Essential FASTag Updates You Need to Know for 2024

Starting from 1st August 2024, several important updates regarding FASTag usage and compliance have been introduced by the National Payments Corporation of India (NPCI). These updates aim to streamline the toll payment process and ensure a more secure and efficient system for vehicle owners. Here’s what you need to know about the new FASTag rules effective from August 1, 2024.

i) KYC Updates

One of the significant changes is the requirement for Know Your Customer (KYC) updates. Vehicle owners with FASTags issued three to five years ago mist update their respective KYC details by October 31, 2024.

This update is mandatory to continue using the FASTag service without any interruptions. If your FASTag is older than five years, you will need to replace it with a new one to comply with the regulations.

ii) Linking Vehicle Information

From April 1, 2024, the "One FASTag, One Vehicle" policy became mandatory. This policy requires each FASTag to be uniquely associated with a specific vehicle. All FASTag users must link their tags to the vehicle’s registration number (VRN), chassis number, and owner’s mobile number. New vehicle owners must update their registration number on the FASTag within 90 days of purchase. This measure helps prevent misuse and makes certain that each transaction is correctly attributed.

iii) Verification of Database

FASTag service providers are now required to verify and update their databases regularly. This includes a confirmation that the linked vehicle details match the ones in the VAHAN database so that everything is accurate and up-to-date.

iv) Linking Mobile Number

Each FASTag has to be linked with the mobile number of the owner. This linkage ensures better communication between the users and providers of FASTag. Furthermore, users will also benefit from receiving timely updates, notifications, and alerts.

Make sure your mobile number is correctly linked to avoid missing out on any crucial information.

v) Photo Upload

Lastly, to make sure that the vehicle associated with FASTag is correctly identified, providers must upload clear photographs of the vehicle. The images include the front and side of the vehicle as well as a clear view of the FASTag that’s affixed to the vehicle.

This requirement enhances security and ensures that the FASTag is being used correctly and legally.

Overall, by adhering to all the above guidelines, vehicle owners can ensure a smooth and hassle-free toll payment experience. Thus, it’s wise to stay updated and make the necessary changes before the final deadline of October 31, 2024 or you’ll have to face the penalty of double the toll charges.

: Hitch Zone is a cutting-edge financial technology company revolutionizing the way individuals and businesses manage their finances.