Railways Launched RuPay Pre-paid Debit Card Service

Railways Launched RuPay Pre-paid Debit Card Service: Railway passengers can book their tickets and do shopping using RuPay pre-paid debit cards from Tuesday. RuPay is India’s own card payment gateway network like Visa and Master Card, and provides an alternative system for banks to provide debit card service. The initial value of the card is Rs 10,000 which can be recharged.

Railways RuPay pre-paid debit card service

IRCTC Launched RuPay pre-paid debit card:

The service was launched by the Indian Railway Catering and Tourism Corporation (IRCTC) in collaboration with the Union Bank of India and the National Payment Corporation of India. IRCTC had signed MoU with UBI for executing the RuPay card project.

According to Prabhu, the initiative is in line with the government’s financial inclusive programme and the railways is tying up with financial institutions to come up with new services for promoting passengers’ interest.

“It is a union together with your financial institution for patrons’ curiosity,” Railway Minister Suresh Prabhu stated right here whereas launching the IRCTC-UBI RuPay pre-paid card.

IRCTC Chairman and Managing Director A T Manocha stated the card is a primary-of-its-variety out there as each digital in addition to bodily playing cards are being issued to clients in two variants. Initially the card can be used to book tickets only and that other types of transactions like shopping and bill payments will be included the card plan later, said IRCTC.

The transaction charge would be Rs 10 per ticket for booking a ticket through the card on the IRCTC portal. As an opening offer, the transaction charge will not be levied six months for purchasing tickets on the IRCTC’s website, the official said.

One can have the card with a loading limit of Rs. 10,000 with partial “Know Your Customer” (KYC) detail or Rs. 50,000 loading limit with full KYC.

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