FASTag KYC Update: Vehicle drivers should update FASTag KYC immediately, last date is near



FASTag KYC Update: Vehicle drivers should update FASTag KYC immediately, last date is near

FASTag KYC Update: NHAI (National Highways Authority of India) has kept March 31, 2024 as the last date for updating FASTag KYC. So if you have also not updated Fastag KYC on your vehicle, then you have to update the KYC details of your card immediately.

FASTag KYC Update: It is necessary for every Fastag user to update the KYC of the Fastag issued for toll collection. NHAI (National Highways Authority of India) had also extended the deadline for this. Now the last date to do this is March 31, 2024. So if you have also not updated Fastag KYC on your vehicle, then you have to update the KYC details of your card immediately.

What is FASTag?

Whenever you pass through a toll plaza on any highway, you have to pay toll tax for it. Earlier there used to be long queues at toll plazas, to solve this the government had started the facility of Fastag. This is a type of electronic toll collection. Fastag is a radio frequency identification tag, which is pasted on the windscreen of the vehicle. It is linked to a prepaid account, so that whenever you pass through a toll plaza, you do not have to stop there and the device installed at the toll immediately scans this card and the toll is automatically deducted. According to the government order, Fastag should be installed on every four-wheeler and larger vehicles in the country.

How to update FASTag KYC?

FASTag KYC can be updated in many ways. It can be updated from Fastag portal or bank portal.

1. How to update FASTag KYC on FASTag portal

Follow these steps to update FASTag KYC on FASTag portal.

Step 1: Visit the official FASTag portal https://fastag.ihmcl.com/.

Step 2: Log in using your mobile number and one time password (OTP).

Step 3: On the homepage, look for the “My Profile” tab and click on the KYC tab.

Step 4: Carry your vehicle registration certificate, driving license, address proof, ID proof and a photograph.

Step 5: Fill all the necessary information and update it.

2. Steps to update FASTag KYC on bank portal

Follow these simple steps to update FASTag KYC on your bank/issuing authority portal.

Step 1: Visit the official website of the bank/issuing authority that issued your FASTag.

Step 2: Log in to the bank’s website with your credentials.

Step 3: Once logged in, look for the FASTag segment and then go to the KYC section.

Step 4: Carry your vehicle registration certificate, driving license, address proof, ID proof and a photograph.

Step 5: Fill all the necessary information and update it.

How to know whether FASTag KYC is complete or not?

If your FASTag KYC is incomplete, you will be notified via email, SMS or the application interface of the issuing bank regarding incomplete KYC. Keep an eye on your registered number or platform like SMS, e-mail etc. for updates. And if you have not received any notification from your bank regarding updation, then it means that your KYC has been completed and there is nothing to be done from your side.

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