NPCI issues new FASTag KYC guidelines from 1 August, mandating completion of KYC for old FASTags, and replacement of FASTags older than five years.

From August 1, new FASTag rules will be effective, with the National Payments Corporation of India (NPCI) issuing new guidelines focusing on FASTag Know Your Customer (KYC) requirements. Companies providing FASTag services must complete KYC for all FASTags issued between three and five years ago by October 31. Additionally, FASTags older than five years must be replaced. The NPCI aims to improve toll payment processes and reduce congestion at toll booths with these updates.

July 30, 2024
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