Big news for FASTag users with the latest update! Complete this task by January 31st, or face hefty fines

Big news for FASTag users with the latest update! Complete this task by January 31st, or face hefty fines

Big news for FASTag users with the latest update! Complete this task by January 31st, or face hefty fines

FASTag New Update: As of January 31, 2024, your FASTag could be blocked. FASTags without KYC or with inadequate KYC updates will be blocked as of January 31, 2024. The Reserve Bank of India has issued directions to banks about this problem (RBI). The most recent NHAI study includes a significant discovery. this is when this task is being started.

Driving on public roads requires plying toll taxes (FASTag KYC). This, in the past, required toll payment and a lengthy wait in line. However, with the advancement of technology, toll taxes may now be quickly paid with FASTag. If you are utilizing FASTag in this scenario, proceed with caution right now. For Fastag customers, completing KYC has become crucial. Your account will be placed on the blacklist if you fail to complete KYC. The deadline for this has been set for January 31, 2024.

Paying toll taxes may be quite difficult if KYC is not completed on time. The Reserve Bank of India (RBI) has issued directions to the banks in this regard. The FASTag that the banks have already granted to users will need to be relinquished for KYC. Only the most recent FASTag account will continue to be operational beyond the deadline of January 31. All prior Fastags, however, will be removed from circulation.

What is causing FASTags to be blocked?

Actually, according to a recent NHAI investigation, the same car has received many Fastags. Furthermore, Fastags have been provided without the required KYC procedure being completed. It is against RBI regulations to do this. The previous FASTag is being blocked in this case. There have also been a lot of complaints about Fastag not being purposefully applied to the car's windshield. As a result, there is needless waiting at the toll booth. Users on roads and expressways have issues as a result. In a recent update, the National Highway Authority of India highlighted the One Vehicle One Fastag initiative. The National Highway driving experience will improve even more with this government program.

Fastag is present on 98% of toll booths.

All new Fastag accounts will be closed, according to NHAI. After January 31, 2024, the previous Fastags will be deleted. Let us inform you that about 98% of tolls nationwide have toll tax collected via Fastag. On the other hand, there are more than 8 crore Fastag users nationwide. Across the nation, FASTag has revolutionized the electronic toll collecting system.