How to get e-rupi? What is e rupi and where to use? List of banks that are live with e-RUPI
The Prime Minister Narendra Modi launched a new cashless payment solution, which will operate based on e-vouchers calls “e-rupi”. The system has been developed by the National Payments Corporation of India (NCPI) in collaboration with the department of Financial Services, National Health Authority, Health ministry and Family Welfare (MoHFW), and partner banks.
What is e rupi?
Even if a person does not have a smart phone or a bank account, they can use e-RUPI vouchers. e-RUPI vouchers will be shared with the beneficiaries by organizations or Government via SMS or QR code. The e-vouchers will share directly to the beneficiaries mobile phones. These e-vouchers will be person and purpose-specific. For example, if you have an e-RUPI voucher for Covid-19 vaccine, then it has to be redeemed for vaccines only.
Benefits of e rupi
- Corporates can issue these vouchers for their employees.
- Quick, safe & contactless voucher distribution.
- These vouchers will be used mostly for health-related payments.
- Easy & Secure – Voucher is authorized via a verification perscode.
- The person who is buying the vouchers and issuing them to others can track the utilisation of the vouchers.
- Beneficiary doesn’t need to share personal details while redemption hence privacy is maintained.
List of banks that are live with e-RUPI
- State Bank of India
- HDFC Bank
- Axis Bank
- National Bank
- Bank of Baroda
- Canara Bank
- IndusInd Bank
- ICICI Bank
- Kodak Bank
- Punjab National Bank
- Indian Bank
Where to use e-Rupee
The e-rupi services also be used to obtain medicines and diagnostics services under schemes such as Maternal and Child Welfare Schemes, TB Eradication Programs and AYUSHMAN BHARAT Pradhan Mantri Jan Arogya Yojana and to provide services related to nutrition support schemes. The e-rupee system can also be used for fertilizer subsidy etc.