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One Vehicle One FASTag

One Vehicle One FASTag mind map
Recent News
January 2024
Indian Context
When
Effective from February 1, 2024
Why
Enhance ETC system efficiency
Seamless Toll Plaza movement
Discourage misuse of FASTags
What
One FASTag per vehicle
Compliance with RBI guidelines
KYC completion required
Where
Nationwide implementation
Indian National Highways
Who
National Highways Authority of India (NHAI)
Reserve Bank of India (RBI)
FASTag users
How
Discard old FASTags
Update KYC for latest FASTag
Contact issuer banks for assistance
Significance
Improved Toll Plaza efficiency
Smooth traffic flow
Reduced delays and inconveniences
Challenges
Risk of FASTag deactivation
KYC update requirement
Way Forward
Continued user awareness
Enhanced system monitoring

The ‘One Vehicle One FASTag’ initiative, effective from February 1, 2024, is a strategic move by the National Highways Authority of India (NHAI) to enhance the efficiency of the Electronic Toll Collection (ETC) system on Indian National Highways. This initiative mandates that each vehicle should have only one FASTag, requiring users to comply with updated Reserve Bank of India (RBI) guidelines, particularly the completion of the Know Your Customer (KYC) process. It aims to eliminate the misuse of FASTags, such as using one tag for multiple vehicles or linking multiple tags to a single vehicle. Users are urged to discard any old FASTags and ensure that their latest FASTag has updated KYC details to avoid deactivation or blacklisting post-January 31, 2024. The initiative is expected to streamline toll operations, reduce delays and inconvenience at toll plazas, and ensure a smoother flow of traffic.

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