Feb 29 last date to update FASTag KYC; step-by-step guide on how to update FASTag KYC

 

FASTag KYC updation deadline: The NHAI has taken this action in response to recent reports of the issuance of numerous FASTags for a single vehicle and the issuance of FASTags without KYC, which is against RBI requirement. Here is how to update FASTag KYC.


The deadline for updating FASTags KYC is February 29; else, banks will deactivate/blacklist accounts that do not have comprehensive KYC details. The National Highway Authority of India (NHAI) has taken this step in response to recent reports of the issuance of more than one FASTag for single vehicles and the issuance of FASTags without KYC, which is against RBI requirements.


How to update FASTag KYC to upgrade from non – KYC customer to full – KYC customer

Please update your KYC information by following these steps, according to the Indian Highway Management Company (IHML) website.

Here is a look at how you can update your FASTag's KYC details.

Step 1: You can login via the dedicated customer web portal in the provided link https://fastag.ihmcl.com and use your registered mobile number and password or OTP based validation to login into the IHMCL customer portal.
Step 2: On the Dashboard Menu and in the left side Menu of the Dashboard, select the "My Profile" option, post which the "My Profile" page will be displayed.In that "My Profile" page, you can see the status of your KYC and all the profile details that you have submitted during the Registration process.

Invest and Earn on ET Money - Get up to 9.5% p.a. returns

Step 3: Click the 'KYC' sub-section next to 'Profile' sub-section.
Step 4: In the 'KYC' sub-section, you need to select the "Customer Type"
Step 5: Fill the mandatory fields by submitting the required ID Proof and Address Proof documents along with your passport size Photo and Address (as per Address Proof).

Step 5: Mandatorily tick the "Declaration: I/We confirm the attached documents are authentic documents. I/We have the originals with us" for proceeding further with the KYC verification process.
Within a maximum of seven working days from the date of your request for a KYC upgrade, your KYC will be completed. You may monitor the status of your KYC on the Customer Portal's "My Profile" page after submitting a request.

How to know FASTag KYC is incomplete?

In the event that your FASTag KYC is incomplete, you will be notified via email, SMS, or the application interface of the issuing bank. We ask that you check for updates on the SMS, email, and other channels of communication that you have registered. The following process can be used to update the KYC online:

For FASTag issued by NHAI
1. Visit https://fastag.ihmcl.com
2. Login
3. Update KYC Online
For FASTag issued by different banks
1. Visit website - https://www.netc.org.in/request-fornetc-fastag
2. Under Request for NETC FASTag, Select your FASTag issuer bank and click on the visit website link.
3. Login to respective FASTag issuer bank
4. Update KYC Online.

Comments

Post a Comment

Popular posts from this blog

Senior Citizen Train Ticket Discount: Government has issued a new statement regarding giving discount to senior citizens on train tickets, know the details here

Image
  Senior Citizen Train Ticket Discount: Once again a demand has been made in the Lok Sabha to give discount to senior citizens on train tickets. Senior Citizen Train Ticket Discount:  Railways has withdrawn the discount given to senior citizens on train tickets since the Corona period. However, from time to time there has been a demand to restore this concession given to senior citizens in trains. Even in the winter session of the Lok Sabha, some members raised the demand for increasing fare concessions and facilities for senior citizens traveling in trains. However, even before this, Railway Minister Ashwini Vaishnav has told in the Lok Sabha that during the train journey, every passenger is given an average subsidy of 53 percent on the train ticket. Apart from this, he also told who gets discount on tickets while traveling by train. Demand for discount in train tickets raised again During Zero Hour in the House, Janata Dal (United) MP Kaushalendra Kumar said that before the Corona ep
Read more

Cash Transaction Rules: Income tax rules on cash transaction between Husband-Wife and Son-Father, know rules

Image
  Cash Transaction Rules: Income tax keeps an eye on our every transaction. But is there any tax on cash transactions or can Income Tax send a notice? Or how much cash transaction can take place between you and your wife or between father and son? If you also have these questions in your mind, then let us know their answers… If you also transact money between father and son or between husband and wife, then this news is useful for you. Actually, every transaction of ours has an eye on income. In such a situation, a question arises in the minds of many people whether income tax notice can be received even on cash transactions? Let us know how much cash transaction you can do in your family. Income tax sends notice? According to tax experts, if you give money every month for household expenses or give money as a gift, then the wife is not liable for income tax. Both these types of amounts will be considered as the income of the husband. The wife will not receive any notice from the Incom
Read more

Have a Current/Savings Bank Account? Know the Cash Deposit Limits under Income Tax Act to avoid Penalties and Notices

Image
  Adhering to cash deposit and withdrawal limits is crucial to remain compliant with the Income Tax Act in India. This article aims to elucidate the various facets of cash-related regulations, encompassing savings and current accounts, fixed deposits, credit card bill payments, real estate transactions, and more.  Cash Deposit Limits in Savings and Current Accounts The Indian Income Tax Act imposes specific regulations on significant cash deposits in savings accounts. Individuals accumulating INR 10 lakh or more during a fiscal year must notify tax authorities.  For current accounts, this threshold is set higher at INR 50 lakh. Although not immediately taxed, financial institutions report transactions exceeding these limits.  Cash Withdrawal and TDS under Section 194N  Section 194N outlines TDS rules for cash withdrawals. A 2% TDS is levied on withdrawals exceeding INR 1 crore within a fiscal year. Non-filers face a 2% TDS on withdrawals over INR 20 lakh and a 5% TDS on amounts exceedi
Read more