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Changes in rules from August 1: New rules are going to be implemented on Fastag related services from August 1. Now the vehicle registration number will have to be uploaded on the Fastag number within 90 days of purchasing the vehicle. If the number is not updated within the stipulated time, it will be put on the hotlist.
After this, an additional 30 days will be given but if the vehicle number is not updated even in this, the FASTag will be blacklisted. However, the relief is that FASTag service provider companies will have to do KYC of all five and three year old FASTags by 31 October.
Time till 31 October
The National Payments Corporation of India (NPCI) had issued detailed guidelines on FASTag in June, in which August 1 was fixed as the date for starting the KYC process for FASTag service provider companies. Now the companies will have time from August 1 to October 31 to fulfill all the conditions. According to the new conditions, NPCI has also fixed the fees related to issuing new FASTags and re-issuing FASTags, security deposit and minimum recharge.
In this regard, a separate guideline has also been issued by the FASTag service provider companies. In such a situation, the problems of all those people who are buying a new vehicle or whose FASTag is old are going to increase. Along with this, people using FASTag will also have to be careful because from August 1, FASTag blacklisting rules will also be affected. However, before this, companies will have to fulfill all the conditions that NPCI has set for them.
Rules will come into effect from August 1
– Companies will have to replace five-year old Fastag on priority basis.
– KYC of three year old Fastag will have to be done again
– Vehicle registration number, chassis number should be linked with Fastag
– On purchasing a new vehicle, its number will have to be updated within 90 days.
– Vehicle database should be verified by FASTag service provider companies.
– While doing KYC, you will have to upload clear pictures of the front and side of the vehicle.
– It will be mandatory to link Fastag with mobile number
– Services like app, WhatsApp and portal will have to be made available for KYC verification process.
– Companies will have to fulfill KYC rules by 31 October 2024
Banks can charge this fee on FASTag service
Details- Rs 25 per
Fastag closure – Rs 100
Tag Management – Rs 25/quarter
Negative Balance – Rs 25/quarter
FASTag transactions will be closed for three months
On the other hand, some FASTAG companies have also added a rule that FASTAG should remain active. For this, the transaction should be within three months. If the transaction is not done, it will become inactive, which will require visiting the portal to activate it. This rule is going to create problems for those who use their vehicles for limited distance, in which no toll is deducted.