FASTag (FAster Secure Transaction using Automobile Gateway) is a device that enables electronic toll collection on Indian national highways. It allows vehicles to pass through toll plazas without stopping, resulting in faster and more convenient toll payments. To use FASTag, you must complete the Know Your Customer (KYC) process with your issuing bank. This guide will provide you with all the necessary information on FASTag HDFC KYC, including KYC requirements, documentation, and the step-by-step process.
KYC is mandatory for FASTag users as it helps the issuing bank verify the identity and address of the vehicle owner. This verification ensures that the FASTag is linked to the correct account and that it is not being used for fraudulent purposes. In addition, KYC compliance is essential for account security and to prevent unauthorized transactions.
To complete FASTag KYC with HDFC Bank, you will need the following documents:
Individuals:
* Identity proof: PAN Card, Voter ID, Driving License, Passport
* Address proof: Aadhaar Card, Utility bills, Bank statement
Companies/Businesses:
* Certificate of Incorporation
* Memorandum and Articles of Association
* GST Certificate
* Proof of Address: Registered office address proof
Option 1: Online KYC
Option 2: Branch KYC
Note: HDFC Bank charges a nominal fee for FASTag KYC. The fee varies based on the KYC option chosen.
Once you have submitted your KYC documents, you can track the status of your KYC request online through the HDFC Bank website or mobile banking app. You can also contact HDFC Bank customer care for updates.
If your FASTag KYC is rejected, you will receive a notification from HDFC Bank. The notification will state the reason for rejection. You can rectify the issue and re-submit your KYC documents for verification.
Table 1: FASTag KYC Document Requirements for HDFC Bank
Category | Individuals | Companies/Businesses |
---|---|---|
Identity Proof | PAN Card, Voter ID, Driving License, Passport | Certificate of Incorporation |
Address Proof | Aadhaar Card, Utility bills, Bank statement | Memorandum and Articles of Association, GST Certificate |
Table 2: FASTag KYC Fees
KYC Option | Fee |
---|---|
Online KYC | Rs. 100 + GST |
Branch KYC | Rs. 150 + GST |
Table 3: FASTag KYC Benefits
Benefit | Description |
---|---|
Faster and convenient toll payments | Breeze through toll plazas without stopping |
Account security | Protects FASTag from unauthorized access and misuse |
Personalized services | Account statements, transaction alerts, toll fee discounts |
FASTag HDFC KYC is an essential process that ensures the safety and security of FASTag usage. By completing KYC, you can enjoy the benefits of faster and more convenient toll payments while protecting your account from unauthorized activity. Follow the guidance provided in this comprehensive guide to complete your FASTag KYC smoothly and quickly.
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