying the ICICI Bank Fastag using PhonePe.
- Although a list of many payment modes appears, you must make sure to do the payment using UPI in order to be eligible for the cashback offer.
- Once your transaction is complete i.e you have purchased ICICI Bank Fastag, you will get a Scratch Card.
How to redeem the Scratch Card to get Cashback?
- After buying ICICI Bank Fastag using PhonePe, you will receive a Scratch Card.
- Open the PhonePe app on your mobile phone.
- You will see the ‘Rewards’ option.
- Once you click on the ‘Rewards’ option, you will be able to see an unscratched Card.
- You have to swipe this unscratched card to claim a cashback offer of up to ₹499.
- The cashback amount will be transferred to your PhonePe wallet account within 24 hours of scratching the card.
Other Terms & Conditions for PhonePe Cashback offer on ICICI Bank Fastag
- PhonePe users can get a cashback of up to ₹9,999 in their Wallet in a single financial year i.e from 1st April to 31st March.
- Both iOS and Android mobile users of the PhonePe app can claim this cashback offer.
- It is not possible to withdraw the cashback amount that you receive after redeeming the scratch card into your bank account.
- You can only use the cashback amount to make transactions on the PhonePe app. You can make such transactions as recharges, bill payments, etc with this cashback amount.
- If you have any questions or issues related to this cashback offer, then you must put this query within 30 days of purchasing the Fastag.
- The offers and awards by PhonePe including this cashback offer can be changed at any time.
- The terms and conditions associated with this cashback offer can also be changed at any time by PhonePe.