{"id":1270,"date":"2024-01-18T20:10:13","date_gmt":"2024-01-18T14:40:13","guid":{"rendered":"https:\/\/www.fuelwings.com\/blogs\/?p=1270"},"modified":"2024-01-31T15:36:51","modified_gmt":"2024-01-31T10:06:51","slug":"how-do-i-update-my-kyc-for-fastag-online-fastag-kyc-is-compulsory","status":"publish","type":"post","link":"https:\/\/www.fuelwings.com\/blogs\/how-do-i-update-my-kyc-for-fastag-online-fastag-kyc-is-compulsory\/","title":{"rendered":"How do I update my KYC for FASTag online? FASTag KYC is Compulsory"},"content":{"rendered":"<p data-sourcepos=\"3:1-3:333\">FASTag has revolutionized toll payments in India, offering a seamless and hassle-free experience. But to enjoy its full benefits, keeping your KYC (Know Your Customer) information updated is crucial. This ensures smooth transactions and avoids any service disruptions. Here&#8217;s a detailed guide on how to update your FASTag KYC online:<\/p>\n<p data-sourcepos=\"3:1-3:333\">By following these simple steps, you can quickly and easily update your FASTag KYC online. This will ensure a smooth and convenient toll payment experience on your next journey.<\/p>\n<p data-sourcepos=\"5:1-5:21\"><strong>Before You Begin:<\/strong><\/p>\n<ul data-sourcepos=\"7:1-9:0\">\n<li data-sourcepos=\"7:1-7:204\"><strong>Check your KYC status:<\/strong>\u00a0Log in to your FASTag portal (<a class=\"traceable-link\" href=\"https:\/\/fastag.ihmcl.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/fastag.ihmcl.com\/<\/a>) or the app of your issuing bank.\u00a0If your KYC shows &#8220;incomplete,&#8221; proceed with the update.<\/li>\n<li data-sourcepos=\"8:1-9:0\"><strong>Gather documents:<\/strong>\u00a0Keep scanned copies of your ID proof (PAN card,\u00a0Aadhaar card,\u00a0driving license,\u00a0etc.) and address proof (utility bills,\u00a0bank statements,\u00a0etc.) handy.<\/li>\n<\/ul>\n<p data-sourcepos=\"10:1-10:31\"><strong>Steps to Update KYC Online:<\/strong><\/p>\n<ol data-sourcepos=\"12:1-13:28\">\n<li data-sourcepos=\"12:1-12:153\"><strong>Visit the FASTag portal:<\/strong>\u00a0Go to\u00a0<a class=\"traceable-link\" href=\"https:\/\/fastag.ihmcl.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/fastag.ihmcl.com\/<\/a>\u00a0and log in using your registered mobile number and password.<\/li>\n<li data-sourcepos=\"13:1-13:28\"><strong>Navigate to &#8220;My Profile&#8221;:<\/strong>\u00a0Click on your name or profile picture on the top right corner.<\/li>\n<li data-sourcepos=\"14:1-14:88\"><strong>Access &#8220;KYC&#8221; section:<\/strong>\u00a0Under &#8220;My Profile,&#8221; find the &#8220;KYC&#8221; section and click on it.<\/li>\n<li data-sourcepos=\"15:1-15:94\"><strong>Select customer type:<\/strong>\u00a0Choose whether you are an individual,\u00a0corporate,\u00a0or other entity.<\/li>\n<li data-sourcepos=\"16:1-16:125\"><strong>Fill in the details:<\/strong>\u00a0Provide the required information,\u00a0including your name,\u00a0father&#8217;s name,\u00a0date of birth,\u00a0and address.<\/li>\n<li data-sourcepos=\"17:1-17:143\"><strong>Upload documents:<\/strong>\u00a0Click on &#8220;Browse&#8221; and upload scanned copies of your ID and address proof documents.\u00a0Ensure they are clear and legible.<\/li>\n<li data-sourcepos=\"18:1-19:0\"><strong>Declaration and submission:<\/strong>\u00a0Carefully read and agree to the declaration confirming the authenticity of the documents.\u00a0Then,\u00a0click on &#8220;Submit.