Since their introduction, FASTags have revolutionised toll collection in India. However, there have also been certain malpractices afoot. With the aim of curbing these malpractices, the National Highway Authority of India or the NHAI has introduced the “One Vehicle, One FASTag” initiative. As part of the initiative, people have to complete the KYC of their FASTags or face deactivation. Here are all of the important details that you would need to know about this new government initiative.
FASTags With Incomplete KYC May Be Deactivated Soon
According to an article which was recently published by News18, this initiative is taken with the aim of reducing malpractices when it comes to using FASTags. Hence, the NHAI is advising FASTag users to complete the Know Your Customer or KYC process as soon as possible.
This is to be done in tandem with the guidelines put forth by the Reserve Bank of India or RBI. The NHAI has also announced that if the users fail to complete the process before January 31, 2024, then their FASTags will be deactivated.
It is important to note that the accounts will be deactivated even if they have balances. Furthermore, FASTags with incomplete KYC after January 31 will also be blacklisted by the banks. This was stated in a press release by the Ministry of Road Transport and Highways.
Also Read: Mumbai Airport’s T2 Terminal Gets FASTag Parking, Here’s All You Need To Know About It!
Other Important Details That You Would Need To Know
Though FASTag has revolutionised toll collection, many people have misused it. Many have multiple FASTags connected to just one vehicle or have one FASTag connected to multiple vehicles at the same time.
This hinders in having a smooth and streamlined toll collection system and hence, the ‘One Vehicle, One FASTag’ initiative was launched to ensure that each vehicle has just one FASTag connected to it.
Also Read: Beware, FASTag Owners! This UP Man Got Charged Despite Car Being Parked At Home
Is the KYC for your FASTag completed? Let us know in the comments section below!
Cover Image Credits: Wikimedia Commons
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