What is One Vehicle, One FASTag initiative of NPCI?

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According to the NPCI, the government organisation which is in charge of operating retail payments in India, if a vehicle owner has two separate FASTags for one vehicle, then, the one he had taken earlier will be trashed automatically and it will not work at toll plazas. Only the latest one issued against the vehicle will remain valid. The vehicle owner will be able to use only the latest FASTag issued for the vehicle. Plus, according to NPCI, if the FASTag owner has not submitted KYC details with the bank with which the FASTag is linked, then also, the FASTag will be quashed. So, tags need to be KYC compliant.

Vehicle owners will have to comply with both these requirements otherwise their FASTags will be quashed after the deadline of February 29, 2024 ends. But, according to media reports, the state-owned payment regulator might again extend this deadline by one month to March 31, 2024.

What is One Vehicle One FASTag?

One Vehicle One FASTag is an initiative taken by the NPCI to encourage vehicle owners to have only one FASTag for one vehicle. The One Vehicle One FASTag initiative means vehicle owner cannot have more than one FASTag for one automobile. Plus, he cannot have multiple FASTags for one vehicle either.

How do you update KYC details?

1. The vehicle owner can approach the branch of the bank which has issued the FASTag to update KYC details.

2. The owner can also go on the website of the bank, log in to FASTag portal and update details thereon.

3.  The owner can also go on website of IHMCL (Indian Highways Management Company Limited): https://ihmcl.co.in/.

Documents required for FASTag KYC update:

Any of the following KYC documents are required:

a. Passport b. Aadhaar Card c. PAN Card d. Voted ID e. Driving Licence