RuPay Credit Card on the UPI platform from May 31
RuPay Credit Card on the UPI platform from May 31
It comes as good news for RuPay credit card holders as they will be eligible for 3 facilities including EMI in UPI app from May 31
National Payments Corporation of India (NPCI) announces that from May 31, 3 new services will be available for RuPay Credit Card on the UPI platform. Banks and card issuing companies have been asked to enable these features.
As of now, people were able to make UPI payments to offline or online merchants by linking thei RuPay credit card to UPI Apps.
Now RuPay Credit Card users are going to get many new features in the coming mionths. These features gets rolled out from May 31.
National Payments Corporation of India (NPCI) announces that introduction of 3 new services for RuPay Credit Card on the UPI platform.
These include applying for EMI facility on RuPay credit card, setting up UPI AutoPay to pay outstanding credit card bills or credit line installments, and increasing RuPay card credit limit using UPI apps. Banks and card issuing companies have been asked to enable these features.
As of now, UPI payment facility is available through Rupay credit cards of 17 banks.
With RuPay Credit Card, you will UPI payments can be made exactly the same way as done through a bank account. Here the money will be deducted from your Rupay credit card. Currently, RuPay credit cards of 17 banks can be linked on NPCI operated BHIM app.
Now Cash cam be withdrawn from ATM through UPI and also be able to deposit cash with the help of UPI. This could also be done through Cash Deposit Machine (CDM).
As at present, debit cards are used to deposit cash through CDM. Reserve Bank of India Governor Shaktikanta Das gave this information on Friday
April 5.
News Edit K.V.Raman
