The National Payments Corporation of India (NPCI) has announced new FASTag rules effective August 1, 2024. These rules mandate KYC updates for FASTags issued three to five years ago and the replacement of tags older than five years. Vehicle owners must also complete their KYC by October 31, 2024.
India’s Road Transport and Highways Minister Nitin Gadkari announced the implementation of a GPS-based toll collection system on select national highways, replacing traditional methods. This decision follows a successful pilot study and international consultations. The move aims to enhance logistics efficiency and contribute to the ongoing development of national highways.
