Sunday, July 13, 2025

FASTag Paytm and KYC Deadlines: All You Need To Know About

The recent spotlight on FASTag, the primary toll payment method, arises from significant developments unfolding on two fronts. Firstly, the National Highway Authority of India (NHAI) has set a deadline for completing the Know Your Customer (KYC) process for FASTag users. Secondly, the buzz around Paytmโ€™s FASTag services following a directive from the Reserve Bank of India (RBI) instructing the financial tech platform to cease its payments bank operations.

Hereโ€™s a complete overview of these developments and the necessary actions you need to take: โ€“

FASTag KYC

  • The NHAI noticed instances of multiple FASTags issued to a single vehicle and one FASTag being used by multiple vehicles. So, to streamline toll collection and eliminate these disruptions, NHAI has recently introduced the โ€œOne Vehicle, One FAStagโ€ initiative.
  • In this initiative, vehicle owners with multiple FASTags linked to a single vehicle number must ensure completion of the KYC process for the intended vehicle and discard all other issued FASTags.
  • Initially set for January 31, the deadline for the FASTag KYC process has been moved to February 29, 2024.

Also Read: Interim Budget 2024: Key Announcement For Automobile Industry

FASTag KYC online
  • If KYC is not done before the deadline, the FASTag of your vehicle will be deactivated, even if it still has some balance left.
  • If your vehicle has multiple FASTags registered with valid KYC, only the most recently purchased one will remain active, while the others will be blacklisted.
  • Vehicle owners can complete the FASTag KYC process both online and offline.

Paytm FASTag Validity

Paytm FASTag Validity

As mentioned above, RBI has instructed Paytm to cease its payment bank services and discontinue accepting new deposits in existing accounts and wallets after February 29. Following this development, vehicle owners who utilise Paytm FASTags are unsure what to do. Until the end of February 2024, customers can still add money to their Paytm FASTags and keep using them. But once the FASTag balance is finished, they wonโ€™t be able to add more, rendering it unusable for toll payments.

While CEOs of various startups are urging the RBI to reconsider its decision, the possibility of the RBI rescinding the ruling remains uncertain. To be safe, itโ€™s a good idea to get a new FASTag from an alternative provider and complete the KYC process accordingly.

Also Read: NHAI To Use VIDES Cameras, ATMS Standards Updated

Car News

Maruti Swift discounts

Maruti Suzuki Arena Cars Get Discounts Up to โ‚น1.10 Lakh This July

0
Maruti Suzuki has rolled out attractive discounts of up to Rs 1.10 lakh on its select Arena cars for July 2025. Here we've detailed...
Honda City Hybrid Review

Honda City Hybrid Gets A Huge Price Cut

0
Honda Cars India has slashed the price of the City e:HEV hybrid sedan by approximately Rs 96,000, bringing its ex-showroom price down to Rs...

2025 Renault Triber Facelift To Be Launched On This Date

0
Renault India is all set to launch the highly anticipated facelift version of the Triber on July 23, 2025. This will be the first...

2025 Bajaj Pulsar NS400Z Launched โ€“ Improved Performance, More Features

0
Bajaj Auto has updated the Pulsar NS400Z with enhanced performance and new features. It is now priced at Rs 1.92 lakh (ex-showroom), making it...

Related Articles

Bajaj Pulsar N150 Discontinued In India

Bajaj Auto has discontinued the Pulsar N150 from its Indian lineup. The bike has also been removed from the official website. The Pulsar N150...

Toyota Glanza Gets Prestige Accessory Package; Six Airbags Now Standard

Toyota India has made six airbags a standard fitment across all variants of the Glanza, enhancing safety for both the driver and the passengers....

Bajaj Pulsar N160 Gets New Single Seater, Dual-Channel ABS Variant

After launching the single-seat variant of the Pulsar N160 earlier this year, Bajaj Auto has now introduced another single-seat variant with dual-channel ABS. It...

Top 10 Selling Cars of June 2025 โ€“ Creta Leads The Chart

Car sales in India witnessed a decline in sales last month, and the top 10 vehicle sales also reflect this downturn. However, the Hyundai...

Tata Curvv EV and Nexon EV 45 kWh Onwers Now Can Get Lifetime Battery Warranty

Tata Motors has introduced a lifetime battery warranty for the Curvv EV and Nexon EV's 45 kWh variant. This scheme was introduced with the...