India, Jan. 1 -- The National Highways Authority of India (NHAI) has decided to discontinue the practice of routinely requiring banks to conduct Know Your Vehicle (KYV) verification for all cars issued FASTags, a statement by the ministry of road transport and highways said on Thursday.
The move to overhaul the KYV system is a significant step toward improving public convenience and eliminating post-activation harassment faced by highway users, the ministry said.
The changes would take effect on February 1.
Know Your Vehicle (KYV) is a verification mechanism designed to ensure FASTags are correctly mapped to vehicle registration numbers, preventing misuse and revenue leakage at toll plazas.
KYV will not be a routine requirement for ex...
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