Types and features of FASTag prepaid wallets
Small PPIs:
PPIs up to₹10,000/- (with no cash loading)
This wallet will be issued after obtaining minimum details of the customer
The minimum details will necessarily include a mobile number verified with One-Time PIN (OTP) and a self-declaration of name and unique identity / identification number of any ‘mandatory document’ or ‘officially valid document’ (OVD)
Aadhar Card
Pan Card
NREGA Job Card
Driving License
Passport
The amount loaded in wallet during any month shall not exceed ₹10,000 and the total amount loaded during the financial year shall not exceed ₹1,20,000
The wallet balance at any point of time in the wallet shall not exceed ₹10,000
Cash withdrawal or funds transfer from the wallet will not be permitted
The closure proceeds can be transferred ‘back to source account’ (payment source from where the PPI was loaded).
In order to convert to Full KYC, please do the following:
Branch: Submit your KYC at ICICI Bank branches
- Complete KYC verification of your FASTag account through a video call. For more details, please visit: Benefits and Features in the link: FASTag - Uses and Benefits of FASTag - ICICI Bank
Full KYC PPIs
Full KYC benefits will be given after completion of KYC by customer
The amount outstanding shall not exceed ₹1,00,000/- at any point of time. The current limit allowed for this instrument is ₹1,00,000
The closure proceeds can be transferred ‘back to source account’ (payment source from where the PPI was loaded).
Documents that can be accepted for Full KYC
Individual customers
Aadhar
Pan Card
NREGA Job Card
Driving Licence
Passport
Application form
Corporate customers
GSTIN
Incorporation certificate
Partnership Deed
UDYAM Certificate
List of Partners/Directors
Company PAN
Photo ID and address proof of AS/BO
Application form