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The National Payments Corporation of India (NPCI) has added new features for RuPay credit card users on the UPI platform. Users can now avail EMI facility on their credit card account linked to the UPI app. Additionally, they can manage credit card bill payments, EMI payments and credit card limits on the UPI app. NPCI said that these facilities will be made available to users by 31 May 2024.

The introduction of EMI option for RuPay credit card purchases means that users will now be able to convert their purchases into EMIs directly from their UPI app. They can also convert previous purchases made through RuPay credit card into EMI. Users will get the option to choose the EMI option at the time of payment using UPI. It will also help the users to choose the EMI tenure at the time of purchase. The UPI app will provide users with information about their ongoing EMIs, so that payments can be made on time.

Can’t change EMI:

As per the rules, users will not be allowed to change or delete the EMI as it will be considered as a loan. However, users can close it prematurely by paying the entire amount like a loan. The new feature enables users to make a one-time payment of outstanding credit card bills or credit installments or set up UPI autopay.

Raising credit limit

The UPI app will provide users with information about their linked credit cards’ outstanding bills and installments, such as minimum amount due, total amount due and bill due date. Users will have the option to increase their credit limit from the issuing company. This will help users to approve or apply for an increase in their credit limit directly from the issuing bank or NBFC through the UPI platform.