Quickly Deactivate Your FASTag Account While Selling Your Car

Page 1

Quickly Deactivate Your FASTag Account While Selling a Car kuchbhi.com/life-style/deactivate-your-fastag-account-while-selling-car.html Ajay Lulia

October 30, 2021

Are You planning to sell your car? Instantly deactivate your FASTag account to avoid the financial hassle. You need to provide information to your bank about car selling and close your account. The Ministry of Road Transport and Highways, also known as MoRTH, in India has made it mandatory for all vehicles to have FASTags. The advanced toll collection system makes use of Radio Frequency Identification or RFID to make payments to a toll plaza as the vehicle passes through. The payment is automatically deducted from the vehicle-linked ewallet or bank account.

What is FASTag? A FASTag is an advanced digitized system for toll collection where toll payments are automatically deducted from the linked bank account once a vehicle passes through a FASTag-enabled toll plaza. But what happens after a car has been sold? What about the car’s FASTag?

Why Is It Important to Close the FASTag Account While Selling a Car? To get a FASTag, the vehicle owner needs to provide KYC (Know Your Customer) documentation, as well as bank or e-wallet details. One vehicle is only allowed one FASTag. Because of all the sensitive information that is linked with the tag, it is important to ensure that it is effectively deactivated once the car has a new owner.

1/3


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
Quickly Deactivate Your FASTag Account While Selling Your Car by susanburling06 - Issuu