Your bank account will be automatically debited to replenish FASTag balance
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The Reserve Bank of India (RBI) has updated its electronic mandate (e-mandate) framework on Thursday to allow automatic replenishment for FASTag and the National Common Mobility Card (NCMC).
Under the existing e-mandate system, customers receive a pre-debit notification at least 24 hours before any debit is made from their accounts. However, recognizing the recurring yet irregular nature of FASTag and NCMC transactions, the RBI announced in June that these auto-replenishments would now be supported within the e-mandate framework.
According to an RBI circular, “It has been decided to include auto-replenishment of FASTag and NCMC, as and when the balance falls below a threshold set by the customer, under the e-mandate framework.”