What documents are required to purchase a FASTag?
Answered on February 05,2021
Please note that FASTag wallet creation is governed by RBI regulations on Pre-paid instruments.
The standard documents required to be submitted by an individual for applying for a FASTag are as below:
A. FASTag with minimum KYC details –
• Copy of Vehicle Registration Certificate (RC) for the applied vehicle
• Mobile number verified with a One Time Pin (OTP)
• Self-declaration of name and unique identification number of either any of the ‘Officially Valid Document (OVD)’
Please note - In case of FASTag with Minimum KYC details – The amount loaded in FASTag wallet during any month shall not exceed Rs.10,000/- and the total amount loaded during the financial year shall not exceed Rs.1,00,000/-.
B. FASTag with Full KYC details -
• Copy of Vehicle Registration Certificate (RC) for the applied vehicle
• Mobile number verified with a One Time Pin (OTP)
• Copy of valid Address Proof (Any of the accepted OVDs such as DL, Aadhaar card, Voter ID Card, Passport, etc.)
• Copy of valid ID Proof or PAN card
• A passport size photo (colored/black & white)
Please note - In case of FASTag with Full KYC details - the balance limit of wallet linked to their vehicle or vehicles shall be increased up to Rs 1 Lakh at any point of time
Important note
Requirement for KYC documentation are required in compliance to RBI guidelines/directions.
As per RBI guidelines, Officially Valid Documents (OVDs) for KYC purpose include:
• Passport
• Driving Licence
• Voters’ ID card
• PAN card
• Aadhaar letter issued by UIDAI and
• Job Card issued by NREGA signed by a State Government official.
For further details, one may reach out to any of the issuer banks or refer RBI guidelines.
FASTag can also be linked to saving bank account, and in such case only a copy of vehicle RC copy shall suffice, and no KYC document shall be required.
For corporate entity, the documents are collected in line with RBI guidelines as well.
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