FASTag New Rules Effective from August 1
Key Changes and Guidelines
Starting August 1, 2024, new regulations for FASTag usage will take effect. FASTags are electronic toll collection devices that aim to streamline toll payments and reduce traffic congestion on highways. As per the latest guidelines, all FASTags must be linked to the vehicle's registration number and chassis number.
KYC Verification for FASTags
The Know Your Customer (KYC) verification process is mandatory for all FASTags. This process involves providing personal and vehicle details to the FASTag issuer. The KYC process must be completed by October 31, 2024, for FASTags that are 3-5 years old.
New FASTags issued after August 1, 2024, will require KYC verification at the time of issuance.
Conclusion
The new FASTag regulations aim to improve the efficiency and compliance of the FASTag system. Users are advised to comply with the guidelines and complete their KYC verification before the deadline to avoid any inconvenience or penalties. By implementing these measures, the government aims to further enhance the benefits of FASTags and promote seamless toll transactions on highways.
Komentar