Last Updated on January 17, 2024 by Showroomex Studio
The National Highways Authority of India (NHAI) has recently introduced a significant update for FASTag users, emphasizing the importance of completing the ‘Know Your Customer’ (KYC) process before January 31, 2024. The initiative, named ‘One Vehicle, One FASTag,’ is a move towards enhancing efficiency and ensuring compliance with guidelines set by the Reserve Bank of India (RBI).
According to the Ministry of Road Transport & Highways, FASTag users are now required to use a single FASTag for each vehicle or associate multiple FASTags with a specific vehicle. This measure aims to streamline the usage of FASTags and avoid discrepancies.
FASTag users with valid balances are urged to prioritize the KYC process to prevent deactivation or redlisting by banks. After January 31, 2024, FASTags with incomplete KYC details will no longer be operational. The ministry assured users that the latest FASTag accounts will remain active, while previous tags associated with incomplete KYC will be deactivated.
One Vehicle, One FASTag
The ‘One Vehicle, One FASTag’ directive is declared mandatory, emphasizing the need for FASTag users to align with the updated guidelines promptly.
Looking ahead, NHAI is gearing up to implement a GPS-based toll collection system on various national routes. Currently in the development phase, this GPS tolling system is expected to further enhance the efficiency of toll collection across the nation.
In summary, FASTag users are reminded to complete their KYC processes before January 31, 2024, to avoid any service disruption. The ‘One Vehicle, One FASTag’ initiative aligns with the evolving requirements, ensuring a smoother and more streamlined experience for all users. As NHAI progresses with the development of a GPS-based tolling system, it reflects a commitment to embracing advanced technologies for more efficient and effective toll collection nationwide. Source
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