Opt for RuPày, Lets make India better

Opt for RuPày, Lets make India better

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Score: 3 Votes: 5

Vote down Reasons

  • Product not good/not worth the price : 1
Score: 3 Votes: 5

Vote down Reasons

  • Product not good/not worth the price : 1
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Deal Cadet
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Dear Friends,
This is the time where Indians are shifting from cash transaction to electronic transaction. Whenever we use a debit card or credit card, do you know that there is a transaction fee associated with it? In most cases you may not be charged but the merchant will be charged. Let us understand what this is for. First of all, no banks or any entities provide any sought of financial networks. It’s all provided by international companies namely VISA, MasterCard, American Express etc. For example, when you get an ATM card with VISA label on that from the issuing bank, the bank provides you the facility to use the visa network. For that the bank has to pay a nominal fee to VISA for every transaction. The bank will get this back from the merchant. So each transaction makes these foreign companies rich.
Now let us see about the RuPay technology introduced by NPCI (National Payment Corporation of India) under the guidelines of RBI (Reserve Bank of India). RuPay is a similar network as VISA, MasterCard etc. This is managed by Reserve Bank of India. All most all public sector and private banks have started to give RuPay based cards to their customers. RuPay cards got a major boost through the Pradhan Mantri Jan Dhan Yojana as RuPay cards were issued to all Jan Dhan accounts.
The advantages are lot. The main advantage is the transaction charges. Charges are very minimal. While Visa / MasterCard / Amex cards creates a transaction fee of about 1.9% of the total amount, RuPay will charge only 0.01%. Secondly, these charges in turn go to the Reserve Bank Itself. Third and the most important – All the transactional data lies in the Indian Servers. The good news is that NPCI is trying to make it international, which means foreign banks will start using RuPay cards. You can get more information about RuPay from https://en.wikipedia.org/wiki...ay
Next time when you apply or renew a card, opt for RuPay card. Let’s make India better.
Please forward this information to all your friends.
#BetterBharat

P.s- I got this info on whatsapp

10 Comments  |  
9 Dimers
Dd
Deal Cadet
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First government should work on it and made it acceptable everywhere and all banks should start giving Rupay cards and should make it more convenient to use because as of now every bank have his own rules of how to use Rupay card online.

Tejaa
Entertainer
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This Is like : Do not purchase xiaomi phones, use only videocon phones https://cdn2.desidime.com/assets/textile-editor/icon_wink.gif

Boom
Deal Subedar
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Tejaa wrote:

This Is like : Do not purchase xiaomi phones, use only videocon phones https://cdn2.desidime.com/assets/textile-editor/icon_wink.gif

Lemon mobile

ad bot
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Ad Bot

I found this sponsored content on one of the ad networks.

Blackberry logo2
Deal Subedar
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Make India Great Again.

Blackberry logo2
Deal Subedar
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Tejaa wrote:

This Is like : Do not purchase xiaomi phones, use only videocon phones https://cdn2.desidime.com/assets/textile-editor/icon_wink.gif

Even Shilpa Shetty owns a mobile company

Viaan Mobiles

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Deal Subedar
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Nonsense… #NoOffense

Govt can put restrictions on its usage anytime.

Images
Moderator
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ishubhamsr wrote:

First government should work on it and made it acceptable everywhere and all banks should start giving Rupay cards and should make it more convenient to use because as of now every bank have his own rules of how to use Rupay card online.

+1

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Deal Cadet
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rupay is useless card not worked online tried everything so finally replaced n got visa card

Missing