A cashless and contactless tool for online payment called e-Rupi was launched by the Prime Minister of India Narendra Modi. The aim behind launching e-Rupi is to stop any fraudulent activities related to government welfare schemes and ensure that all the benefits reach the beneficiaries. We will have a look in detail regarding what e-Rupi exactly is, and what are its benefits.

How does e-Rupi works

e-Rupi is a cashless service where the beneficiaries will receive a string of SMS based vouchers and QR code on their mobile phone. The person will not be required to use any digital payment app, card, or even access to net banking to redeem the voucher. For example, if you purchase a product, you will receive a voucher on your app in the form of SMS or QR code which you can redeem.

e-Rupi is safe and secure where the payment is ensured only after the transaction has been completed. Since, it is pre-paid in nature, you can be assured that the payment will be conducted on time and there will be no requirement of intermediary.

This cashless tool has been powered by National Payments Corporation of India’s (NPCI) UPI platform where this particular service will be offered by around a dozen banks in India.

Features and benefits of e-Rupi

  • e-Rupi is a cashless and contactless service.
  • You don’t need any card to avail this service. All you need is your smartphone, and a proper internet service.
  • As a beneficiary you will be connected to your sponsor digitally.
  • This service ensures that as a beneficiary you receive the benefits you deserve and services are delivered to you leak proof.
  • There is at least a dozen of banks both private and public banks who will be offering this service to their customers.
  • Beneficiaries of Ayushman Bharat Pradhan Mantri Jan Arogya Yojana and fertilizer subsidies etc. can also avail the e-Rupi service.

List of banks offering e-Rupi

According to NPCI, Bank of Baroda, Punjab National Bank, State Bank of India (SBI), Axis Bank, HDFC Bank, ICICI Bank, IndusInd Bank, and Canara Bank are confirmed to be offering this service to their customers.

How is e-Rupi different from Net Banking

Unlike net banking, e-Rupi is not an app or a platform but rather a voucher you can use to redeem various services. You do not need an app or even a bank account in order to avail its services. However, in case of net banking, you need to have a bank account with a lender and proper net banking credentials to conduct transactions.


These are still early days for e-Rupi, however, in coming days, it should achieve the aim of ensuring that beneficiaries receive the benefits of government schemes in a proper manner and this service should make it secure and safe going forward.

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