News > FASTag, NCMC to be automatically replenished without pre-debit notification

FASTag, NCMC to be automatically replenished without pre-debit notification

23/08/2024 10:24 AM | Click to read full article

The current e-mandate framework requires a pre-debit notification, as and when the balance falls below a threshold set by the customer, at least a 24-hours before the actual debit from the customer's account. In June, the RBI announced, in a circular, that auto-replenishment of balances in FASTag and NCMC, which are recurring in nature but without any fixed periodicity, would be facilitated under the e-mandate framework.

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