FASTag KYC deadline is not over:
As part of the ‘One Vehicle, One Fastag’ program, the National Highways Authority of India (NHAI) and RBI have made it compulsory for users to undergo the KYC (Know Your Customer) process. The original deadline for completing the KYC was February 29th, however, it was later extended by an additional month. Feb 29th was the final chance for users to fulfill this requirement. There were speculations that NHAI might further extend the deadline by another month, making March 31 the new last date.
What is a Fastag?:
FASTag is a nifty gadget that you can stick to your vehicle’s windshield. You have the option to cleverly link it to either your bank account or a prepaid card. As the vehicle equipped with FASTag passes through a toll plaza, a scanner recognizes the tag and automatically deducts the toll amount from the linked bank account or prepaid card.
What is FASTag and how it works?
Steps to update FASTag KYC on the Portal
Follow these steps:
- Go to the official website of your bank/issuing authority.
- Log in to your account using your credentials.
- Look for the option to update your FASTag KYC.
- Click on the KYC tab or any relevant option.
- Keep your vehicle registration certificate, driving license, address proof, identity proof, and a photograph ready.
- Fill out all the necessary information as required.
- Submit the updated KYC details.
- Once the update is successful, your FASTag KYC will be updated on the bank/issuing authority portal.
Please ensure that you provide accurate and up-to-date information during the KYC update process.
- Begin by accessing the designated website of the bank or issuing authority responsible for your FASTag.
- Proceed to log in to the bank’s website using your provided credentials.
- After successfully logging in, navigate to the FASTag section and proceed to the KYC segment.
- Ensure you have your vehicle registration certificate, driving license, address proof, identity proof, and a photograph readily available.
- Complete all required fields with the necessary information, and you will have successfully finished the process.
- Online: Through online wallets or FASTag issuing companies: Alternatively, you can acquire FASTags through online wallets such as Paytm or directly from FASTag issuing companies like ICICI Bank or NPCI. The application process is similar to that of applying through a bank’s website.
- Offline: At Point-of-Sale (POS) locations: FASTags are also obtainable at Point-of-Sale (POS) locations such as toll plazas and select retail outlets. Simply visit a POS location, complete an application form, submit the necessary documents (similar to online applications), and make the payment.
Here are some additional considerations:
The documents required for an application may slightly differ depending on the issuing agency. It is generally advisable to refer to their specific website for the most up-to-date information.
FASTags typically necessitate a minimum balance. Ensure that you recharge your account before usage to avoid any complications at toll booths.
