Posted inTrends

RBI Bans Pre-Debit Notifications for FASTag & NCMC Auto-Replenishment

RBI New Rule on FASTag Recharge: The Reserve Bank of India has implemented a new rule that prohibits all banks from issuing pre-debit notifications for the auto-replenishment of certain services, including FASTag and National Common Mobility Card (NCMC). In addition, RBI has included FASTag and the National Common Mobility Card (NCMC) in the e-mandate framework. […]