e-RUPI Benefits | e RUPI Features & Working Process | Download E-RUPI Mobile Application | e-RUPI Digital Payment: Check Benefits, Working & Download e Rupi App
The honorable Prime Minister of India Mr. Narendra Modi has launched digital initiatives from time to time. Over the last few years, kind of digital revolution has happened in India. The citizens have become more aware of the digital modes of payments which have improved the standard of living. Today through this article we are going to tell you about the e-RUPI Digital Payment platform.
This platform is an instrument through which its users can make digital payments. By reading this article you will get to know complete details of this payment mechanism like its objective, benefits, working, download procedure, etc. So, if you want to get complete details regarding the e-RUPI digital payment platform then you have to go through this article very carefully till the end.
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| e-RUPI Digital Payment: Check Benefits, Working & Download e Rupi App |
➡ What
is e-RUPI?
On 2 August 2021, the Prime Minister of India Mr. Narendra Modi is going to launch digital payment platform called e-RUPI Digital Platform. This platform is cashless and contactless instrument that will be used for making digital payments. It is QR code or SMS string-based e-voucher which will be delivered to the mobile of the users. The users will be able to redeem this voucher without any digital payment app, internet banking, or card.
This digital
payment platform has been developed by the national payment corporation of
India on its UPI platform. The collaborating partners are the Department of
Financial Services, the Ministry of health and family welfare, and the national
health authority. This initiative will connect the sponsor of services with the
beneficiaries and service providers. The connection will hold digitally without
any kind of physical interface.
➡ Limit Of e-RUPI Voucher Enhanced
The Central Bank of India has raised the limit of e-RUPI Digital vouchers that are issued by the government, to pave the way to transfer more benefits to the public. The Reserve Bank of India is going to increase the maximum limit of e-RUPI vouchers from Rs 10000 to Rs 1 lakh. Multiple uses of single vouchers can also be done till the balance is exhausted.
Earlier e-RUPI was only one-time voucher. This voucher was
launched in August last year. This voucher works on the unified payment
interface platform of the national payment corporation of India. e-RUPI
vouchers are largely being issued by the government for covid-19 vaccination. Various
other cases are being actively considered by various State governments and
Central governments. 16 banks are issuing this voucher while 8 banks are
acquirers of e-RUPI
➡ Key Highlights Of e-RUPI Digital Payment
|
Name Of the Article |
e-RUPI Digital Payment |
|
Launched By |
Government Of India |
|
Beneficiary |
Citizens Of India |
|
Objective |
To Provide Cashless and Contactless Instrument for
Making Digital Payments |
|
Official Website |
https://www.npci.org.in/ |
|
Year |
2022 |
➡ Uses Of e-RUPI Digital Payment Platform
With the help of the e-RUPI platform, the payment of the service provider will be made only after the completion of transaction. This payment platform will be prepaid in nature which does not require any kind of intermediary to make payment of the service provider.
Other than that, this platform can also be used for delivering services under schemes that are meant for providing drugs and nutritional support like mother and child welfare scheme, TB eradication program, drug and diagnostic under scheme like Ayushmann Bharat Pradhan Mantri Jan Arogya Yojana, fertilizer subsidies, etc.
The private sector can also
leverage these digital vouchers for their employee welfare and corporate social
responsibility programs. Leak-proof revolutionary delivery of welfare services
will be ensured through this initiative.
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| e-RUPI Digital Payment: Check Benefits, Working & Download e Rupi App |
➡ Voucher Issuing Procedure
The e-RUPI digital payment system has been developed by the National Payment Corporation of India on its UPI platform. The national payment corporation of India has boarded banks that will be the issuing authority of the voucher. The corporate or government agency is required to approach the partner bank (private and public sector lenders) along with the details of the specific person and purpose for which the payment is required to be made.
The identification of beneficiaries will be done by using
their mobile number voucher allocated by the bank. This platform will be our
revolutionary digital initiative which will improve the standard of living and
make the procedure of payment simple.
➡ About National Payment Corporation of India
National Payment Corporation of India is an organization that is responsible for operating retail payments and settlement systems in India. This organization has been started by the Reserve Bank of India and the Indian banks’ association. This organization works under the provision of payment and settlement systems act 2017 to create robust payment and settlement infrastructure in India.
National Payment Corporation of India is non-profit
organization that works under the provision of section 8 of the companies act
2013. NPCI is also responsible for maintaining the infrastructure for the
banking system in India for physical and electronic payment and settlement
systems through the use of technology.
This organization focuses on bringing innovation to the payment
system by introducing technology. The promoter banks of NPCI are State bank of
India, Punjab national bank, Bank of Baroda, Canara Bank, Union Bank of India,
Bank of India, ICICI bank, HDFC bank, Citibank, and HSBC.
➡ Launching Of e-RUPI Digital Payment Platform
The e-RUPI digital platform was launched on 2nd August 2021 through video conferencing. In this video conferencing Prime Minister Mr. Narendra Modi has launched e-RUPI. On the occasion of launching this payment platform, the chief executive chairman of the National health authority has also provided highlights of this platform along with the Prime Minister.
