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What is RuPay Debit Card?
Posted on Monday, November 14th, 2022 | By IndusInd Bank
Indigenously developed and launched in India, the RuPay debit card offers a number of unique advantages as compared to other debit cards.
RuPay was launched in 2012 by the National Payments Corporation of India (NPCI) as part of the Reserve Bank of India’s mission to have an open, indigenous, and multilateral system of payments. Aimed at democratising access to financial services across the country, RuPay is an amalgamation of the words ‘Rupee and ‘Payment’. The Rupay Debit Card is like any other debit card that can be used for cash withdrawals at ATMs, for online transactions, and for making card payments. RuPay cards have a relatively lower processing cost and time as compared to Visa and MasterCard and are widely available all over the country including in urban and rural pockets. The payment network is highly secure and well-protected against phishing.
Key Features & Benefits of RuPay Debit Cards
RuPay debit cards have seen significant growth and popularity since their launch. Here’s a brief look at the main features and benefits of the RuPay debit card:
- Customised to fit the product and service requirements of Indians.
- Offers complete interoperability between various payment channels including mobile technology, ATMs, and cheques.
- Has a wider reach in rural areas and is easily available even to people with limited banking accessibility.
- Offered by public sector, private, co-operative, as well as rural banks.
- Extremely secure as no customer data or details of RuPay card transactions will be passed outside India.
- Enjoys wide acceptability, including on thousands of e-commerce websites and POS terminals.
- SMS alerts and notifications are sent to the customer’s registered phone number after every transaction, ensuring complete safety.
- Since the processing of transactions takes place domestically, the cost of clearing and settling each transaction is lower. It is also faster.
RuPay Debit Card from IndusInd Bank
IndusInd Bank offers a wide array of debit cards, including the RuPay Debit Card. This debit card can be used as an ATM Card for withdrawing money, for online shopping, as well as for making cashless offline purchases. It can easily be used to make payments at departmental stores, shops, restaurants, petrol stations, and several other outlets. The IndusInd Bank RuPayDebitCard comes with a number of special features. These are as follows:
- An ATM limit of INR 10, 000.
- A limit of INR 10, 000 on Point of Sale transactions.
- Complimentary accidental insurance cover of up to INR 1 Lakh.
- Account dependent joining fees.
- Account dependent annual fees.
- Availability of internet banking facility for a convenient banking experience.
The IndusInd Bank RuPay Debit Card is available with several types of accounts such as the Indus Easy Savings account, Indus Kissan account, Indus Senior Account, and Indus Small Savings Account.
One of the most trusted debit cards, there is much that the RuPay Card offers at a relatively low cost. So apply online for the RuPay Debit Card today!
Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.
