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      e-RUPI Launch in India By PM | What is e-RUPI | How to Use e-RUPI | Details Inside

      Central government launch a new digital payment mode e-RUPI. The e-RUPI digital voucher to ensure that government’s monetary benefits directly reach citizens in a ‘leak-proof’ manner.

      Prime Minister Narendra Modi launch e-RUPI a person and purpose specific digital payment solution on via video conferencing.

      WATCH VIDEO

      What is e-RUPI?

      By this new payment system the beneficiaries will get an electronic voucher or coupon that can be use without online banking, payment applications and other traditional payment modes.

      In a simple words a e-RUPI the new digital payment mode is a QR code or SMS string-base e-voucher.

      The digital coupons have been develop by the National Payments Corporation of India in collaboration with the department of financial services, ministry of health and family welfare and national health authority.

      How e-RUPI Digital Payment Work?

      Government will send the voucher directly to the mobile number of the beneficiaries, instead of putting the cash in bank accounts.

      The mobile number and identity of the citizen will be verify first before sending the e-RUPI coupons.

      e-RUPI connects the sponsors of the services with the beneficiaries and service providers in a digital manner without any physical interface.

      What are the Benefits of e-RUPI Digital Payment?

      The e-RUPI payment mode is not relates to any app or mobile banking.

      So anyone with any phone can access these electronic coupons.

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      The user can redeem the SMS voucher at the service provider.

      The payment to the provider will process only when the transaction is complete.

      The prepaid nature of this payment ensures timely payment to the service provider without involvement of any intermediary.

      Where e-RUPI Digital Payment will be Use?

      Center Government wants to use e-RUPI payment mode to deliver the financial benefits under Direct Benefit Transfer (DBT) schemes such as providing drugs and nutritional support under mother and child welfare schemes, TB eradication programmes, drugs & diagnostics under schemes like Ayushman Bharat Pradhan Mantri Jan Arogya Yojana, fertilizer subsidies etc.

      The private sector can also use e-RUPI digital vouchers as part of their employee welfare and corporate social responsibility programmes.

      List of Banks Using e-RUPI Digital Payment

      As of now there are 11 public and private sector banks that support this new digital payment mode.

      • State Bank of India,
      • ICICI Bank,
      • HDFC Bank,
      • Punjab National Bank,
      • Axis Bank,
      • Bank of Baroda.

      These bank fully support e-RUPI vouchers.

      Both issuance and redemption of e-RUPI coupons are available at these banks.

      • Canara Bank,
      • InsusInd Bank,
      • Indian Bank,
      • Kotak Mahindra Bank,
      • Union Bank of India.

      These banks can only issue e-RUPI coupons.

      Reedeming digital vouhcer option is not available at these banks.

      Government Said :

      “The concept of electronic voucher takes forward this vision of Good Governance. It is expected to be a revolutionary initiative in the direction of ensuring a leak-proof delivery of welfare services,”

      THANK YOU FOR READING.

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