Automatic Recharge Feature for FASTag Wallets Image Credit source: X/IMHCL/Freepik
Introduction
Many drivers often forget to recharge their FASTag wallets, leading to inconveniences such as paying double toll fees at toll plazas. However, this issue is now resolved as the Reserve Bank of India (RBI) has introduced a solution. With the latest update, funds will be automatically added to your FASTag wallet when the balance falls below a specified threshold, eliminating the need for manual recharges.
New RBI Initiative for Hassle-Free Transactions
As part of the recent changes, FASTag and the National Common Mobility Card (NCMC) have been integrated into the e-Mandate framework. This advancement allows for automatic fund replenishment, sparing users from the hassle of frequent manual top-ups. The RBI’s modification to the e-Mandate framework permits automatic crediting of funds into FASTag and NCMC wallets, thereby ensuring a smoother payment process for users.
What is FASTag?
FASTag is a technology-based sticker or tag affixed to the windshield of vehicles. It uses Radio Frequency Identification (RFID) technology, which enables the toll plaza cameras to scan the barcode of the sticker and automatically deduct the toll fee from the FASTag wallet. This system allows drivers to pass through toll booths without stopping for toll payments, thereby saving time and ensuring a seamless travel experience.
Understanding the e-Mandate Framework
The e-Mandate framework was introduced in 2019 with the aim of enhancing customer security and providing notifications for debits in customer accounts. Under this framework, it is mandatory to inform customers at least 24 hours before any money is deducted from their accounts. The e-Mandate system facilitates electronic authorization for periodic payments—whether daily, weekly, or monthly—allowing for automatic deductions based on user-defined intervals. Users need to grant permission for the automatic deductions through a one-time e-Mandate setup.
Benefits of Automatic FASTag Recharge
| Benefit | Description |
|---|---|
| Convenience | Users no longer need to remember to manually recharge their FASTag wallets. |
| Cost-Effectiveness | Avoid double toll charges due to a low wallet balance. |
| Efficiency | Automatic recharges ensure a smooth transit through toll plazas without interruptions. |
| Enhanced Security | The e-Mandate framework provides customers with enhanced security and notification before deductions. |
Conclusion
The RBI’s initiative to introduce automatic recharges for FASTag wallets marks a significant step forward in facilitating seamless travel for vehicle users. With the integration of the e-Mandate framework, FASTag users can enjoy hassle-free toll payments without the fear of low balances. This not only saves time and ensures a smoother journey but also offers peace of mind knowing that your toll payments will be taken care of automatically. As a result, commuters can focus on their travels rather than the paperwork and processes related to toll management.