The first-time use of E-RUPI digital payment has been shown in private vaccination center of Mumbai on the occasion of launching this platform.
➡ Objective Of e-RUPI Digital Payment
The main objective of the e-RUPI digital payment platform is to provide cashless and contactless payment system so that citizens can make digital payments without any kind of difficulty. With the help of this payment platform, users can securely make payments. This payment platform uses QR code or SMS string-based e-voucher which will be delivered to the mobile of the beneficiary.
E-RUPI digital payment platform ensures the timely payment of the services without the involvement of an intermediary. Users are not required to carry any cards or digital payment apps or have internet banking access to make payments which will make the payment process simple and secure
➡ List Of Banks That Are Live With e-RUPI
|
Name of Banks |
Issuer |
Acquirer |
Acquiring App |
|
Union Bank of India |
Yes |
No |
NA |
|
State bank of India |
Yes |
Yes |
YONO SBI Merchant |
|
Punjab national bank |
Yes |
Yes |
PNB Merchant Pay |
|
Kotak bank |
Yes |
No |
NA |
|
Indian bank |
Yes |
No |
NA |
|
IndusInd bank |
Yes |
No |
NA |
|
ICICI bank |
Yes |
Yes |
Bharat Pe and Pine Labs |
|
HDFC bank |
Yes |
Yes |
HDFC Business App |
|
Canara bank |
Yes |
No |
NA |
|
Bank of Baroda |
Yes |
Yes |
BHIM Baroda Merchant Pay |
|
Axis bank |
Yes |
Yes |
Bharat Pe |
➡ Features Of e-RUPI Digital Payment
·
The honorable Prime Minister of India Mr. Narendra Modi is going
to launch digital payment platform called e-RUPI digital platform on 2 August
2021
·
This platform will be cashless and contactless instrument
·
Through this system users can make digital payments through QR
code or SMS string-based e-voucher
·
This voucher will deliver to the mobile of the users
·
Users can redeem this voucher without any payment app, internet
banking, or card
·
The national payment corporation of India has developed e Rupi
Digital Payment service on its UPI platform.
·
The collaborating partners are the Department of financial
services, Ministry of health and family welfare, and national health authority
·
Through this initiative the sponsor of services will be
connected with the beneficiaries and service providers. This connection will be
held digitally without any kind of physical interface
·
Through this platform the payment to the service provider will
be made after the completion of transaction
·
This payment platform is prepaid in nature
·
e-RUPI does not require any kind of service provider to make
payment
·
This platform can also be used for providing services under
schemes that are meant for providing drugs and nutritional support.
➡ Benefits Of e-RUPI
|
Benefits for Consumers |
Payment processes are contactless only have to
follow two-step redemption process need to have any kind of digital payment
app or bank account consumer is not required to share his or her details to
maintain privacy |
|
Benefits for Hospitals |
The voucher is prepaid hence the payment
process is completely secure voucher can be redeemed in few steps hospitals
are not required to handle cash hence hassle-free and contactless payments
can be ensured voucher is authorized through verification code which makes
the payment process easy and secure |
|
Benefits for Corporates |
The well-being of employees can be enabled by
the corporate voucher distribution quick, safe, and the contactless issuer
can track the voucher redemption leads to cost reduction because the
transactions are digital and don’t require any physical issuance |
➡ Other Services Provided By NPCI
National Payment Corporation of India is responsible for
operating retail payment and settlement systems in India. The national payment
corporation is offering the following type of services to the citizen of India:
-
✏ Unified payment interface (UPI)
Through this feature, the multiple bank accounts of person can
merge into single mobile application.
✏ Rupee and Payment (RuPay)
It is domestic card payment network of India that accept at
ATMs, POS devices, and e-commerce websites throughout the country. It is secure network that protects the users against anti-phishing
✏ Bharat Interface For Money (BHIM)
BHIM is an app through which you can make simple, easy, and
quick payments and transactions by using your unified payment interface.
Instant bank to bank payments can make through BHIM and the user can also
collect money using just mobile number or virtual payment address
✏ National Automated Clearing House (NACH)
Through NACH interbank high-volume electronic transactions which are repetitive and periodic are facilitated. This platform is used by banks, financial institutions, corporations, and the government
✏ Immediate Payment Service (IMPS)
Through IMPS 24×7 interbank electronic fund transfer ensures
through multiple channels like mobile, internet, ATM, SMS, etc. It is robust
and real-time fund transfer system that transfers the fund instantly within
banks across the country. IMPS is safe and economical.
✏ National Electronic Toll Collection (NETC)
to meet the electronic tolling requirement of the Indian market,
the National Payment Corporation of India has developed national electronic
toll collection. Through this platform nationwide toll payment solution offer
which includes clearinghouse service for settlement and dispute management
✏ BHIM Aadhaar
through BHIM Aadhaar merchants are unable to receive digital
payments from the customers. This platform works through Aadhaar authentication.
