To assist this, NHAI has urged FASTag customers to finish the ‘Know Your Buyer’ (KYC) course of for his or her newest FASTag, following Reserve Financial institution of India (RBI) tips. It’s necessary to notice that FASTags with ample steadiness however incomplete KYC shall be deactivated or blacklisted by banks after January 31.
To keep away from going through points, customers should guarantee KYC completion for his or her most up-to-date FASTag and cling to the ‘One Automobile, One FASTag’ guideline. They need to get rid of any outdated FASTags by way of their banks and solely the newest FASTag accounts will stay energetic. For help, customers can contact toll plazas or use the toll-free buyer care quantity supplied by their issuer banks.The KYC course of is a vital step in onboarding for varied companies, together with FASTag functions. This course of helps entities establish and confirm their prospects, making certain safe transactions. If there are adjustments in your KYC particulars, updating them promptly is important.
Paperwork required for updating KYC in your FASTag
As per Reserve Financial institution of India (RBI) tips, you could present any of the next OVDs:
- Legitimate passport
- Driving license
- Voter’s ID
- Everlasting Account Quantity (PAN)
- Aadhaar
- Work card from NREGA, signed by a State Authorities official
Moreover, you need to embrace your automobile’s registration certificates (RC) copy together with the KYC paperwork.
This is a easy step-by-step information that will help you replace your FASTag’s KYC particulars by way of the financial institution:
Steps: Contact your FASTag issuing financial institution
- Go to the closest financial institution department that issued your FASTag.
- Request a KYC replace type.
- Fill out the shape with the up to date particulars.
- Submit the shape to the financial institution.
You can even contact your Relationship Supervisor to inquire concerning the technique of updating KYC in your FASTag.
Upgrading from non-KYC to full-KYC buyer
- Go to the IHMCL FASTag portal (https://fastag.ihmcl.com/?LGCode=MKTG&icid=learning-centre).
- Log in together with your registered cell quantity and password or OTP.
- Choose ‘My Profile’ from the dashboard menu.
- Click on on ‘KYC’ and choose ‘Buyer Sort’.
- Full required fields and supply identification and deal with proof paperwork.
- Your KYC shall be processed inside 7 working days from the submission date.
Issues to bear in mind
- On-line KYC replace applies to Nationwide Highways Authority of India (NHAI) FASTags.
- NHAI FASTags might be bought at toll plazas, petrol pumps, or on-line.
- After buying the FASTag, you may start the process of linking your checking account to the related pay as you go pockets.
- Toll quantities rely in your automobile class and the toll plaza used.
- You need to adjust to KYC as per laws.
FASTag KYC updation: FAQs answered
How can I replace my KYC for FASTag on-line?
To replace your FASTag KYC on-line, go to the IHMCL FASTag portal, log in together with your cell quantity, and go to ‘My Profile.’ Verify your KYC standing, click on ‘KYC,’ select ‘Buyer Sort,’ and fill in obligatory fields together with your ID and deal with proof paperwork.
Which KYC paperwork are required for FASTag?
To adjust to FASTag KYC necessities, you should utilize any of the next paperwork as per RBI tips:
1. Passport
2. Driving license
3. Voter’s ID
4. PAN card
5. Aadhaar
6. NREGA job card (signed by a State Authorities official)
Additionally, embrace a replica of your automobile’s registration certificates (RC) together with these KYC paperwork.
