Last Updated: February 03, 2024, 19:20 IST
Earlier, the final date for updating FASTag KYC was January 31. (Representative picture)
FASTag is an digital system for amassing tolls on highways which eases the tax funds at toll plazas whereas additionally keeping track of transferring automobiles
The National Highway Authority of India (NHAI) prolonged the KYC compliance deadline for FASTags by one month — February 29, 2024 — a senior authorities official stated. Earlier, the final date to finish the KYC was January 31.
“Only 7 lakh multiple FASTags have been closed out of 1.27 crore. Hence, we are proceeding with extending the deadline by another one month,” the official instructed PTI.
WHAT IS FASTag?
This is an digital system for amassing tolls on highways which eases the tax funds at toll plazas whereas additionally keeping track of transferring automobiles. Applying a tag to the automobile’s windscreen that’s linked to a checking account or pay as you go card, makes use of RFID know-how.
When a automobile with a FASTag on it approaches a toll sales space, the system scans the tag and deducts the toll immediately from the related card or account.
HOW TO UPDATE KYC ON FASTag?
- Step 1: Go to the official financial institution-linked FASTag web site.
- Step 2: Then log in utilizing your cell quantity and key within the OTP acquired in your cellphone.
- Step 3: On the homepage, search for the “My Profile” part and click on on the KYC tab.
- Step 4: As a brand new window opens, enter all the required particulars and click on the submit button.
- Step 5: The KYC might be accomplished and it’ll show in your up to date standing.
DOCUMENTS REQUIRED FOR FASTag KYC
- Vehicle Registration Certificate
- Identity Proof (acceptable IDs embody Voter ID, Aadhaar card, Passport, Driving license, PAN card)
- Address Proof
- Passport-size photograph
KYC’S IMPORTANCE FOR FASTag
NHAI just lately knowledgeable that, even in circumstances the place there may be an ample steadiness, banks will deactivate or blacklist all FASTags with incomplete Know Your Customer (KYC) updates after January 31, 2024.
This measure comes as an answer to cease the intentional non-fixing of FASTags on automobiles, the issuance of a number of FASTags for a single automobile and the distribution of FASTags with out KYC verification.
