RuPay Card and its Benefits:

Amazing Benefits Of RuPay Debit Cards,Credit Cards Payments:

1.Lower cost and affordability:

Since the process of transaction is going through domestically,it leads to lower cost of clearing and settlement on each transaction.This is how it makes the transaction cost is very affordable to all card holders.

2.Customized product offering:

Being a domestic scheme RuPay is customized to the improvisation of the customized products  and service offering to the consumers.

3.Customer's information protection:

Information related to consumers remain protected as all the transactions and all the data related to customers reside in India.

4.Inter probability between payment channels and products:

RuPay card make sure the complete inter-probability between various payment channels and products.NPCI(National Payments Corporation of India) offers various solutions across platforms including ATM,mobile technologies,cheques etc and is well placed in the nurturing RuPay cards across these platforms.

5.Electronic product options to untapped/unexplored consumers segment:

There are under penetrated an unexplored consumers segment in some rural areas that do not have any access to any banking and financial services yet.Right pricing of RuPay products make the card economically very feasible to banks that offers to their customers.

6.Issuing Banks:

At present RuPay card has collaborated with almost 600 international,regional and local banks across the country.Its 10 core promoter banks are State Bank of India,Punjab National Bank,Canara Bank,HDFC Bank,Bank of Baroda,Union Bank of India,Bank Of India,ICICI Bank.Citbank N.A.HSBC.It also tries to expand its shareholding to gather all others to bring them under its umbrella.

7.Accidental insurance for RuPay ATM cardholders:

All Rupay ATM-cum-Debit cardholders are nw completely eligible for accidental death and permanent disability insurance cover.RuPay classic cardholders are eligible for cover Rs.1 lakh ,whereas the RuPay premium cardholders are eligible to receive Rs.2 lakh. Insurance prmium is paid by National Payments Corporation of India.