Tuesday, April 23, 2024

FASTags with incomplete KYC to be deactivated put up January 31

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State-owned NHAI on Monday mentioned FASTags with legitimate balances however with incomplete KYC will get deactivated by banks post-January 31, 2024. File Picture
| Picture Credit score: N. Bashkaran

State-owned NHAI on Monday mentioned FASTags with legitimate balances however with incomplete KYC will get deactivated by banks post-January 31, 2024.

To reinforce the effectivity of the digital toll assortment system and supply seamless motion at toll plazas, NHAI has taken the ‘One Car, One FASTag’ initiative that goals to discourage the usage of single FASTag for a number of autos or linking a number of FASTags to a selected car, an official assertion mentioned.

The Nationwide Highways Authority of India (NHAI) can also be encouraging FASTag customers to finish the ‘Know Your Buyer’ (KYC) strategy of their newest FASTag by updating KYC as per RBI tips, it added.

To keep away from inconvenience, the assertion mentioned customers should be sure that the KYC of their newest FASTag is accomplished.

It added that FASTag customers should additionally adjust to ‘One Car, One FASTag’ and discard all the sooner issued FASTags via their respective banks.

“Solely the most recent FASTag account shall stay lively as earlier tags might be deactivated/blacklisted after thirty first January 2024,” the assertion mentioned.

For additional help or queries, FASTag customers can attain out to the closest toll plazas or toll-free buyer care variety of their respective issuer banks.

The assertion mentioned NHAI has taken this initiative after current experiences of a number of FASTags being issued for a selected car and FASTags being issued with out KYC in violation of RBI’s mandate.

Other than this, FASTags are typically intentionally not fastened on the windscreen of the car, leading to pointless delays at toll plazas and inflicting inconvenience to fellow nationwide freeway customers.

With a penetration price of round 98 per cent and over 8 crore customers, FASTag has revolutionized the digital toll assortment system within the nation.

The assertion famous that the ‘One Car, One FASTag’ initiative will assist make toll operations extra environment friendly and guarantee seamless and cozy journeys.

FASTag is an digital toll assortment system in India, operated by the NHAI. It employs Radio Frequency Identification (RFID) expertise for making toll funds straight from the pay as you go or financial savings account linked to it or straight toll proprietor.


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