Mumbai,  4^thFebruary, 2021.

To make commute smarter, cheaper and convenient across toll plazas at national & state highways, expressways and across inter & intra city travel, Kotak Mahindra Bank (Kotak) today announced a mega offer on Kotak NETC FASTags for all passenger cars– a cashback offer of up to Rs 500* on toll payments across India. There is more! Kotak also announced a waiver of issuance fee on Kotak NETC FASTags.This offer is available to both Kotak customers as well as non-customers, who avail of Kotak NETC FASTag through select channels on or before 31^st March, 2021.

Commuters can easily apply for Kotak NETC FASTags in a variety of ways. They can apply online at www.kotak.com/fastag; walk-in to any Kotak branch and obtain a ReadyToGo kit; SMS KTAG to 5676788; or apply via the bank’s Customer Contact Centre – 1860266 2666. Bank’s privy league and wealth customers have a dedicated Customer Contact Centre number – 1800 266 6666

Puneet Kapoor, President - Products, Alternate Channels and Customer Experience Delivery, Kotak Mahindra Bank said, “FASTag has made travelling easier and stress-free with cashless payments, faster transit and savings on fuel. Now, seamless travel comes with fantastic add-on benefits making Kotak NETC FASTag the perfect travelling companion. Additionally, with a number of convenient ways to get a Kotak NETC FASTag, there is simply no better way to commute.”

From 1^st January, 2021 onwards, the use of FASTags has been made mandatory.  The cashback and issuance fee waiver offer on Kotak NETC FASTags is valid till 31^st March, 2021. Cashback of up to Rs 500 is applicable on toll transactions completed in one month from the date of issuance of the Kotak NETC FASTag. The cashback will be deposited to the customer’s FASTag wallet within 30 days after the completion of a month’s toll transaction period.