Types and features of FASTag prepaid wallets

Small PPIs; - PPIs upto Rs.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 Rs. 10,000 and the total amount loaded during the financial year shall not exceed Rs. 1,20,000

• The wallet balance at any point of time in the wallet shall not exceed Rs. 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 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 Rs.1,00,000/- at any point of time. The current limit allowed for this instrument is Rs.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