New FASTag regulations to come into effect on August 1: Here's all you need to know
NPCI) will enforce updated FASTag regulations designed to enhance toll payment processes and reduce traffic congestion at toll plazas. These new guidelines will impact FASTag users significantly.
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KYC Updates and FASTag Replacements
As part of the new rules, FASTag service providers are required to complete Know Your Customer (KYC) updates for all FASTags issued between three to five years ago by October 31, 2024. According to the NPCI's latest guidelines, «Starting August 1, the race against time begins for companies offering FASTag services.» It is essential for FASTag holders to ensure their KYC details are up-to-date to avoid service disruptions.
Furthermore, the NPCI mandates that any FASTag older than five years must be replaced. This measure aims to ensure the reliability and accuracy of toll payments. Vehicle owners should verify the issuance dates of their FASTags and act promptly to meet this requirement.
Additional Measures for FASTag Providers
FASTag providers must also implement several new measures under the updated regulations. They are required to:
- Verify and update their databases with accurate vehicle information.
- Upload clear photos of the vehicle's front and side to facilitate easier identification.
- Ensure each FASTag is connected to a mobile number to improve communication.
Linking FASTags to Vehicle Details
Effective August
