Attention Drivers: Big Changes Ahead – Old FASTag Set to Blacklist from January 31, 2024. Prepare for a Smooth Transition as New FASTag Roll Out. Understand the Reasons Driving this Shift and Navigate the Implications for Users.
If you’re a car owner, brace yourself for a crucial update – your FASTag could be blacklisted from January 31, 2024. It’s important to note that from this date, FASTags without complete or partial KYC updates will be blacklisted. In this matter, the Reserve Bank of India (RBI) has directed banks accordingly.
ACT NOW – FASTag Update is a Must!
Avoid travel troubles by getting your KYC update done immediately. FASTag users are strongly advised to complete the KYC process for their latest FASTags promptly. Users must ditch their previously issued FASTags from banks and embrace the latest ones before the January 31 deadline. Post the deadline, only the latest FASTag accounts will remain active, while all previous FASTags will be blacklisted.
Why FASTags are Hitting the Blacklist
A recent NHAI report has exposed the issuance of multiple FASTags for a single vehicle. Additionally, essential KYC procedures were neglected, and FASTags were distributed without completion, violating RBI regulations. This blatant disregard for the rules is the driving force behind blacklisting old FASTags. Numerous complaints have also surfaced regarding deliberate non-application of FASTags on vehicle windshields, causing unnecessary delays at toll plazas and posing challenges for users on highways and expressways
98% Toll Collection via FASTags – Wake Up to Reality!
Let it be known that almost 98% of tolls across the country are levied through FASTags. Meanwhile, there are over 8 crore FASTag users nationwide. FASTag has revolutionized toll collection nationwide with its electronic toll collection system.
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