Rupay Credit Cards: There is excellent news if you use the RuPay credit card. Up till now, you could attach your RuPay credit card to UPI Apps and use it to make UPI payments to both online and offline retailers. In the upcoming months, customers of the RuPay Credit Card will receive a plethora of additional services. The release of these features is scheduled for May 31.
New RuPay Credit Card Services Announcement by NPCI
According to a recent announcement by National Payments Corporation of India (NPCI), three new RuPay Credit Card services will soon be available on the UPI platform. These include utilising UPI apps to raise the credit limit on your RuPay card, applying for an EMI facility on your credit card, and setting up UPI AutoPay to pay your credit card bills or credit line installments that are over due. As. It has been requested that banks and card issuers activate these functions.
Introduction of RuPay Credit Card on UPI Facility in 2022
Let us inform you that the Rupay Credit Card on UPI facility was launched in 2022. You can take advantage of the convenience of using your RuPay Credit Card to make UPI payments if you can comprehend basic language.
You will be able to make UPI payments using the RuPay Credit Card in the same manner as you would with a bank account. Your Rupay credit card will be used to deduct the funds in this instance. Presently, the NPCI-run BHIM software allows links between RuPay credit cards from 17 different banks.
Expanding UPI Services
You can now use UPI to withdraw cash from ATMs. With the aid of UPI, you will soon be able to deposit cash as well. This task can be completed with a Cash Deposit Machine (CDM). Currently, monetary deposits through CDM are made using debit cards. Shaktikanta Das, the governor of the Reserve Bank of India, provided this information on Friday, April 5.