FASTag Update: Drivers who utilize FASTag to pay tolls have some vital news to share. Your FASTag may cease to exist after January 31st. Information on this has been provided by the Indian National Highway Authority.
FASTag Update: Drivers who utilize FASTag to pay tolls have some vital news to share. Your FASTag KYC will be closed after January 31st if it is not completed. Information on this has been provided by the Indian National Highway Authority. The One Vehicle One FASTag campaign aims to improve the FASTag user experience, which is why this decision was made. Therefore, completing FASTag's KYC by January 31 will be required. If this isn't done, the FASTag holder will either be closed or placed on a blacklist.
Additionally, the National Highway Authority of India has declared that drivers whose vehicles with several Fasttags on them will have their accounts blocked. In addition to FASTag being closed, drivers' pocketbook will also be squeezed if KYC is not finished. Drivers will have to pay double tax. As a result, NHAI has mandated that all FASTag holders finish their KYC. The One Vehicle, One FASTag program must be implemented by January 31st, according to the National Highway Authority of India.
Numerous drivers make advantage of several FASTags. However, the Indian National Highway Authority has declared that this is no longer permitted. Every car will now have a single Fastag. FASTag will be closed in accordance with RBI requirements if KYC is not updated. FASTag is being used by over 8 crore individuals in the nation.
What is FASTag?
The 'Fast Tag' system was implemented to facilitate smooth traffic flow on highways and prevent traffic bottlenecks at toll booths. After December 1, 2019, all national highways in the nation will require users to pay their toll via FASTag. The FASTag system was created as a substitute for cashless purchases at toll booths, hence eliminating lines. This FASTag is applied to the car's windshield like a sticker. FASTag is a radio frequency identification technology-based digital sticker. The toll amount is immediately taken out of the driver's bank account or prepaid account after the FASTag is removed.
The primary benefit of FASTag is its ability to lessen traffic at toll booths. Additionally, the government maintains a computerized record of every vehicle thanks to FASTag. This facilitates tracking a car.