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FASTag new rules effective August 1: KYC updates, vehicle detail linking. All you need to know

By : Vidya

  |  31 July 2024 4:10 PM IST

FASTag new rules effective August 1: KYC updates, vehicle detail linking. All you need to know

FASTag New Rules: The updated FASTag rules will take effect on August 1, focusing on improving toll payment processes and easing congestion at toll booths.Under the new FASTag rules, Know Your Customer (KYC) must be completed by October 31. Companies providing FASTag services are required to complete KYC for all FASTags issued between three and five years ago by this deadline.The National Payments Corporation of India (NPCI) has issued new guidelines, with a key update being the mandatory FASTag KYC requirements. The KYC process starts on August 1, and FASTag customers should ensure their KYC is updated within this period to comply with NPCI guidelines.

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