Valid FASTags with a steadiness however incomplete KYC will face deactivation or blacklisting by banks after January 31, 2024, in accordance to the National Highways Authority of India (NHAI). The NHAI is selling its ‘One Vehicle, One FASTag’ initiative to discourage the observe of utilizing a single FASTag for a number of automobiles or linking a number of FASTags to a specific car, aligning with RBI tips.
The initiative goals to deal with points such because the issuance of a number of FASTags for a single car, issuing FASTags with out KYC, and the deliberate non-fixing of FASTags on car windscreens, inflicting delays at toll plazas.
“To enhance the efficiency of the Electronic Toll Collection system and provide seamless movement at the Toll Plazas, NHAI has taken the ‘One Vehicle, One FASTag’ initiative, which aims to discourage user behaviour of using a single FASTag for multiple vehicles or linking multiple FASTags to a particular vehicle. NHAI is also encouraging FASTag users to complete the ‘Know Your Customer’ (KYC) process of their latest FASTag by updating KYC as per RBI guidelines. FASTags with a valid balance but an incomplete KYC will get deactivated or blacklisted by banks after January 31, 2024,” mentioned Ministry of Road Transport and Highways in a press assertion.
The NHAI mentioned that the ‘One Vehicle, One FASTag’ drive goals to improve the effectivity of the nation’s digital toll assortment system and supply seamless motion at toll plazas. Completing KYC for the newest FASTag is advisable to keep away from inconvenience, and customers are urged to comply with the initiative by discarding all beforehand issued FASTags via their respective banks.
“To avoid inconvenience, users must ensure that KYC of their latest FASTag is completed. FASTag users must also comply with ‘One Vehicle, One FASTag’ and discard all the earlier issued FASTags through their respective banks,” it mentioned.
Only the newest FASTag account will stay lively, and all earlier tags will likely be deactivated or blacklisted after January 31, 2024. For help or queries, FASTag customers can contact toll plazas or the toll-free buyer care variety of their respective issuer banks, as per the NHAI’s assertion.
