FASTag KYC: "NHAI has taken this initiative after the recent reports of multiple FASTags being issued for a particular vehicle and FASTags being issued without KYC in violation of RBIs mandate," stated a PIB release.
NHAI delists PPBL from approved FASTag providers as per RBI directives. Customers advised to close accounts, get refunds, and acquire new FASTag from approved banks or NHAI s mobile app for seamless toll payments. RBI deadline extended. NHAI provides list of authorised banks.
The Reserve Bank of India (RBI) has clarified that Fastags are not interoperable. Moreover, Fastags issued by Paytm will be ineffective after 15 March, 2024.
Paytm FASTag: Under the new One Vehicle, One FASTag initiative, each FASTag can only be linked to a single vehicle, and vice versa. As a result, users must deactivate their existing FASTag in order to obtain a new one.