The National Highway Authority of India (NHAI) has set February 29 as the deadline for updating FASTag KYC. Failure to comply will result in banks deactivating or blacklisting accounts without comprehensive KYC details. This action follows reports of multiple FASTags issued for single vehicles and the issuance of FASTags without proper KYC, which violates RBI requirements.
To enhance the efficiency of the Electronic Toll Collection system and discourage the use of single FASTag for multiple vehicles, NHAI has launched the ‘One Vehicle, One FASTag’ initiative. - Newsx