BusinessFASTag KYC Replace FAQs Answered: Tips on how to Verify If KYC...

FASTag KYC Replace FAQs Answered: Tips on how to Verify If KYC is Incomplete, Updation Course of & Extra | India Enterprise Information

FASTag KYC replace: The Nationwide Highways Authority of India (NHAI) is taking steps to reinforce the effectivity of the Digital Toll Assortment (ETC) system and alleviate congestion at toll plazas with the introduction of the ‘One Car, One FASTag’ initiative.
In step with Reserve Financial institution of India (RBI) pointers, NHAI has urged all FASTag customers to finish the ‘Know Your Buyer’ (KYC) course of for his or her newest FASTag.You will need to word that FASTags with adequate stability however incomplete KYC will face deactivation or blacklisting by banks after January 31.

FASTag KYC updation: FAQs answered

How do I do know if my FASTag KYC is incomplete?
To verify the standing of your FASTag KYC, monitor notifications by way of electronic mail, SMS, or your financial institution’s app. These notifications will warn you to incomplete KYC, and you’ll conveniently replace it on-line. If you have not been notified or reminded by your financial institution, it means your KYC is full, and also you needn’t take any additional motion.
How can I verify if my FASTag KYC is incomplete?
If you’re unsure about your FASTag’s KYC standing, confirm it promptly to stop any potential bans or blacklisting. This precaution ensures that solely the newest FASTag related to the identical particular person and automobile stays energetic.

FASTag issued by NHAI
For FASTags issued by NHAI, you may replace the KYC by visiting the web site logging in together with your particulars, and updating the KYC on-line.
FASTag issued by completely different banks
For FASTags issued by completely different banks, it is best to go to choose your FASTag issuer financial institution, and log in to replace the KYC on-line.
To replace your FASTag KYC on-line, you may as well comply with these steps:

  1. Go to the devoted FASTag web site: fastag.ihmcl.com.
  2. Navigate to the “My Profile” part.
  3. Entry the sub-section labeled “KYC” and replace the required particulars.
  4. Present the required id and deal with proof paperwork by filling within the respective fields.
  5. Add a passport-sized picture.
  6. Assessment and make sure the declaration.
  7. Click on the submit button.
  8. The KYC verification course of can be initiated upon submitting the required paperwork.
  9. Your KYC improve request can be processed inside a most of seven working days from the submission date.

Does ‘One Car One FASTag’ imply {that a} automobile proprietor can solely recharge their FASTag with a selected financial institution?
The ‘One Car One FASTag’ rule means you may solely have one energetic FASTag per automobile. All different FASTags linked to the identical automobile, besides the newest one, can be deactivated. Customers ought to comply with this rule, however they’ll recharge their FASTag utilizing any financial institution and completely different cost strategies like BBPS, UPI, internet banking, and many others.

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