INCOME TAX19 Sept 2026
FASTag OneTag launched: Change your bank without replacing the tag—here’s how it works | Mint
You can now switch your FASTag issuer bank without replacing the physical tag. Nitin Gadkari, Union Minister for Road Transport and Highways, launched OneTag. You switch banks through the National Highways Authority of India's Rajmargyatra app, keeping the same tag ID. Fresh Know Your Customer (KYC) checks are required, and the old wallet closes with the balance refunded. Check eligibility in the app first.
Key Statutory Highlights
- OneTag lets you change your FASTag issuer bank without replacing the physical tag or closing your active NETC account.
- You begin the switch in the Rajmargyatra app by entering your Vehicle Registration Number, and your existing bank sends a six-digit Mobile Verification Code to confirm your authorisation.
- After porting, a mandatory six-month cooling-off window applies before you can move your FASTag to another provider again.
Actionable Advice for Taxpayers / Founders:If you want to move banks, log into the Rajmargyatra app and check your eligibility first, then keep your KYC documents ready for the new bank. Remember that your old wallet is closed after porting, and any balance is refunded only after pending tolls and administrative fees are adjusted.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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