The Reserve Bank of India has made a big change in the rules related to Fastag . RBI has updated its e-mandate framework and approved the facility of automatic deposit of money in FASTag and National Common Mobility Card. Now you will not need to recharge these cards again and again.
This means that now when the money in your FASTag or NCMC is about to end, your bank account will automatically transfer the money from the account linked to it. You will not need to go to the bank or login to the online portal to recharge FASTag again and again. This facility will be very useful for those who often pass through the toll plaza with their vehicle.
What will be the impact on common people?
- Time saving: Time spent in recharging will be saved.
- Convenience: Now you will not have to worry about your recharge getting over.
- Less hassle: The recharge process will be completely automated.
How will this facility work?
- You can activate this facility by contacting your bank or Fastag service provider.
- You can decide the recharge amount and time period as per your convenience.
- When there is less money in your card, your bank account will automatically recharge it.
Why is this decision important?
This decision of RBI is a big relief for people using Fastag and NCMC. This decision will help in promoting digital payment. This will also make it easier to pay toll tax (Toll tax rules) through Fastag. This will not only save time but will also make it more convenient for common people to pass through the highway.
