HomeEconomyNHAI Considers Extending 'One Vehicle, One Fastag' Deadline Amid Paytm Crisis"

NHAI Considers Extending ‘One Vehicle, One Fastag’ Deadline Amid Paytm Crisis”

'One Vehicle, One Fastag' initiative aims to improve toll collection efficiency. Additionally, Paytm Payments Bank customers have been advised to switch banks by March 15, affecting Fastag users.

The National Highways Authority of India (NHAI) is thinking about giving more time for people to follow the ‘One Vehicle, One Fastag' rule. They might extend the deadline until the end of March because some Fastag users are facing problems. This info comes from a senior official of NHAI.

The ‘One Vehicle, One Fastag' initiative aims to make toll collection smoother and faster at highways. NHAI wants every vehicle to have its own Fastag, instead of one Fastag being used for multiple vehicles.

Earlier, the Reserve Bank of India (RBI) told Paytm Payments Bank Ltd. (PPBL) customers to switch to other banks by March 15. But even after that date, customers can still use their accounts and Fastags without any restrictions.

However, after March 15, customers won't be able to add more money to their Paytm Fastags. Despite this, they can keep using their Fastags until the balance runs out.

Fastag has become very popular in India, with around 98% of vehicles using it. It's a system that lets you pay tolls electronically, directly from your bank account.

To update your Fastag details, visit the Indian Company website and log in with your mobile number. You can check your details and upload ID proofs to complete the KYC process.

The National Highways Authority of India (NHAI) is thinking about giving more time for people to follow the ‘One Vehicle, One Fastag' rule. They might extend the deadline until the end of March because some Paytm Fastag users are facing problems. This info comes from a senior officer.

The ‘One Vehicle, One Fastag' initiative aims to make toll collection smoother and faster at highways. NHAI wants every vehicle to have its own Fastag, instead of one Fastag being used for multiple vehicles.

Earlier, the Reserve Bank of India (RBI) told Paytm Payments Bank Ltd. (PPBL) customers to switch to other banks by March 15. But even after that date, customers can still use their accounts and Fastags without any restrictions.

However, after March 15, customers won't be able to add more money to their Paytm Fastags. Despite this, they can keep using their Fastags until the balance runs out.

Fastag has become very popular in India, with around 98% of vehicles using it. It's a system that lets you pay tolls electronically, directly from your bank account.

To update your Fastag details, visit the Indian Highway Management Company website and log in with your mobile number. You can check your details and upload ID proofs to complete the KYC process.

How to update FASTag KYC?

Here's a simplified explanation of updating your FASTag KYC:

  1. Visit the Indian Highway Management Company (IHML) website at https://fastag.ihmcl.com/.
  2. Log in to your FASTag account using your registered mobile number.
  3. Once logged in, you'll see your dashboard. Check your KYC status and other details under the profile section.
  4. Navigate to the KYC section beside the profile.
  5. Choose your customer type and upload your .
  6. Finally, check the declaration confirming the accuracy of your information before submitting.
The BuckStopper Reporter
The BuckStopper Reporterhttps://www.thebuckstopper.com
The BuckStopper, run by a group of seasoned journalists, holds the powerful accountable. The buck stops with them, as they cannot shrug off their official responsibilities.
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