Rules change from 1 April 2024, know the important things
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Rules Change 1 April 2024: The month of March is about to end. After this the new business year will begin. That means the month of April will start. With the beginning of the new business year, many rules related to money are going to change about which you should be aware. Especially you should know about the rules related to Fastag, otherwise you may suffer loss.
Actually, there will be changes in the rules related to Fastag from April 1, 2024. If you use Fastag and have not updated it yet… then get this done soon, otherwise the problems will increase if you do not update Fastag KYC by 31st March 2024. The bank will work to deactivate Fastag without KYC. This means that even if there is balance in Fastag, you will not be able to make payment through it. Let us tell you that NHAI has made Fastag KYC mandatory.
Read Also: Paytm FASTag: Paytm Fastag users should buy a new Fastag from any other bank till this day.
What is Fastag?
Some people often have a question in their mind that what is FASTag and how does it work. So let us tell you that Fastag is an electronic toll collection system. Talking about this system, it is based on Radio Frequency Identification (RFID) technology. Fastag is issued by the authorized bank which works in the toll gate and the money is automatically deducted from your bank account. After the introduction of this technology, less crowd is seen at the toll gate. It is pasted on the windscreen and readers are installed at all toll plazas on national highways. With its help the tag is scanned and the charge is deducted.
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