&#8221;<\/li>\n<\/ol>\n<p data-sourcepos=\"20:1-20:23\"><strong>Alternative Method:<\/strong><\/p>\n<ul data-sourcepos=\"22:1-22:50\">\n<li data-sourcepos=\"22:1-22:50\"><strong>Bank website\/app:<\/strong>\u00a0Many issuing banks like ICICI,\u00a0Kotak Mahindra,\u00a0and HDFC Bank allow FASTag KYC update through their online platforms.\u00a0Visit your bank&#8217;s website or app,\u00a0locate the FASTag section,\u00a0and follow their specific instructions for KYC update.<\/li>\n<\/ul>\n<p data-sourcepos=\"24:1-24:21\"><strong>Important Points:<\/strong><\/p>\n<ul data-sourcepos=\"26:1-30:0\">\n<li data-sourcepos=\"26:1-26:73\">The KYC update process usually takes 2-3 working days for verification.<\/li>\n<li data-sourcepos=\"27:1-27:87\">You will receive an SMS and email notification once your KYC is successfully updated.<\/li>\n<li data-sourcepos=\"28:1-28:97\">After updating your KYC,\u00a0your wallet limit will be increased,\u00a0allowing higher recharge amounts.<\/li>\n<li data-sourcepos=\"29:1-30:0\">Remember to update your KYC details even if you haven&#8217;t received any notification.\u00a0Maintaining complete KYC ensures uninterrupted FASTag services and avoids penalties for non-compliance.<\/li>\n<\/ul>\n<h2 class=\"\" data-sourcepos=\"1:1-1:62\">10 FAQs on FASTag KYC as per New Guidelines (Jan 31, 2024):<\/h2>\n<p data-sourcepos=\"3:1-3:34\"><strong>1. Why is FASTag KYC required?<\/strong><\/p>\n<p data-sourcepos=\"5:1-5:160\">FASTag KYC helps prevent misuse of tags, money laundering, and ensures financial transactions are legitimate. It aligns with RBI guidelines for digital wallets.<\/p>\n<p data-sourcepos=\"7:1-7:50\"><strong>2. What are the new KYC guidelines for FASTag?<\/strong><\/p>\n<p data-sourcepos=\"9:1-9:54\">As of January 2024, two types of FASTag wallets exist:<\/p>\n<p data-sourcepos=\"11:1-11:24\"><strong>a) Full KYC Wallet:<\/strong><\/p>\n<ul data-sourcepos=\"12:1-15:0\">\n<li data-sourcepos=\"12:1-12:41\">No transaction limit per month or year.<\/li>\n<li data-sourcepos=\"13:1-13:78\">Requires submission of ID and address proof (passport,\u00a0driving license etc.)<\/li>\n<li data-sourcepos=\"14:1-15:0\">Can be linked to savings bank account,\u00a0eliminating document requirement.<\/li>\n<\/ul>\n<p data-sourcepos=\"16:1-16:27\"><strong>b) Minimum KYC Wallet:<\/strong><\/p>\n<ul data-sourcepos=\"17:1-17:61\">\n<li data-sourcepos=\"17:1-17:61\">Maximum transaction limit of Rs.\u00a010,000 per month and Rs.\u00a01,00,000 per year.<\/li>\n<li data-sourcepos=\"18:1-19:0\">No document submission necessary.<\/li>\n<\/ul>\n<p data-sourcepos=\"20:1-20:44\"><strong>3. How to upgrade my FASTag to Full KYC?<\/strong><\/p>\n<p data-sourcepos=\"22:1-22:199\">You can complete the KYC process through your issuing bank&#8217;s app or the FASTag portal (fastag.ihmcl.com). Provide KYC documents like ID and address proof, a passport-sized photo, and vehicle RC copy.<\/p>\n<p data-sourcepos=\"24:1-24:43\"><strong>4. How long does KYC verification take?<\/strong><\/p>\n<p data-sourcepos=\"26:1-26:137\">Usually, FASTag KYC verification takes up to 7 working days from document submission. You can track the status on the bank app or portal.<\/p>\n<p data-sourcepos=\"28:1-28:53\"><strong>5. What happens if I don&#8217;t upgrade my FASTag KYC?<\/strong><\/p>\n<p data-sourcepos=\"30:1-30:150\">After March 2024, non-KYC FASTags will have transaction limits and may eventually be deactivated. It&#8217;s recommended to upgrade for smooth future usage.<\/p>\n<p data-sourcepos=\"32:1-32:49\"><strong>6. Can I link my FASTag to multiple vehicles?