New FASTag Regulations Starting August 1: Key Updates and Deadlines

Synopsis:

• Update KYC for FASTags older than three years by October 31.
• Replace FASTags older than five years.
• Link FASTag to vehicle registration and chassis number.
• New car owners must update FASTag within 90 days of purchase.
• Ensure clear vehicle photos and mobile number linked to FASTag.

On August 1, new rules for FASTag users came into effect, designed to improve toll payment efficiency and reduce traffic congestion at toll plazas. The National Payments Corporation of India (NPCI) has issued new guidelines, with a strong focus on updating Know Your Customer (KYC) information.

Key points include:

1. KYC Update Deadline: FASTag service providers must update the KYC for all FASTags issued between three to five years ago by October 31, 2024. Customers should ensure their details are up to date to prevent any service disruptions.
2. Replacement of Old FASTags: FASTags that are more than five years old need to be replaced. Vehicle owners should check the issue date of their tags and get new ones if necessary.
3. Mandatory Vehicle Details: Starting August 1, all FASTags must be linked to the vehicle’s registration number and chassis number. New vehicle owners must update their registration number within 90 days of purchase.
4. Provider Requirements: FASTag providers are required to keep their databases accurate and up to date. They must upload clear photos of the vehicle’s front and side and link each FASTag to a mobile number for smooth communication.

The NPCI has set a final deadline of October 31, 2024, to complete all KYC updates. It’s important not to delay these updates to avoid any last-minute issues. These changes aim to make the FASTag system more efficient and user-friendly.