Rupay Card – How To Get It?

RuPay Card is the latest payment scheme that is equivalent to a Visa/Master card. As per the RBI’s instructions all state owned banks can issue RuPay debit cards. The basic idea was to have a combined payment system and have an Indian Debit/Credit card.

RuPay Card

Up till recently there was no domestic card in the market and hence all banks had to depend on Visa or Master Card services for the purpose of carrying out transactions. Every credit/debit card of these International companies charges a fee that have to be paid by the Indian banks.  RuPay is a solution to ensure that all transactions happen within India and help save a lot foreign exchange. So keeping this in mind RuPay card was launched by the National Payments Corporation of India (NPCI) on 26 March 2012.It has a tie up with Discover Financial Services firm and as such it has been accepted as a payment method even outside India.

How To Get SBI RuPay Card & How to use it

RuPay is certified by 25 Indian Banks and functions with all ATM’s in India that work under National Financial Switch. It has a microprocessor circuit embedded in it and stores all the information of the card holder. All the transactions are carried on pin number basis and for high end dealings it uses a higher technology chip called named EMV (Europay, MasterCard and Visa). You can access this card form around 1.45 lakh ATMs and 8.75 lakh POS terminals in India. Apart from this there are around 10000 websites that allow you shop using the RuPay Card.

Who are eligible to apply

RuPay card can be accessed by anyone who has either a savings or a current account with the SBI. If you already have a debit card then you can exchange it for a RuPay card. New customers can also apply for a new RuPay card.

Withdrawals

Since it is a debit card you can withdraw cash or use it for cashless purchases. Maximum limit for withdrawal is 10000 per day and the maximum amount that can be funded is only 50000.Again You can only carry out 4 transactions per month.

Documents needed for RuPay Card

For RuPay card you can produce either an identity proof or address proof and the self-attested copy need to be handed over.

  • Identity Proof
  • Passport, Voter ID, PAN card, Driving License, Photo ID issued by Post Office or Photo ID issued by universities or institutes approved by AICTE, UGC.
  • Address Proof
  • Credit Card Statement, Salary Slip, Income Tax statement, Electricity Bill, Water Bill, Ration Card
  • 2 Passport Size photograph

Procedure for opening account

  • For opening the account you need to collect the application form from the nearest SBI branch (or other banks that support it). Specify clearly to the bank teller that you need to the avail the RuPay card facility and  fill in this form with all your personal detail
  • For RuPay card the process is simplified and you need to submit either your identity proof or address proof whichever is available.
  • Hand over the money to be deposited into the account and you will be provided with a passbook. The RuPay card will be sent by mail to your address within 10-20 days.

Advantages of using RuPay Card

Transaction cost of RuPay card is lesser as compared to Visa or MasterCard. For the latter the banks will have to bear the fees to the International companies which is not needed in RuPay as all transactions happen within India.

It’s easily accessible to all. Even people from rural areas can avail this services.

As all processing happens within India there is no clearance cost incurred.

It functions on the PIN authorization hence ensuring security for the users.

By launching RuPay card India will be less dependent on International debit/credit cards.

The card users can also get SMS alerts that helps you know the balance as well as the cash withdrawn from account.

Rupay Card Benefits

Most banks offer RuPay cards in India today and they offer their own custom offers with it. For example, HDFC bank offers the following benefits on it’s premium Rupay card.

  • Daily withdrawal Limit: Rs 25,000
  • 5% CashBack on Utility Bill payments
  • Zero fuel surcharge

If you are looking at improving your credit score, get a good credit card instead of Rupay Card.

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Mani Karthik

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Mani Karthik

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I help business grow & scale. Have helped 15+ companies scale in US, Middle East and India.
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41 responses to “Rupay Card – How To Get It?”
  1. Pallavi Mishra

    The last line of this article is equally interesting!!!
    Well I already have fairly good score… 🙂

  2. shayan

    I am a bangladeshi, can i apply for a rupay card?

  3. Antonyraj Antonyraj

    தற்ப்போது உள்ள Rupay கார்டை இ எம் ஐ கார்டாக மாற்ற முடியுமா

  4. Tapas Chakraborti

    All Indians should adopt the Rupay card in the best interest of the nation & help the country to save foreign exchange.

  5. Kalluru subbarao

    How to generate new pin SBI rupay debit card

  6. Mani Karthik

    Thanks for the update Sachin.

  7. Mani Karthik

    Great to know Ranju! Glad you finally got it. Thanks for letting know. Others who have similar trouble can contact them via Twitter too.

