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RuPay Debit Card are used 24 x 7 for Online Shopping Transactions, Online payments, ATM Transactions, etc.
Benefits of RuPay Debit Card:
-Since they are backed by the Government of India, RuPay debit cards also come with high transaction and withdrawal limits. These can offer a great deal of flexibility for several transactions to RuPay customers.
-The cost of transaction involved with RuPay cards is very low as compared to the other debit card alternatives such as Visa and MasterCard. The reason is that the entire transaction process takes place within the country.
-The government has made RuPay debit to people residing in the rural India.
--RuPay cards are offered by several banks in the public and private sectors as well as many rural and co-operative banks.
-All information pertaining to consumers, including consumer data and transactions remains protected. Such data is not shared outside India.
-RuPay card holders can receive SMS alerts and notifications to their registered mobile number for every transaction.
Features and Benefits of RuPay Card
RuPay – a product of National Payments Corporation of India (NPCI):
RuPay is a product of NPCI, the umbrella organisation that powers retail payments in the country. The provision under the Payment and Settlement Systems Act, 2007, empowered the Reserve Bank of India (RBI) and Indian Banks’ Association (IBA) to create a secure electronic payment and settlement system in India.
The nature of NPCI’s initiatives and objectives includes it under the “Not for Profit Company” under the provisions of Section 25 of the Companies Act 1956 and more recently under the Section 8 of the Companies Act 2013. This was an initiative to build the necessary banking infrastructure required to propel India towards a ‘less cash’ economy. NPCI recognises the need for tech-driven innovations in the retail payments system to drive operational efficiencies among a larger Indian audience.
For more details click here : Download User guideline for Rupay Debit Card:
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