<\/strong><\/p>\n<p data-sourcepos=\"34:1-34:120\">Yes, you can link one FASTag account to multiple vehicles by adding their RC details. KYC requirements apply per account, not each vehicle.<\/p>\n<p data-sourcepos=\"36:1-36:44\"><strong>7. Are there any charges for FASTag KYC?<\/strong><\/p>\n<p data-sourcepos=\"38:1-38:123\">No, the KYC process itself is free. However, standard FASTag tag cost (around Rs. 100) and bank-specific charges may apply.<\/p>\n<p data-sourcepos=\"40:1-40:58\"><strong>8. What documents are needed for corporate FASTag KYC?<\/strong><\/p>\n<p data-sourcepos=\"42:1-42:182\">Corporate KYC documents follow RBI guidelines for entities, typically requiring company registration certificates, director information, etc. Contact your issuing bank for specifics.<\/p>\n<p data-sourcepos=\"44:1-44:50\"><strong>9. I lost my FASTag. Can I still complete KYC?<\/strong><\/p>\n<p data-sourcepos=\"46:1-46:119\">Yes, you can apply for a duplicate tag and link it to your existing FASTag account. KYC details will remain associated.<\/p>\n<p data-sourcepos=\"48:1-48:59\"><strong>10. Where can I find more information about FASTag KYC?<\/strong><\/p>\n<p data-sourcepos=\"50:1-50:138\">You can visit the official FASTag website (fastag.ihmcl.com) or contact your issuing bank for details and assistance with the KYC process.<\/p>\n<p data-sourcepos=\"52:1-52:204\">Remember, completing FASTag KYC ensures smooth future transactions and compliance with regulations. Don&#8217;t hesitate to reach out to your bank or the FASTag portal for any further information or assistance.<\/p>\n<p data-sourcepos=\"54:1-54:88\"><strong>Bonus Tip:<\/strong> Keep your FASTag wallet balance topped up to avoid delays at toll plazas!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FASTag has revolutionized toll payments in India, offering a seamless and hassle-free experience. But to enjoy its full benefits, keeping your KYC (Know Your Customer) information updated is crucial. This ensures smooth&#8230;<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_regular_price":[],"currency_symbol":[],"footnotes":""},"categories":[111],"tags":[433,432,434],"class_list":["post-1270","post","type-post","status-publish","format-standard","hentry","category-featured","tag-fastag","tag-fastag-kyc-online","tag-kyc-online"],"aioseo_notices":[],"post_slider_layout_featured_media_urls":{"thumbnail":"","post_slider_layout_landscape_large":"","post_slider_layout_portrait_large":"","post_slider_layout_square_large":"","post_slider_layout_landscape":"","post_slider_layout_portrait":"","post_slider_layout_square":"","full":""},"_links":{"self":[{"href":"https:\/\/www.fuelwings.com\/blogs\/wp-json\/wp\/v2\/posts\/1270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fuelwings.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fuelwings.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fuelwings.com\/blogs\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fuelwings.com\/blogs\/wp-json\/wp\/v2\/comments?post=1270"}],"version-history":[{"count":3,"href":"https:\/\/www.fuelwings.com\/blogs\/wp-json\/wp\/v2\/posts\/1270\/revisions"}],"predecessor-version":[{"id":1368,"href":"https:\/\/www.fuelwings.com\/blogs\/wp-json\/wp\/v2\/posts\/1270\/revisions\/1368"}],"wp:attachment":[{"href":"https:\/\/www.fuelwings.com\/blogs\/wp-json\/wp\/v2\/media?parent=1270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fuelwings.com\/blogs\/wp-json\/wp\/v2\/categories?post=1270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fuelwings.com\/blogs\/wp-json\/wp\/v2\/tags?post=1270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}