The "One Vehicle, One FASTag" initiative is all set to be launched by the National Highways Authority of India (NHAI). The initiative will be making the Electronic Toll Collection system work efficiently. The initiative will also be easing the traffic at toll plazas. The initiative aims to discourage the use of one FASTag for a variety of vehicles. The NHAI encourages FASTag users to finish their KYC process according to the guidelines of the Reserve Bank of India. Only the latest FASTag account shall remain active as previous tags will be deactivated/blacklisted after 29th February 2024.
First things first, what are the documents required for the FASTag KYC Update?
According to the guidelines of the RBI, the FASTag KYC requires you to make use of any of the following documents.
- Passport
- Voter's ID
- Aadhar Card
- Driving license
- PAN card
- NREGA job card (signed by an official of the State Government)
- One needs a copy of the registration certificate of the vehicle apart from the KYC documents.
How to Update FASTag KYC details online?
In order to update the FASTag KYC online, the user needs to follow the following directions:
- Visit the IHMCL FASTag portal.
- Then, simply log in with the mobile number.
- Click to "My Profile".
- Check the KYC status. Now, click on the "KYC" tab and select "Customer Type".
- Now, add the mandatory fields with the ID along with the address proof documents.
How to Update FASTag KYC details offline?
To update your FASTag KYC details, one needs to request the FASTag issuing bank for the same. This can be done by visiting the nearest FASTag issuing bank branch. At the bank branch, one needs to fill out the application form with updated details. This new data will then be updated by the bank to the FASTag account.
The relationship manager can also help with updating the KYC in FASTag.
FASTag users need to make sure that their KYC is completed for their most recent FASTag. The users must abide by the One Vehicle, One FASTag directions. Note that only the latest FASTag accounts are going to remain active.
IMPORTANT NOTE: FASTags having sufficient balance but unfinished KYC are going to get blacklisted or deactivated by the banks after 29th February.
FAQs
Another way of updating FASTag KYC is through going to the bank. Here's what you need to do: Step 1: Visit the nearest FASTag issuer bank with your PAN, identification document, address proof and passport-size photograph. Step 2: Ask the bank representative about the KYC form for FASTag.
How do I update my KYC online? ›
The update procedure is as follows:
- Simply log in to the online KYC portal using your credentials.
- There you will find an option called “Update KYC” in the settings, click on it.
- Then an interface will open up where you will find a set of preferences to make changes to the KYC.
Another way of updating FASTag KYC is through going to the bank. Here's what you need to do: Step 1: Visit the nearest FASTag issuer bank with your PAN, identification document, address proof and passport-size photograph. Step 2: Ask the bank representative about the KYC form for FASTag.
How to update FASTag KYC Axis Bank? ›
For FASTag customer who have an account with Axis Bank, in such case the Customer can raise the Request for KYC Updation through our online Portal https://etc.axisbank.co.in/ETC/RetailRoadUserLogin/Index.
How can I recharge my Paytm FASTag without KYC? ›
- Open Paytm app: Launch the Paytm app on your smartphone.
- Navigate to FASTag section: Find and select the 'FASTAG' option within the app.
- Choose 'LINK FASTAG': Look for the option to link or add a new FASTag account.
- Enter FASTag details: Provide your FASTag details.
Visit NHAI website or MyFASTag app: These platforms allow you to check your FASTag status using your vehicle's registration number. Enter VRN: Input your vehicle's registration number. Check status: You will be able to see details about your FASTag, including whether it is active and the current balance.
Can I do KYC verification online? ›
UIDAI provides a mechanism to verify identity of an Aadhaar number holder through an online electronic KYCservice. The e-KYC service provides an authenticated instant verification of identity and significantly lowers the cost of paper based verification and KYC.
What happens if KYC is not updated? ›
If you do not update the KYC of your SBI account on time, it may lead to account freezing. In such cases, you cannot withdraw cash through an ATM or chequebook. As per the RBI guidelines, you need to update the KYC periodically. It is a mandatory requirement that all bank account holders should follow.
How to do KYC for NRI? ›
What are the Documents Required for NRI KYC?
- Passport Size Photo.
- Hand Signature Photo (sign on a white background and ensure it matches your PAN and Passport)
- Indian PAN Card.
- Passport front and back page.
- Overseas Citizen of India (OCI) Card.
- Current Address Proof.
- Driver/Learner license/ID Card (Unexpired) or.
You will be restricted from recharging the wallet if you have not upgraded your KYC post 2 years of completion as a Non-KYC wallet customer. But you will be able to use the existing balance for toll transactions till your tags are marked "Low Balance" and blocked from using further.
Send kyc airtel via email, link, or fax. You can also download it, export it or print it out. Draw your signature, type it, upload its image, or use your mobile device as a signature pad. Send kyc airtel via email, link, or fax.
How do I reactivate my Airtel FASTag? ›
Follow the below steps to activate your FASTag: Recharge your FASTag account to the required minimum balance right away. The most common reason for blacklisted FASTag is insufficient balance. You can recharge FASTag in a few simple steps from the Airtel Thanks app.
How to update FASTag KYC? ›
Want to update FASTag KYC?
- • Download the FIRSTforward App or click here (www.firstforward.idfcbank.com)
- Choose “Service request.”
- Select “KYC Update from Drop down.”
- ENTER Your PAN.
- Select “Submit”.
- You would receive a SMS to your registered mobile number to complete your Digi-Aadhar verification through Digi-locker.
Moreover, you can open an account digitally in just four simple steps using Axis Bank's video-KYC process, eliminating the need for any paperwork or branch visits.
What is the minimum KYC in FASTag? ›
FASTag with minimum KYC details – • Copy of Vehicle Registration Certificate (RC) for the applied vehicle. • Mobile number verified with a One Time Pin (OTP) • Self-declaration of name and unique identification number of either any of the 'Officially Valid Document.
How can I update my KYC in Paytm? ›
Know how to complete KYC on Paytm
- Step 1: Open the Paytm app.
- Step 2: Click on the profile icon and head to profile settings.
- Step 3: Tap to upgrade to full KYC.
- Step 4: You can choose to update a video KYC or perform the task by visiting a nearby KYC store.
A perpetual/limited KYC status in FASTag wallet indicates that the FASTag wallet is valid forever without any time bound restrictions to update KYC along with monthly recharge limit of INR 10000.
