FASTags with incomplete KYC to be deactivated publish January 31
State-owned NHAI on Monday stated FASTags with legitimate balances however with incomplete KYC will get deactivated by banks post-January 31, 2024. File Photograph
| Photograph Credit score: N. Bashkaran
State-owned NHAI on Monday stated FASTags with legitimate balances however with incomplete KYC will get deactivated by banks post-January 31, 2024.
To boost 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 using single FASTag for a number of autos or linking a number of FASTags to a specific automobile, an official assertion stated.
The Nationwide Highways Authority of India (NHAI) can 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 stated customers should make 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 by way of their respective banks.
“Solely the most recent FASTag account shall stay energetic as earlier tags shall be deactivated/blacklisted after thirty first January 2024,” the assertion stated.
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 stated NHAI has taken this initiative after current studies of a number of FASTags being issued for a specific automobile and FASTags being issued with out KYC in violation of RBI’s mandate.
Other than this, FASTags are generally intentionally not fastened on the windscreen of the automobile, leading to pointless delays at toll plazas and inflicting inconvenience to fellow nationwide freeway customers.
With a penetration fee 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 comfy 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.
