Know What Is E-Rupi, Its Benefits, And Uses

After the launch of a new government-based payment system a lot of questions like what is e-rupi, how does it work, etc…are popping up in every individual’s brain. Is it the same as other commonly available cashless payment options or this is different in any means? What’s the main purpose and how to use it?

Here is everything about this cashless and contactless system you should know.

What Is E-Rupi?

Also Read: List Of Bank Holidays In August 2021, Banks To Be Shut For Half Of Month

How Does E-Rupi Works?

Users will get e-vouchers from the banks and institutions associated with E-Rupi. These vouchers are meant specifically for the user registered under the scheme. It works on both QR code and SMS methods to provide the direct benefit of welfare scheme services to the public.

In other words, E-Rupi eliminates the need for any intermediary between the transaction processes. This ensures the transparency of the government assistance programs that aim to reach people at ground level.

No use of digital payment apps or any kind of internet-based banking services will be required to avail benefits of these services.

3 Main Benefits Of E-Rupi