Don’t miss out! Deadline today for FASTag KYC update – January 31, 2024. Follow our simple steps to update your KYC and learn about the required documents. Check details now.
Deadline for FASTag KYC Update! FASTag, an electronic toll collection system, simplifies toll payments at plazas. Don’t miss out the date!
The National Highway Authority of India (NHAI) has issued a crucial update regarding FASTag KYC details. According to NHAI, it is imperative to update these details before the looming deadline of January 31. Interestingly, even in instances where there is a sufficient balance, banks will take strict action by deactivating or blacklisting all FASTags that have incomplete Know Your Customer (KYC) updates after January 31, 2024. This announcement underscores the significance of promptly ensuring KYC compliance to avoid potential disruptions in FASTag functionality.
What is FasTag?
FASTag is an electronic toll collection system designed to streamline toll payments on highways. This innovative system involves affixing a tag to the car’s windscreen, which is linked to either a bank account or a prepaid card. Utilizing RFID technology, the FASTag facilitates seamless toll transactions as the tagged vehicle approaches the toll booth. The scanner scans the tag and automatically deducts the toll amount, offering a more efficient and hassle-free toll-paying experience for motorists.
Updating your KYC for FASTag is a straightforward process. Here’s a step-by-step guide:
1. Visit the official FASTag website.
2. Log in with your mobile number and the OTP sent to your phone.
3. Navigate to the “My Profile” section on the homepage and click on the KYC tab.
4. Input all required details and click the submit button.
5. Your KYC update will be successfully completed.
To complete FASTag KYC, you need the following documents:
1. Vehicle Registration Certificate
2. Identity proof
3. Address proof
4. Passport-size photo
To verify your FASTag status, follow these steps:
1. Visit fastag.ihmcl.com
2. Click on the Login tab located at the top right of the page.
3. Log in using OTP and enter your registered mobile number.
4. Navigate to the My Profile section on the dashboard to view the KYC status of your FASTag.
How fastag is beneficial and from where we can get it?
FASTag offers several benefits, making it a convenient choice for toll payments on highways. Some key advantages include:
- Time Efficiency: FASTag enables seamless passage through toll plazas without the need to stop for manual payments, reducing travel time.
- Cashless Transactions: It promotes digital payments, eliminating the need for cash transactions at toll booths.
- Online Recharge: FASTag accounts can be easily recharged online, providing flexibility and convenience.
- Reduced Congestion: With faster toll processing, it contributes to reduced congestion at toll plazas, leading to smoother traffic flow.
- Incentives and Discounts: Some highway authorities offer incentives and discounts for vehicles using FASTag, making it a cost-effective option.
To obtain a FASTag, you can:
- Banks: Many banks and financial institutions issue FASTags. You can approach your bank to get one linked to your existing account.
- Online Platforms: Various online platforms and the official website of the National Electronic Toll Collection (NETC) offer the option to purchase and recharge FASTags.
- Point of Sale (POS) Locations: FASTags are available at toll plazas, petrol pumps, and other designated POS locations.
- Automobile Dealerships: Some vehicle dealerships also provide FASTags at the time of vehicle purchase.
Ensure you provide the necessary KYC documents when obtaining a FASTag to complete the registration process.
Today marks the final opportunity to update your KYC for FASTag. Failure to do so may result in the deactivation or blacklisting of your FASTag, according to reliable sources. It is crucial to complete the KYC process before the end of the day to avoid any disruption to your FASTag functionality.
Source: Google, The Quint, Hindustan Times
News Desk: News Lounge 24×7