Switching to RuPay Card : A Boost to Make in India

 This is the time where Indians are shifting from cash transaction to electronic transaction. To give boost to Make in India, it is well worth to find out and change all our Debit / Credit cards to ‘Rupay’

 Whenever we use a debit card or credit card,there is a transaction fee associated with it. In most cases you may not be charged but the merchant will be charged. Let us understand what this is for.

First of all, no banks or any entities provide any sort of financial network. It’s all provided by international companies namely VISA, MasterCard, American Express etc. For example, when you get an ATM card with VISA label on that from the issuing bank, the bank provides you the facility to use the visa network. For that the bank has to pay a nominal fee to VISA for every transaction. The bank will get this back from the merchant. So each transaction makes these foreign companies rich.

RuPay is an Indian domestic card scheme conceived and launched by the National Payments Corporation of India (NPCI). It was created to fulfil the RBI’s desire to have a domestic, open loop, and multilateral system of payments in India. RuPay facilitates electronic payment at all Indian banks and financial institutions, and competes with MasterCard and Visa in India. NPCI maintains ties with Discover Financial to enable the card scheme to gain international acceptance

Advantages Of RuPay

The main advantage is the transaction charges. Charges are very minimal. While Visa / MasterCard / Amex cards creates a transaction fee of about 1.9% of the total amount, RuPay will charge only 0.01%.
Secondly, these charges in turn go to the Reserve Bank Itself.
Third, the most important – All the transactional data lies in the Indian Servers. The good news is that NPCI is trying to make it international, which means foreign banks will start using RuPay cards.

You can get more information about RuPay from


 As Fwd by Col Veeramani, TSEWA Core Committee Member

1 Comment

  1. Dear Sir
    I am jayakumar DC Retired from Indian Navy after 20 years and 08 months of service as Petty officer Medical
    As per new Corrg PPo my Rank last held read as Petty officer ACP-1 with a grad pay of Rs 4200/- equivalent to Hon Nab Sub of Army, hope i can apply Government jobs where eligibility criteria is JCO

    Please advise me sir

    Thanks and Regards
    jayakumar Dc
    email –

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