In the era of digitalization, hassle-free toll payments have become a necessity. ICICI FASTag, a revolutionary initiative, eliminates the need for cash or cards at toll plazas, enabling seamless and efficient travel. To enhance the security of FASTag transactions, the Reserve Bank of India (RBI) has introduced mandatory ICICI FASTag KYC (Know Your Customer). By completing the KYC process, users can enjoy the benefits of FASTag while adhering to regulatory guidelines.
ICICI FASTag KYC is a process that collects and verifies essential identity details of FASTag users. It involves submitting personal information, such as PAN, Aadhaar number, and address proof, to authorized agencies. The purpose of KYC is to prevent fraudulent transactions, comply with anti-money laundering regulations, and ensure the security of FASTag accounts.
Tables
Requirement | Document | Format |
---|---|---|
Proof of Identity | PAN card, Aadhaar card | Hard copy or digital copy |
Proof of Address | Utility Bill, Bank Statement | Hard copy or digital copy |
Tables
Authority | Requirement | Format |
---|---|---|
National Payments Corporation of India (NPCI) | PAN, Aadhaar number, Address Proof | Hard copy or digital copy |
ICICI Bank | FASTag Account Number | Hard copy or digital copy |
ICICI FASTag KYC offers several advantages, including:
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