The Reserve Bank of India on Thursday updated its e-mandate rules to allow automatic top-ups for FASTag and National Common Mobility Card (NCMC) accounts. Previously, these accounts needed a 24-hour advance notice before any debit. Now, auto-replenishment will be permitted as soon as the balance drops below a customer-set level, without needing the advance notice. This change, announced in June, means you won’t have to wait for a pre-debit alert for these recurring payments.
“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. Payments for auto-replenishment, since they are recurring in nature but without any fixed periodicity, will be exempt from the requirement of pre-debit notification,” the RBI said in a circular.
In June, the RBI introduced this new rule allowing automatic top-ups for FASTag and National Common Mobility Card (NCMC) balances. These top-ups, which occur on a recurring basis but without a set schedule, will now be managed under the e-mandate framework. This update aims to simplify the process and ensure that balances are replenished smoothly when they fall below the threshold.
