'One Vehicle, One FASTag' Started from 1st April
Moneylife Digital Team 02 April 2024
The 'One Vehicle, One FASTag' rule of the National Highways Authority of India (NHAI), aimed to discourage using a single FASTag for multiple vehicles or linking multiple FASTags to a particular vehicle, has come into force from 1 April 2024. Following the issues at Paytm Payments Bank Ltd, NHAI extended the 'One Vehicle, One FASTag' compliance deadline to 31 March 2024.
 
To enhance the efficiency of the electronic toll collection system and provide seamless movement at toll plazas, the NHAI has taken the 'One Vehicle, One FASTag' initiative. It aims to discourage the use of a single FASTag for multiple vehicles or linking multiple FASTags to a particular vehicle.
 
In a statement, NHAI says, "FASTag users must also comply with 'One Vehicle, One FASTag' and discard all the earlier issued FASTags through their respective banks. Only the latest FASTag account shall remain active as previous tags will be deactivated or blacklisted after 31 March 2024."
 
"With a penetration rate of around 98% and over 8 crore users, FASTag has revolutionised the electronic toll collection system in the country. The 'One Vehicle, One FASTag' initiative will help to make toll operations more efficient and ensure seamless and comfortable journeys for the national highway users," NHAI says. 
 
NHAI took the initiative after the reports of multiple FASTags being issued for a particular vehicle and FASTags being issued without KYC (know-your-customer), violating the Reserve Bank of India's (RBI's) mandate. To avoid inconvenience, users must ensure that the KYC of their latest FASTag is completed. Only the latest FASTag account will remain active.
 
Earlier, NHAI advised Paytm FASTag users to procure a new FASTag issued by another bank before 15 March 2024. This will help avoid penalties or double fee charges while commuting on national highways, the Union ministry of road transport & highways (MoRTH) says in a statement.
 
In February, RBI asked the National Payments Corporation of India (NPCI) to ensure alternative arrangements for customers using the unified payments interface (UPI) of Paytm Payments Bank so that '@paytm' handles can be migrated seamlessly.
 
"It is reiterated that the holders of FASTag and National Common Mobility Cards (NCMC) issued by Paytm Payments Bank may make alternative arrangements before 15 March 2024 to avoid any inconvenience," RBI says.
 
For more details, FASTag users can refer to the frequently asked questions (FAQs) on the website of Indian Highways Management Co Ltd (IHMCL) https://ihmcl.co.in/fastag-user/, a joint venture of NHAI, its concessionaires and financial institutions.
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