This inclusion is expected to make it more convenient for customers when their cards stay recharged.
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This inclusion is expected to make it more convenient for customers when their cards stay recharged.
The Reserve Bank of India (RBI) has updated its e-mandate framework to include auto-replenishment for FASTag and the National Common Mobility Card (NCMC). This change aims to make these services more convenient for users.
Under the new rules, customers can set a minimum balance threshold for their FASTag and NCMC accounts. When the balance drops below this level, it will automatically refill. Unlike other e-mandate transactions, these auto-replenishments won't require pre-debit notifications. This update addresses the irregular nature of FASTag and NCMC transactions. It eliminates the need for users to manually top up their accounts or receive advance notifications for each replenishment.
The RBI's decision follows an earlier announcement in June about supporting these auto-replenishments. It's part of a broader effort to streamline digital payments and improve user experience in India's transportation sector.
The auto-replenishment feature is expected to roll out soon. Users should check with their banks or service providers for specific details on how to set up this feature for their accounts. The move should be all the more convenient for travelers, and further reduce the chances of unnecessarily having to pay double the toll tax.
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