After the announcement by Finance Minister Nirmala Sitharaman, for businessmen with an annual turnover of Rs 50 crore and above from January 1, there will be no need to pay MDR fee on transactions from RuPay Card and UPI. This means that if you have a RuPay Card, then you may not have to pay any fee while purchasing the card for buying goods from such shops. This can directly benefit you financially. Apart from this, the government is taking many steps to promote digital transactions in the country and those who have RuPay cards are going to benefit the most.

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Introduction to RuPay Card
RuPay is a product of the National Payments Corporation of India (NPCI) operating retail payments in India. It was launched in March 2012. This fulfills the Reserve Bank's vision of a domestic payment system. NPCI issues RuPay Credit Card and RuPay Debit Card under this. Along with this, you also get options like contactless smart card, stored value card, digital card, Bharat QR. This card works like any other Visa or Master Card. The question arises as to what kind of benefits you get from using this card.

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RuPay Card features and benefits

This card is economical: Transaction with this card is done in the country itself, so making transactions with it is more economical than any other card. Data will remain in India: Information related to customers and their transactions will be stored in the country itself. This will keep people's data secure. According to Indian customer products, this is an Indian scheme. Hence RuPay offers are made keeping in mind the Indian consumers.
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Offer: NPCI recently said that it has launched global offers as part of its 'RuPay Travel Tales' campaign. Under this, you will get 40% cashback on doing POS transactions in UAE, Singapore, Sri Lanka, UK, USA, Spain, Switzerland and Thailand having RuPay International Card.

Insurance facility: RuPay non-premium card customers die in an accident and in case of disability forever, one lakhs of insurance cover is available. This amount is two lakh rupees for a premium cardholder. Cashback offer on many transactions: RuPay Card on Make My Trip offers up to 40% discount on transactions. Similarly, on portals like Book My Show, Oyo, you also get discounts and cashback. You can see more offers by visiting the RuPay Card website.

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