THINGS TO KNOW ABOUT RUPAY CARDS

Essentially, RuPay Card is an Indian translation of the debit or credit card. It is quite similar to many international cards like Visa and MasterCard. National Payments Corporation of India (NPCI) marked the beginning of RuPay cards in India.

RuPay Cards were introduced to make banking simpler and at a single click. A faster version can simplify the entire process into microseconds. However, this is available to people who hold bank accounts under the Pradhan Mantri Jan Dhan Yojana. All people under varied levels of society can apply for Rupay cards. This can be easily used with simple merger of the payment systems.  

The highlighted points below must be noted about Rupay cards for later use:

1. NPCI (National Payment Corporation of India) introduced this easy card for individuals with the motive of collaboration of the payment systems in the country.
2. It is easily issued by all large scale public banks to open Pradhan Mantri Jan Dhan Yojna. Rupay debit cards can be easily made available to all bank customers. Banks like SBi have taken lead.
3. Rupay cards are quite handy like other cards which help with facilities like electronic payment at all Indian banks, ATMs, POSs and websites.
4. The Rupay card comes with high end technology called EMV, especially big transactions and has embedded microprocessor circuit in the process. This microprocessor captures all the cardholder information.
5. The transaction and processing costs are low on RuPay cards due to the domestic base to it.  The processing course takes places within the country boundaries.

USPs of RuPay Cards

RuPay cards are available across the country at all eligible ATMs. The same card can be withdrawn anywhere, whenever you need. All cards are similarly operational at POS terminals. All cashless payments can be done using Rupay cards while making a purchase.

The NPCI (National Payment Corporation of India) is the sole caretaker of any and every issue arising from Rupay cards. The purpose behind Rupay cards can noted as convenience and ease of transaction.

This card is available to all sections of the society making it “one for all” types.  All the related risks are communicated well in advance to the account holder. Also, information pertains to how to use it and make it safe. 

Benefits of Using a RuPay Card

• A RuPay Card provides speedy banking transactions, without any failure. This is however, limited to domestic transactions alone.
• RuPay cards offer low transaction and processing cost. This is beneficial for both the bank and customer. Charges are also quite nominal to ease it out for the customers.
• The card allows the customers to procure a card at all times and places. This card has lots of services at offer.
• Also, the card can be used at over 8.75 lakhs POS terminals, 1 .45 lakhs ATMs, and 10000 e-commerce websites.
• An accidental insurance upto 1 lac is available without any extra cost.  

Is Rupay Safe? 

Safety of your RuPay card is quite significant to enjoy its benefits. Timely change your PIN numbers. Just ensure to keep your PIN as private as possible to avoid future mishaps. If these small measures are taken care of, then you're RuPay is super secure too!