Fastag now requires KYC: In along with KYC, KYV verification is now required in order to avoid Fastag fraud and accurately identify each vehicle’s Fastag. This implies that your Fastag can be deactivated if you do not finish the KYV for your car.
It is generally known that traveling on highways requires the use of a Fastag. But did you know that a fresh update has been provided by the government? The government now mandates both KYC (Know Your Customer) and KYV (Know Your Vehicle) verification in order to stop Fastag fraud and accurately identify each vehicle’s Fastag. This implies that your Fastag may be deactivated and you will have to pay the full toll in cash at the toll plaza if you do not finish your vehicle’s KYV. This new KYV system: what is it and why is it required? Let us examine the specifics.
What is KYV?
The government implemented a new verification procedure called KYV (Know Your Vehicle) to stop fraud and abuse of Fastag. Just to how KYC (Know Your Customer) verifies your identity, KYV verifies the identity of your car and the details of its previous owner. By following this procedure, you may be sure that your Fastag is mounted on the right car and is not being used improperly on another one.
KYV, these documents are necessary.
You will require a number of documents to finish the KYV process. A digital copy of your car’s registration number, chassis number, VRN (Vehicle Registration Number), and the specifics of the FasTag connected to your phone are among them.
How can I finish the KYV process on my phone?
Start by launching your Fastag or banking app.
Next, enter “Fastag Verification” or “KYV” into the search field.
Follow the on-screen directions to begin the procedure now.
You must submit crisp images of the car taken from various perspectives.
The FasTag must be correctly affixed to the car’s windshield in one picture.
Add a scanned copy of the RC as well.
Click the Submit / Send button once all of the data has been entered.