What is e-RUPI? - Know all About It, Important Facts, Application and Supported Banks

By Stuti Mishra|Updated : August 3rd, 2021

e-RUPI digital voucher is going to play a huge role in making DBT more effective in digital transactions in India. What to know about e-RUPI? How to avail e-RUPI? Here is an article to answer all your questions. 

Prime Minister Narendra Modi has launched an electronic voucher-based digital payment solution titled as ‘e-RUPI’. It is a person-specific and purpose-specific digital payment solution. It is a symbol of how India is progressing by connecting people’s lives with technology.

Table of Content

What is e-RUPI


  • It is a cashless and contactless digital payment solution.
  • It is a Quick Response (QR) code or SMS string-based e-voucher, which will be delivered to the mobile of the users.
  • This voucher can be redeemed by the users without using the card, digital payments app, or internet banking access at the service provider.
  • It will digitally connect the sponsors of the services with the beneficiaries and service providers without any physical interface.
  • This e-voucher based mechanism will also ensure that the payment to the service provider is made only after the transaction is completed.
  • It is pre-paid in nature and assures timely payment to the service provider without the involvement of any intermediary.

Developer of e-RUPI

Digital payment solution titled ‘e-RUPI’ has been developed by the National Payments Corporation of India (NPCI) on its Unified Payments Interface (UPI) platform, in collaboration with Department of Financial Services, Ministry of Health & Family Welfare, and National Health Authority.

Who is Authorized to Provide e-RUPI Facilities?


  • Currently, 11 public and private sector banks will support this new payment mode.
  • State Bank of India (SBI), ICICI Bank, HDFC Bank, Punjab National Bank (PNB), Axis Bank and Bank of Baroda will provide both issuance and redemption facilities for e-RUPI coupons.
  • Canara Bank, IndusInd Bank, Indian Bank, Kotak Mahindra Bank and Union Bank of India will only issue e-RUPI coupons for now.

e-RUPI Application

It can be used in both government as well as private sector.

  • Government Sector: In government sector, this voucher will ensure leak-proof delivery of welfare services and can also be used for delivering services under schemes meant for providing drugs and nutritional support under welfare schemes like Ayushman Bharat, Pradhan Mantri Jan Arogya Yojana, etc.
  • Private Sector: Private sector can avail these digital vouchers as part of their employee welfare and Corporate Social Responsibility (CSR) programs.
  • e-RUPI is currently backed by the existing Indian rupee as the underlying asset and the specificity of its purpose makes it different than virtual currency and puts it closer to a voucher-based payment system.
  • Any corporate or government agency will have to approach the partner banks (private and public-sector lenders) with the details of specific persons and the purpose for which payments have to be made.
  • It does not permit direct cash-out or peer-to-peer transfer.
  • There are already many countries using this kind of voucher system namely the US, Colombia, Chile, Sweden, Hong Kong, etc.

Hence, this new digital payment system will potentially fill the gaps in digital payments infrastructure for the success of the future digital ecosystem of India.

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  • Beneficiaries can utilise an e-RUPI to get a digital voucher that can be redeemed for any government service. To redeem the vouchers, the digital method does not require a card, an app, or internet access.

  • e-RUPI is a cashless and contactless digital payment system. It is a QR code or SMS string-based e-Voucher that is given to the beneficiaries' mobile phones. It also ensures that the service provider is only paid when the transaction has been completed.

  • The government pays for E-RUPI, which is a digital prepaid voucher. In terms of technology, e-RUPI differs from cryptocurrencies in that its digital tokens are built on the blockchain platform. It does, however, allow for end-to-end digital transactions without the use of a physical intermediary.

  • The system's e-Rupi vouchers can only be utilised by the person to whom he would have been assigned e-Rupi coupons. According to a statement released by the PMO, Sakar can employ this technique in Ayushman Bharat, Pradhan Mantri Jan Arogya Yojana, fertiliser subsidies, and other programmes.

  • InfrasoftTech helps banks establish an e-RUPI technology stack by assisting them with everything from integration with existing systems to deployment to their target beneficiaries.

    According to NPCI, it is now working with two of the 11 live banks. It will soon add more customer banks with e-RUPI capabilities.

    Punjab National Bank and Bank of Baroda are the two banks.

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