New FASTag Rules To Come Into Effect On August 1: Check Details
Starting August 1, 2024, the National Payments Corporation of India (NPCI) will enforce new guidelines for FASTag users, focusing on updated Know Your Customer (KYC) requirements. FASTag is a pre-paid tag facility for vehicles that allows non-stop movement of traffic without having to wait at the toll plazas. The FASTag KYC check has been introduced to enhance the efficiency of the electronic toll collection system and provide seamless movement at toll plazas. Here are the key changes: KYC Update: FASTag users must update their KYC details until October 31, especially if their FASTag is between 3 to 5 years old Replacement of Old FASTags: Any FASTags older than five years must be replaced. Linking Vehicle Details: Vehicle registration number and chassis number must be linked with the FASTag New Vehicle Registration Update: New vehicle owners must update their FASTag with the vehicle's registration number within 90 days of purchase. Database Verification:...