FASTag rules have changed, and the updated rules will be taking effect on August 1. The aim of the update in the FASTag rules is to improve the toll payment processes, along with reducing the congestion at toll booths.
The new guidelines of the FASTag rule changes have been issued by the National Payments Cooperation of India (NPCI). An important update is the mandatory FASTag Know Your Customer KYC requirements.
The process of KYC begins on Thursday. FASTag customers should make sure that their KYC is updated in the stipulated time period in order to comply with the guidelines by the NPCI.
The new FASTag rules
There are several changes been made with respect to FASTags. These changes are.
Replacement:
The very first change to talk about is teh replacement of the 5-year-old FASTags. This means that the FASTags that are older than 5 years must be replace.
Linking Vehicle:
Another key change to talk about is that the vehicle registration number and the chassis number must be lkinked with the FASTag.
For 3-year-old FASTags:
KYC must be updated for FASTags for the FASTags issued 3 years ago.
Image upload requirement:
The changes require the users to upload a clear image of the front and side of the car.
Database verification:
As per the new rules, it is mandatory for the FASTag providers to verify their databases.
Linking with mobile number:
It is mandatory for the users to link their FASTags with their mobile numbers.
Apart from these changes, it is mandatory for the companies to adhere to NPCi mandates starting from August 1. The mandates involve updating the FASTags that are 3 to five years old. The guidelines also demand updating the FASTags that are older than five years.
The Final Note
FASTag is an important element that fosters easy and smooth toll payments. These reduce the traffic at toll plazas. The FASTag users will have time to complete their KYC processes for the FASTags issud between three to five years, starting from August 1 till October 31.
It is important to note that the final deadline for the completion of all the KYC requirments is declared to be October 31, 2024. It is thus wise to not delay the updates in order to avoid any potential issues.
ALSO READ: Driving License Rules Changed: Here are all the details you need to know
ALSO READ: Green Credit Program Rules: What are these rules? What is the program all about?
Comments
All Comments (0)
Join the conversation