The National Payments Corporation of India (NPCI) has unveiled new regulations for the electronic toll collection system, FASTag, which will be implemented from August 1, 2024. These changes aim to enhance the system’s efficiency and security, impacting millions of users nationwide.
Key Dates and Requirements:
- October 31, 2024: FASTags issued three to five years ago must undergo updated Know Your Customer (KYC) procedures. FASTags older than five years need to be replaced.
- August 1, 2024: All FASTags must be connected to the vehicle’s registration and chassis numbers. New vehicle owners have 90 days to update their registration number post-purchase.
New Requirements for FASTag Providers: FASTag providers are mandated to:
Impact on FASTag Users: The new rules will particularly affect users with older vehicles or FASTags. Non-compliance could lead to issues at toll plazas and potential service suspensions. Vehicle owners are urged to act promptly to avoid any disruptions.
Steps for Vehicle Owners:
- Check the issuance date of your FASTag.
- Complete the KYC update for tags between 3-5 years old by October 31.
- Replace tags older than 5 years.
- Ensure your FASTag is linked to your vehicle’s registration and chassis numbers.
- New vehicle owners should update their registration details within 90 days.
As the deadlines approach, FASTag service providers will likely contact customers for necessary updates. Vehicle owners are encouraged to comply with these new requirements to Make sure the registration and chassis numbers of your car are associated with your FASTag.
Owners of newly purchased vehicles have ninety days to amend their registration information. FASTag service providers will probably get in touch with clients as the deadlines draw near to request any modifications. To maintain continuous service at toll plazas, vehicle owners are urged to adhere to these new regulations.
