Follow us
RBI enables e-mandate for auto replenishment of FASTag and NCMC: PTI
The present e-mandate needs a pre-debit notification a day in advance, prior to the actual debit from the customer's account.
2032 Views
The Reserve Bank of India has amended its e-mandate framework and enabled auto replenishment of FASTag and the National Common Mobility Card, PTI reported.
The present e-mandate needs a pre-debit notification a day in advance, prior to the actual debit from the customer's account, PTI noted.
In June, the Reserve Bank of India had noted that auto replenishment of balances in FASTag and NCMC that are recurring in nature but do not have any fixed periodicity, would be facilitated in the e-mandate framework. The same has been noted in an RBI circular.
RELATED ARTICLES
CEAT to Invest ₹1,205 Crore to Expand Two-Wheeler Tyre Capacity by 66%
Darshan Nakhwa
16 Jul 2026
The proposed expansion will increase the company’s two-wheeler tyre capacity to about 1.33 lakh units a day from the cur...
Gabriel Targets Over 60% Localisation In Sunroof Biz, Eyes More Indian OEMs
Darshan Nakhwa
16 Jul 2026
Localisation in the auto component maker’s sunroof business currently stands at around 30%. It has commissioned a second...
ARAI Certifies Maruti Suzuki Wind Tunnel for WLTP Testing
Autocar Professional Bureau
16 Jul 2026
The Automotive Research Association of India issues a formal conformity certificate under the upcoming nationwide light ...
