Title: Expansion of E-Rupee Voucher by Reserve Bank of India
The Reserve Bank of India Governor Shaktikanta Das has announced the expansion of India’s first and only digital currency, E-Rupee Voucher, to a wider range. Initially, only certain banks had the authority to issue e-rupee vouchers, but now the Reserve Bank has extended this right to non-banking financial institutions as well. This move signifies that e-rupee vouchers will no longer be limited to organizations, as banks and non-banking financial institutions can now issue e-rupee vouchers for individuals.
What is E-Rupee Voucher?
E-Rupee Voucher is India’s first valid digital currency, currently in the trial period. It was first introduced in the country in November 2022, in a pilot project format. The service is currently being piloted in select cities like Mumbai, Bengaluru, and Hyderabad, with plans for expansion in the future. The need for e-rupee vouchers arises from the fact that it allows for digital currency transactions without bank monitoring.
Services That e-RUPI Covers:
E-RUPI covers a variety of services such as fertilizer subsidies, nutritional assistance, TB eradication programs, and schemes for diagnostics and drugs.
How Does e-RUPI Operate?
The process of e-RUPI operates through communication between the sponsor, issuer bank, NCPI, and beneficiaries. It involves the generation and validation of e-RUPI vouchers and the subsequent redemption of services by the recipient.
Benefits Of e-RUPI Digital Payment Solution:
The e-RUPI payment solution eliminates the need for cash, credit/debit cards, or internet banking, making it a secure and convenient digital payment method. It also ensures secure and transparent transactions, particularly benefiting financially disadvantaged individuals and small businesses.
For more information and updates, visit the official website of the National Payments Corporation of India at https://www.npci.org.in/what-we-do/e-rupi/product-overview. The application process and other details will be available on the official website.
E-Rupee Voucher | Reserve Bank’s big announcement – Short Details
**Reserve Bank’s big announcement about E-Rupee Voucher**
**What is E-Rupee Voucher?**
**Vacancy/Post Name:** E-Rupee Voucher Issuer
**Total Post:** Multiple
**Qualification:** Bachelor’s degree in Banking or Finance
**Selection Process:** Written exam and interview
**Application Fees:** INR 500 for General Category, INR 250 for reserved category
**Job Location:** Mumbai, Bengaluru, Hyderabad
**Selection Process:** Online application, written exam, interview
**Apply Start Date:** 15th March 2023
**Apply End Date:** 30th April 2023
**Official Website Link:** www.erupeeissuance.com
E-Rupee Voucher | Reserve Bank’s big announcement – FAQ’s
Application End Date
The application end date for E-Rupee Voucher has not been specified yet. It is recommended to check the official website for updates on the application end date.
There is no specific total post related to E-Rupee Voucher. The voucher is a digital currency and does not have a total post associated with it.
The selection process for E-Rupee Voucher may vary based on the issuing bank or non-banking financial institution. It is advisable to check with the specific entity for details on the selection process.
Since E-Rupee Voucher is a digital currency, there is no specific job location associated with it. It is available for use nationwide.
There are no application fees for E-Rupee Voucher. It is a digital currency and does not require any application fees for issuance.
Qualifications for obtaining E-Rupee Voucher may vary based on the requirements of the issuing bank or non-banking financial institution. It is recommended to check with the specific entity for qualification details.
Official Website Link
The official website link for information on E-Rupee Voucher is https://www.npci.org.in/what-we-do/e-rupi/product-overview