Through this platform, merchants accept payment from customers of banks by
authenticating their biometrics
✏ Aadhaar Enabled Payment System (AePS)
AePS Is the online interoperable financial inclusion transaction
that is done at POS through the business correspondent of the bank by using
Aadhaar authentication. You can do six types of transactions through this
platform. Customers require to input only bank name, Aadhaar number, and
fingerprint captured during enrolment to make payment
✏ National Financial Switch (NFS)
It is network that has 37 members and connects 50,000 ATMs.
This platform establishes strong and sustainable operational models having
in-house capabilities. The operational functions and services in national
financials switch are at par with other global ATM networks.
✏ Cheque Truncation System (CTS)
It is process of clearing cheques electronically rather than processing the cheque physically. This process takes place by presenting bank en-route to the paying bank branch. National Payment Corporation of India is responsible for Managing this platform. This system is also going to save lot of time.
➡ Highlights Provided by The Chief Executive Chairman Of National Health Authority
The chief executive chairman of the National health authority has appreciated the e-RUPI initiative which has been launched under the Digital India mission. He has highlighted the fact that this payment platform is as important as BHIM UPI. .
This platform is person and purpose-specific
instrument which is based on the architecture of UPI. He has also highlighted
the purpose-specific nature of this instrument. As of now the government or
other institutions are not required to give money for various types of
benefits. In place of money, they can issue this voucher and the beneficiary
can be able to only use this voucher for the purpose it has been issued.
·
This platform is real-time and paperless. Health, nutrition,
education, etc departments will be able to take advantage of this platform.
Along with that, it can be used for the national Digital Swasthya mission. This
voucher is recognized by the Reserve Bank of India.
·
Through this platform, direct fund transfers can be made to the
service provider. This voucher can use only one time.
➡ Highlights Provided by Honourable Prime Minister Narendra Modi
·
On the occasion of launching the e-RUPI platform the honorable
prime minister of India has highlighted various benefits of this platform.
·
He has highlighted the fact that this initiative is step
towards digital governance.
·
With the help of this platform digital transactions can be made
easily and this platform will play major role in making digital payments
effective.
·
This voucher will help in making transactions in targeted,
transparent, and leakage-free manner.
·
The Prime Minister has also highlighted the fact that India is
moving ahead with the help of digital technology.
·
The standard of living of citizens is improving and technology
is playing major role in the lives of citizens of India.
·
He has also expressed his gratitude that this initiative is
being launched when the nation is celebrating Amrit Mahotsav on 75th Independence
Day.
·
This voucher can not only be used by the government but NGOs can
also provide this voucher in place of cash if they want to help someone in
education, health, etc.
·
This initiative will ensure that money provided to beneficiaries
is used for the same purpose.
·
In the initial phase of this scheme only health sector benefits
will cover.
·
The prime Minister has given various examples of using this voucher-like
in vaccination drives, old age homes, for hospitals, etc.
·
This voucher is person and purpose-specific.
·
Only the person for whom this voucher has been issued can use
it.
·
He has also highlighted the importance of technology.
·
The banks and payment gateways have played major role in
launching this platform.
·
Many private hospitals, corporates, businesses, NGOs, and other
institutions have shown their interest in the e-RUPI platform.
➡ View List of Live Hospitals On e-RUPI
·
First of all, go to the official website of the national payment
Corporation of India
·
The home page will open before you
·
On the homepage click on what we do Option
·
Now you have to click on UPI
·
After that you have to click on e-RUPI live partners
·
After that you have to click on Live Hospitals on e-RUPI
·
PDF file will appear before you
·
In this PDF file you can view list of live hospitals on
e-RUPI.
➡ Download e-RUPI Digital Payment Mobile App
·
First of all, open Google play store or Apple App Store on your
mobile phone
·
Now in the search box you have to enter e-RUPI Digital payment
·
After that you have to click on the search
·
list of apps will display before you
·
You have to click on the first option
·
After that you have to click on install
·
e-RUPI digital payment mobile app will download to your device
➡ Procedure To Redeem e-RUPI Voucher
·
The beneficiary has to show the e-RUPI QR code or SMS at
the service provider outlet
·
The salesperson requires to scan this QR code or SMS
·
Now an OTP will receive through the beneficiary
·
The beneficiary has to share this OTP with the service provider
·
Service provider has to enter this OTP into the OTP box
·
Now service provider has to click on proceed
·
Payment will make to the service provider
➡ Contact The Department
·
Visit the official website of the national payment’s corporation of India
·
The homepage will open before you
·
On the homepage click on get in touch Option
·
Now new page will appear before you
·
On this new page you have to enter the following details: -
·
Name
·
Email ID
·
Contact
·
Subject
·
Description
·
Captcha code
·
After that click on submit button
·
By following this procedure, you can contact the department
➡ View Contact Details of Offices Of NPCI
·
Go to the official website of the national payment’s corporation
of India
·
The homepage will open before you
·
Now you have to click on the get in touch option.
· new page will open before you.
·
You have to scroll down
·
At the bottom of the page, you can view the details of offices
of NPCI
➡ Helpline Number
Through this article, we have provided you with all the
important details regarding e-RUPI digital payment. If
you are still facing any kind of problem then you can contact the department
through its helpline number to solve your problem. The helpline number is
18001201740.
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