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FASTag new rules from today: KYC updates, vehicle detail linking

Updated on: Aug 01, 2024 09:00 AM IST

The deadline for complying with all the new FASTag KYC and vehicle detail linking rules is October 31, 2024

FASTag users will have new rules surrounding Know Your Customer (KYC) requirements starting from August 1, with the National Payments Corporation of India (NPCI) introducing updated guidelines.

A man points to the FASTag on his vehicle's windshield, at the toll office at Kherki-Daula toll plaza, in Gurugram, on November 27, 2019 (Yogendra Kumar/HT PHOTO)

Also Read: Tax woes: Infosys slapped with 32,403 crore GST demand notice

All companies providing FASTag services have October 31 as the deadline to complete the KYC process for all FASTags which were issued between 3-5 years back.

This also means that its important to update your KYC information to prevent service interruptions.

Also Read: Sikkim's unique tax exemption: Why residents don't have to pay Income Tax

Apart from this, FASTags older than five years must be replaced. So those using older vehicles with an older FASTag must keep this in mind.

All FASTags must also be linked with the vehicle's registration and chassis number.

Owners of new vehicles have to update their registration numbers within 90 days of purchasing the vehicle.

 
Stay updated with the latest Business News on Petrol Price, Gold Rate, Income Tax Calculator along with Silver Rates, Diesel Prices on Hindustan Times.
Stay updated with the latest Business News on Petrol Price, Gold Rate, Income Tax Calculator along with Silver Rates, Diesel Prices on Hindustan Times.
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