KYC updates are mandatory for FASTags issued three years ago, to be completed by October 31. For new vehicles, the registration number must be updated within 90 days of purchase.
Starting August 1, 2024, the new updated FASTag rules will be implemented aimed at enhancing toll payments smoother and reducing the wait times at toll plazas. The new rules, issued by the National Payments Corporation of India (NPCI), emphasises on mandatory KYC updates and linking vehicle details with FASTag accounts.
What are the Key Highlights of New FASTag Rules?
1. Replacement of Old FASTags
2. FASTags older than 5 years must be replaced by October 31.
3. KYC updates are mandatory for FASTags issued three years ago, to be completed by October 31.
4. Mandatory KYC Updates
5. The new guidelines require all FASTag users to complete their KYC process.
6. The KYC process starts on August 1, and all users must update their KYC by October 31.
7. Companies providing FASTag services must ensure KYC is updated for all FASTags issued between three and five years ago.
8. Linking Vehicle Details
9. Vehicle owners must link their registration number and chassis number with their FASTag.
10. For new vehicles, the registration number must be updated within 90 days of purchase.
Additional Requirements
Furthermore, database verification is needed, that is, FASTag providers are required to verify their databases to ensure accuracy. Moreover, as per the new update, users have to upload clear photos of the car’s front and side to their FASTag account.
Mobile number linking is another requirement of this new update, that is each FASTag must be linked to the owner’s mobile number.