  8. ranju ms

    Thank you as per your instructions i contacted PNB via twitter and email they finally contacted branch and branch in my village who is holding my card without sending it have dispatched it and i recieved it today after after 39 days i recieved my rupay card thank you very much

  9. Madhu Sudan Gulati

    GoI is vigorously promoting cashless transactions, on the other hand SBI is reluctant to issue RuPay debit card to regular SB a/c holders; so much so that the link to RuPay is not working on its website. Have you discontinued Rupay card and brought in some better one instead..???
    Guide me how to get it
    Initial cost of procurement
    Recurring/ Annual charges
    Transaction charges as on date
    Can I not apply it online through netbanking portal of SBI
    In how many days I shall be issued a card

  10. sachin

    Dear Mani Sir
    Here is truth. As on date 10th Jan 2017, even sbi is unable to provide rupay debit card. I inquired in Bank. They say it is for PMJDY only. Even, the online sbi portal takes request for re-issue of card under VISA and MASTER card category.

  11. Mani Karthik

    Might be a delay. Did you check with the bank on the status?

  12. Krish

    what are the limitation on transaction using rupay card?
    May i withdraw using rupay card as withdraw using visa or master card?
    What is the max withdraw limit per a day?

  13. ranju ms

    this information is wrong,i waited more than 20 days after depositing money and recieving passbook but dont recieved rupay card via mail

  14. Mani Karthik

    You might have to get a Jan Dhan account.

  15. Rohit

    SBI only allows VISA and MasterCard requests through their NetBanking portal. They should add RuPay to that portal.

  16. Venkatanag Doreswamy

    Thanks for info. Excellent blog.

  17. Mani Karthik

    Sure, why not?

  18. Mani Karthik

    Credit and Debit cards are totally different. I’ve written an in-depth article on the difference here – https://manikarthik.com/blog/credit-card-or-debit-card/money/ Please check it out.

  19. Mani Karthik

    Sahil, Did you get a Jan Dhan account?

  20. sahil garg

    My SBI branch has denied me Rupay card saying it is only for jan dhan accounts. What should i do now??

  21. M Rajasekhar

    Its very useful information.
    But It is not clear wheather one can exchange or have the Card portability facility from Visa/Mater/Mastreo debit-card(SB a/c with SBI) with Rupay Debit- Card or to go for new Rupay Card only.
    M.Rajasekhar

  22. ChunkeyPandey

    Debit Card and Credit card are different.

    While Rupay is indian company which give you transaction facilities just like Mastercard or Visa.

    All these companies can have either Credit Cards or Debit/ATM cards.

  23. Manas Barik

    Excellent

  24. manjit singh

    What difference between rupay card & debit card

  25. Pushpesh Pandya

    Excellent information

  26. Vamsee Krishna

    Nice information. Thank you

  27. Thrinadh

    Is illterates eligible for taking Rupay Card?

  28. Mani Karthik

    You will have to visit an SBI branch nearby Lakshmi.

  29. Mani Karthik

    Procedure is mentioned above. Please read and let me know if you have any doubts.

  30. Mani Karthik

    Thanks Milind. Glad to have you here. 🙂

  31. Milind Sawant

    Mani hi, appreciate your inititatives to educate whole of the world and spread knowledge . You believe in Giving knowledge whatever you have. It’s most acknowledged act. I wish you a great success in ALL your future endeavours. Keep it up. Regards, Milind Sawant

  32. Sweetoo Jatania

    How to apply for a SBI Rupay card ?

  33. RAJESH NARULA

    If I have an account in any other public sector bank other than SBI, can I still apply for Ru-Pay card?

  34. Lakshmi

    I do not want to exchange my debit card for an RUPAy… but want the rupay in addition to my existing debit card.

  35. Lakshmi

    Is there anyway to get the RUPAY card online. I already have my account and debit card in SBI. When I asked in the branch, I was told that they are focussing only on VISA and MASTER cards since many are not using RUPAY cards.

  36. abhishek gunjan

    i have already a sbi debit card then how can i got the rupay card

  37. Sanju

    you can replace your current card or apply for new card also with holding your old card. 🙂

  38. Udai

    If I replace my existing debit card with this card, I would lose the withdrawal limit of 40000 INR per day, right? as you said, rupay card has only 10000 INR per day.

  39. Jawahar

    How much is the difference is the transactional Charges between Visa cards and Rupay cards for lets say transaction of 1000 rupees ? I have a visa card. I pay all my bills online.

  40. Mani Karthik

    It is a combined system of both Debit and Credit card.

  41. Parimal Shah

    Is it a credit card or only a debit card?
    -Parimal

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