Everything you need to know about RuPay cards

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The National Payment Corporation of India introduced the RuPay card in 2012 and since then it has emerged as the most popular card in the country. Unlike Visa and Maestro Card, RuPay card is available only for domestic payments. Before the advent of RuPay cards, only foreign cards were used.

All the transactions with respect to RuPay cards happen in India, which ensures minimal transaction costs. Payments through RuPay cards are provided only through debit cards.

Why should you go for the RuPay card? 

-Considering other debit card variants, the transaction costs of RuPay card are comparatively lower.

-RuPay cards give high withdrawal and transaction limit to their customers.

-They are available in rural areas also. People with limited and banking facilities can also get a RuPay card.

-If you are an IRCTC RuPay cardholder, train bookings can also become hassle-free for you

-To give a tough competition to the foreign cards, the government is also expected to introduce EMV cards, contactless credit and debit cards for easy transactions in this digital era.

-Most important, since the whole transaction process takes place within the boundaries of the country, one might not need to worry about one’s data security.

Eligibility criteria and documents required to apply for a RuPay card

While applying for a RuPay card, one must need KYC documents like proof of address and identification along with 2 passport size photographs.

Any private, public, rural or co-operative banks can issue RuPay debit cards. 

One can open a savings account under the PMJDY scheme as well. Adding a RuPay card to the PMJDY has added more benefits like faster processing, lower transaction costs and greater privacy protection.

Customers can request for RuPay debit cards by filing a form in their nearest branch and submitting KYC documents.