FASTag New Update: The National Highways Authority of India (NHAI) has announced that on January 31, 2024, banks will close those FASTags whose KYC has not been completed. If you have not yet updated the KYC of your FASTag, then today (January 31) is the last day. Follow the steps given below to complete the process.
If FASTag is installed in your vehicle and there is money in it, then it is important that you check its KYC (Know Your Customer) status. Because the National Highways Authority of India (NHAI) has announced that on January 31, 2024, banks will close those FASTags whose KYC is not completed. NHAI is emphasizing that all FASTag users should complete their KYC as per the rules of RBI (Reserve Bank of India). National Highways Authority of India (NHAI) has launched “One Vehicle, One FASTag” initiative, which aims to optimize and improve toll collection efficiency.
FASTag is a small electronic tag that is placed on the windshield of the vehicle. This allows toll payment without stopping at the toll plaza.
How to update
If you have not yet updated the KYC of your FASTag, then today (January 31) is the last day. Follow the steps given below to complete the process:
- Open the official FASTag website: https://fastag.ihmcl.com
- Login with your registered mobile number and password. If you have forgotten the password, you can login with OTP.
- Go to the Dashboard menu and select “My Profile” from the left side.
- Now the profile page will open which will show your KYC status and the information given during registration.
- If KYC has not been done then see the “KYC” section next to “Profile”.
- Go to “KYC” section and select your customer type (Individual/Corporate).
- Fill the required information, like identity and address proof (Aadhaar, PAN, License etc.) and upload passport size photo.
- Check the declaration box before submitting.
- Complete the process by giving necessary information for KYC verification.
Which documents are required?
– Vehicle Registration Certificate (RC)
– Aadhar card
– PAN card
– Passport size photo
What is FASTag?
Fastag is an electronic toll collection system that simplifies the process of toll payment at highway toll plazas. This is a small tag which is placed on the windscreen of your car. Fastag is linked to your bank account or prepaid card. When your FASTag equipped vehicle approaches the toll booth, a sensor reads your FASTag. The toll amount is automatically deducted from your bank account or prepaid card. You do not need to stop at the toll plaza, you can proceed straight ahead.
