e-rupi Digital Payment App 2023 : Check Benefits, Working & Download

e RUPI is going to be launched on 02nd August 2021 by the Prime Minister. In this era of digitalization, every Indian is looking for a specific platform that can help them ease the procedure of giving and accepting money from each other. The Government of India has decided to launch a specific platform that will be the future digital currency of our country and will be known as e RUPI. Given below are the details regarding the platform and the details about the working of the platform. We will share with you all the answers to the questions related to How Does e RUPI Works & Uses, Benefits & List of Banks Live. You can check out the various details related to this voucher-based system which will be the future currency of a country.


What is e RUPI 2023

National Payments Corporation of India (NPCI), Department of Financial Services, Ministry of Health and Family Welfare, and the National Health Authority of India came up with a contactless and cashless digital payment medium on 2nd August 2021. This was also a step towards developing a digital currency in the country. Prime Minister Narendra Modi will launch an electronic voucher-based digital payment system known as e RUPI on Monday. The main objective of developing this platform is to enable cashless and contactless payments in the country which will also help the people affected by this widespread coronavirus disease. 

Details Of Digital Payment Solution e RUPI

Namee RUPI
Launched byNational Payments Corporation of India (NPCI)
System UsageA voucher-based system used for payments
Issuing AuthoritiesIssued by a list of private and public banks
Official Notificationhttps://pib.gov.in/PressReleseDetail.aspx?PRID=1741110

Important Dates

  • Prime Minister Shri Narendra Modi will launch e-RUPI, a person and purpose specific digital payment solution on 2nd August 2021 at 4:30 pm via video conferencing.
Read More: Pradhan Mantri Gramin Awas Yojana List 2021

What Do You Mean By e RUPI?

E RUPI is developed to make possible cashless and contactless payments in India. It is a type of digital payment that will ensure that the payment is done without any credit or debit card or mobile application or internet banking. The platform will help to connect the beneficiaries to the service providers without any physical interference between both of them. The platform will work on a gift voucher-based system. There will be the existence of prepaid gift vouchers that can be redeemed at specific accepting locations without any interference from other payment mediums. The vouchers will be delivered to the mobile phone of the beneficiaries in the form of an SMS string or a QR code.

How Does e RUPI Work?

E RUPI is developed on a UPI basis and a list of banks are selected who will be the issuing entities in this procedure. For issuing the vouchers, the Government or any Cooperative agency will have to approach any of the banks present in the list of banks available to issue these vouchers with the details of the beneficiaries and the purpose for which the payment has to be made by the beneficiary. The details of the beneficiary must include their mobile number. The bank will then send a voucher to the beneficiaries by the name given by the concerned authorities. In this way, the beneficiary will be able to use their voucher.

Uses Of e RUPI

There are many different uses of the platform as said by the Government and one of the main benefits of using this type of medium is to ensure your leak-proof delivery of the welfare services which are run by the Government to benefit the various societies of the country. The platform can also be used for delivering services under the welfare schemes for providing drugs and nutritional supports under mother and child welfare schemes,  TB eradication programs, drugs & diagnostics under schemes like Ayushman Bharat Pradhan Mantri Jan Arogya Yojana, fertilizer subsidies etc. Private sectors can also use this digital voucher to give welfare schemes to their employees and do all of the other corporate social responsibilities.

Benefits Of e RUPI

This digital payment system will be helping the country to develop a central bank digital currency and it will also fill the gaps between the digital payment infrastructure already present in the country. This will be a step towards the development of a future digital currency and the system is also backed up by an Indian rupee that’s why it is different from any other virtual payment method available in the country as of today. It is a closer version to the voucher-based payment system and one of its kind. E RUPI will be a digital form of the existing currency of India, the rupee. The people will be able to use vouchers to do their payments and it will be dependent upon the Indian rupee and not on any other online payment system which includes using your credit card or debit card.

List Of Banks Live With e-RUPI

According to the National Health Authority, eight banks are already live with e-RUPI such as:-

  • State Bank of India
  • HDFC Bank
  • Axis Bank
  • Punjab National Bank
  • Bank of Baroda
  • Canara Bank
  • IndusInd Bank
  • ICICI Bank.
Also Check: Kisan Samman Nidhi List 2021

How To Make Payment Through e-RUPI

First of all, the beneficiary will be receiving a QR code for SMS string-based e-voucher on their mobile phone and then they can redeem the voucher at the service provider. You can redeem your voucher for various things. You can also do it at a hospital or a Health Care Centre without the need for any card or Digital payment including your credit card or banking facilities. The procedure is very easy, safe, and secure. It is also very quick and hassle-free and includes a two-step redemption procedure. You only need a mobile phone and e-voucher to pay for the services.