Achi news desk-
New Delhi9 hours ago
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If you haven’t updated your car’s Fastag KYC from the bank, do it today. Because after March 31, banks will deactivate or blacklist Fastag without KYC. After this, no payment will be made even though there is a Fastag balance.
NHAI has asked Fastag customers to complete KYC process for Fastag as per Reserve Bank of India (RBI) rules, so that Fastag facility can be provided without any hassle.
Only one mast will work in one vehicle
Customers will now be able to use only one Fastag in one vehicle. According to NHAI, Fastag users will have to follow the ‘one vehicle, one Fastag’ policy and return all previously issued Fastags to their respective banks. Now only new Fastag accounts will remain active.
NHAI has launched ‘One Vehicle, One Fastag’ campaign to bring transparency and reduce waiting time at toll booths for toll collection through Fastag. NHAI is said to have taken this step in response to recent reports of multiple Fastags being issued for a single vehicle and Fastags being issued without KYC in violation of RBI rules.
What is Fastag?
Fastag is a type of tag or sticker. It is mounted on the front window of the vehicle. Fastag works on Radio Frequency Identification or RFID technology. Through this technology, the cameras installed in the toll plaza scan the barcode of the sticker and the toll fee is automatically deducted from the Fastag wallet.
By using Fastag, the driver does not have to stop to pay toll tax. It is used to reduce the time taken at the toll plazas and make travel easier.
These figures are up to May 2023.
You can buy Fastag from banks and online platforms
You can buy Fastag from any toll plaza in the country. Apart from this, you can also buy it from branches of Axis Bank, ICICI Bank, HDFC Bank, SBI, Kotak Bank. You can also buy it from online platforms like Paytm, Amazon, Google Pay. You can also make a payment by linking your Fastag account to this app.
If you want, you can link your bank account to this app. With this, whenever you go through any toll plaza, toll tax will be deducted from your account. When buying a Fastag, you must have proof of identity and a vehicle registration document.
The Fastag sticker is valid for 5 years, after this the validity will have to be increased.
A Fastag sticker once purchased is valid for 5 years. That means after 5 years you have to change the sticker or extend its validity.
