RuPay Debit Card

In 2020, the National Payments Corporation of India (NPCI) launched the RuPay Select card, which is targeted at customers with higher incomes. It is the most expensive debit card option available through RuPay. When compared to previous offerings, the card is not tied to a single issuing bank and instead collaborates with a variety of businesses to provide card-specific benefits.

All of the benefits are now bundled together into a single package that is independent of bank partnerships, preventing customers from applying for multiple card schemes at the same time, saving them time and money.

Aiming to capture market share from high-spending customers and provide an Indian alternative to Mastercard, Visa, and other premium offerings, NPCI launched the RuPay Select in January.

As of July 2018, RuPay cards were being issued by banks across the country. Apart from the country’s major private and public banks, RuPay cards are issued by the country’s cooperative banks (scheduled cooperative banks, district cooperative banks, state cooperative banks, urban cooperative banks) and regional rural banks (RRBs), as well as the country’s cooperative and regional rural banks (CCBs).

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RuPay Card | RuPay Debit Card | RuPay Credit Card | RuPay PrePaid Card | RuPay Combo Card

What is a RuPay Debit Card?

You can use the RuPay debit card to make purchases and pay for everyday expenses. A RuPay debit card can be requested at any participating financial institution. For the time being, just know that there are some requirements to qualify for a RuPay debit card.

How Does a RuPay Debit Card Work?

Customers can use their RuPay debit cards to pay for products and services at any store that accepts the card. Debit cards issued by RuPay are functionally equivalent to any other debit card.

These cards feature EMV chips, which are powered by cutting-edge technology and optimised for fast, secure transactions. In addition to storing the cardholder’s data, the cards feature an embedded microprocessor circuit. Throughout India, you can make purchases and withdraw cash from any of the many ATMs and POS machines accepted by the RuPay card network. In addition, it can be used on popular shopping platforms such as Amazon and Flipkart.

Types of RuPay Debit Cards?

What Are the Different Types of RuPay Debit Cards? RuPay offers three different types of debit cards: RuPay Classic, RuPay Platinum, and RuPay Select. RuPay Debit cards are available in the following variants:

1. RuPay Platinum Debit Card
2. RuPay Classic Debit Card
3. RuPay Select Debit Card
4. RuPay Government Schemes Debit Card
   • RuPay PMJDY Debit Card
   • RuPay Mudra Debit Card
   • RuPay PunGrain Debit Card

Essentially, the Classic card is the most basic RuPay-branded card, offering only the most basic features such as merchant offers in categories such as dining and travel; pharmacy; lifestyle; cosmetics; retail; shopping and jewellery; and other categories as determined by RuPay. It does not include any additional benefits such as access to airport lounges.

All of the features of RuPay’s lower-tier offering, Classic, are included in Platinum, along with additional offers and benefits such as airport lounge access, comprehensive insurance coverage of up to 200,000 rupees, an Amazon Pay offer, and other merchant offers.

Benefits of a RuPay Debit Card?

What are the Benefits of a RuPay Debit Card? As the processing of RuPay debit card transactions takes place within the country (inside India), the associated processing fee is relatively low. Because of this, the overall cost of settling and clearing a trade is reduced.

So Main Question is What are the benefits of rupay debit card? Some of the most notable advantages of using a RuPay debit card are as follows:

RuPay Debit Card Eligibility Criteria

What is the eligibility of availing RuPay Debit Card? In order to avail any of the RuPay Debit cards, the applicant must have a bank account. A bank account can be opened post fulfilling the Know Your Customer (KYC) as mentioned below:

Primary Documents required for applying for RuPay Debit cards – depends on bank to bank based on KYC Guidelines

Documents Required for RuPay Debit Card

The following are the documents required for processing a RuPay debit card application

• One recent photograph (passport size)
• Address Proof (Aadhar Card, Voter ID Card)
• Photo ID proof (PAN Card , DL, Passport)
• Signature of the applicant as a mark of consent
• Passport, Aadhaar Card,PAN card, Voter’s Identity Card, Driving License, Identity card (subject to the bank’s satisfaction), Letter from a recognized public authority or public servant verifying the identity and residence of the customer to the satisfaction of bank, Any other document as prescribed by the Bank / regulation

When compared to the dominant international payment services, RuPay is doing quite well in the expanding plastic money market. It is designed to meet the demands of the people living in India. Customers with a RuPay debit card can access their funds at any ATM in the country and make purchases at any of the country’s merchant locations. The Punjab National Bank, IDBI Bank, Federal Bank, HDFC Bank, and many more financial institutions are among those that issue the RuPay debit card.