New FASTag rules effective from today
By MYBRANDBOOK
From today, new guidelines for FASTag users are imposed by the National Payments Corporation of India (NPCI). The rules are focused on improving toll payment processes and easing congestion at toll booths.
NPCI has come up with new guidelines with an important update being the mandatory FASTag KYC requirements. The FASTag users must ensure that their KYC is updated within this period to comply with NPCI guidelines.
New FASTag rules effective August 1
Replacement of 5-Year-Old FASTags: FASTags older than 5 years must be replaced.
KYC Update for 3-Year-Old FASTags: KYC must be updated for FASTags issued 3 years ago.
Linking Vehicle Details: Vehicle registration number and chassis number must be linked with the FASTag.
New Vehicle Registration Update: Update the registration number within 90 days of purchasing a new vehicle.
Database Verification: FASTag providers must verify their databases.
Photo Upload Requirement: Upload clear photos of the car’s front and side.
Mobile Number Linking: FASTag must be linked to a mobile number.
Also, companies must follow the NPCI rules which involve updating KYC for FASTags that are three to five years old and replacing those older than five years.
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