FASTag KYC compliance period extended; Check date and other details

The National Highways Authority of India (NHAI) has extended the KYC compliance deadline for FASTag by one month, i.e. February 29, 2024, a senior government official said. Previously, the last date to complete KYC was January 31.

“Out of Rs 127 crore, just over 7 lakh FASTags have been closed. Therefore, we are extending the deadline by one more month,” the official told PTI.

What is FASTag?

This is an electronic system used to collect highway tolls, reducing the tax burden at toll booths while also monitoring moving vehicles. RFID technology is leveraged by attaching tags to car windshields that are linked to bank accounts or prepaid cards.

When a car bearing a FASTag approaches a toll plaza, the system scans the tag and deducts the toll directly from the concerned card or account.

How to update KYC on FASTag?

• Step 1: Visit the official FASTag website related to the bank.
• Step 2: Then log in using your mobile number and enter the OTP received on your phone.
• Step 3: On the home page, find the “My Profile” section and click on the “KYC” tab.
• Step 4: Once the new window opens, enter all the necessary details and click on the Submit button.
• Step 5: KYC will be completed and will appear on your updated status.

Documents required for FASTag KYC

• vehicle registration certificate
• Proof of Identity (Acceptable ID documents include Voter ID, Aadhaar Card, Passport, Driving License, PAN Card)
• proof of address
• Passport size photo

Importance of KYC for FASTag

NHAI recently informed that banks will deactivate or blacklist all FASTags whose Know Your Customer (KYC) updates are not completed after January 31, 2024, even if the balance is sufficient.

This measure is a solution to deter deliberate failure to affix FASTags to vehicles, issuance of multiple FASTags for a single vehicle and distribution of FASTags without KYC verification.