SBI specially brings you e-RUPI, give cashless gifts to sisters this Rakshabandhan

This is the second Rakshabandhan in the Corona period. In such a situation, it would be best and safest to give cashless and contactless gifts to your sisters this time. SBI has brought you e-RUPI. With the help of this, you can give cashless gifts to your sisters as love. This is the new rupee of new India. Finally, let us know in detail about what is e-rupee.

This is a prepaid e-voucher. It is a one time voucher which has a fixed validity. It is used in such places where you want to make a special gift to someone special. It is completely contactless and cashless. Along with this, it is a fully secured transaction. So there is no chance of fraud. This is a transaction in which personal data is also protected and your privacy is fully taken care of.

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NPCI has prepared e-RUPI

National Payment Corporation of India i.e. NPCI has launched e-RUPI in association with Department of Finance (DFS), National Health Authority (NHA), Ministry of Health and Family Welfare (MoHFW) and banks. It was launched by Prime Minister Narendra Modi on 2 August 2021.

Works with SMS or QR code

e-RUPI is a cashless and contactless digital payment medium which is sent in the form of SMS or QR code to the mobile phone of the beneficiary. It is like a prepaid gift-voucher. This voucher can be redeemed without any credit or debit card, mobile app or internet banking.

How e-RUPI Vouchers will be issued

This system has been developed by NPCI on the UPI platform. Banks do the work of issuing these vouchers. Its beneficiary is identified by its mobile number. A voucher in the name of a person will be given to the service provider by a bank only to that person.

e-RUPI works even on basic phones

It is not necessary for the beneficiary to have a bank account for e-Rupee. It has a different feature as compared to other mediums of digital transaction. This ensures a two-step process of easy and contactless transactions. Personal details are not required for this. Another special feature of this is that e-Rupee is also operated on basic phones.

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