RBI updated the e-mandate framework, money will be automatically added when FASTag balance is low

The Reserve Bank of India has come up with an update regarding FASTag. RBI has decided to include FASTag and the National Common Mobility Card in the e-mandate. After this, now if people's FASTag balance goes below the set limit, money will be automatically added to it. You can also understand it in this way—when the balance falls below the limit set by the customer—the e-mandate shall automatically replenish FASTag and NCMC.

After including FASTag and NCMC in the e-mandate framework of RBI, customers will not face the problem of frequently charging up the FASTag. Even if the balance in your FASTag is not low, the vehicle will smoothly pass through the toll plaza without stopping. Your vehicle can get out of there easily. These services may be of value to you at any time for the use of FASTag. Therefore, money will be credited to the account without any fixed limit.

E-Mandate Electronic payment for fixed time-period facilities, such as one day, one week, one month, etc. The amount is automatically deducted from the customer's account at a fixed time. Under this, features and related platforms are incorporated in which there is no fixed time for payment, and payment is done when there is less amount in the deposit. This service is undertaken by RBI as well as is an internet-based digital payment service. It began in the year 2020.

It is a kind of tag or sticker. It is attached on the windscreen of the vehicle. This FASTag works on Radio Frequency Identification or RFID technology. This sticker has a bar code which is read by the cameras installed at the toll plaza. There, the toll fee is automatically deducted from the Fastag wallet. Validity: A FASTag sticker, once bought, is valid for 5 years, meaning you need to replace it or extend it upon the completion of 5 years.