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The National Highway Authority of India (NHAI) has set February 29 as the deadline for updating FASTag KYC. Failure to comply will result in banks deactivating or blacklisting accounts without comprehensive KYC details. This action follows reports of multiple FASTags issued for single vehicles and the issuance of FASTags without proper KYC, which violates RBI requirements.
To enhance the efficiency of the Electronic Toll Collection system and discourage the use of single FASTag for multiple vehicles, NHAI has launched the ‘One Vehicle, One FASTag’ initiative. - Newsx
FASTag KYC updation deadline: The NHAI has taken this action in response to recent reports of the issuance of numerous FASTags for a single vehicle and the issuance of FASTags without KYC, which is against RBI requirement. Here is how to update FASTag KYC.
The government has extended the deadline for updating the KYC of FASTag to February 29, 2024. Here's how you can update your FASTag's KYC and check its status.
After completing the KYC procedure, residents will be immediately connected to the One Vehicle, One FASTag initiative.