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  • What Is: Ca Aishwary Gupta

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    vanshika agarwal
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    Prime Minister Narendra Modi launched a new digital payment mode called e-Rupi, developed by the National Payments Corporation of India on its UPI platform. E-Rupi allows direct transfer of funds to a beneficiary without any physical voucher or mediators - for example, a student can directly receive scholarship funds from the government via e-Rupi. The government generates an e-voucher for the scholarship amount, which is received by the student via SMS or QR code. The student can then use the e-voucher to pay fees at their college by entering an OTP received on their phone, and the amount is credited to the college. E-Rupi offers advantages like ensuring the money is used

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    E rupiii

    Original Title

    E-Rupi

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    Prime Minister Narendra Modi launched a new digital payment mode called e-Rupi, developed by the National Payments Corporation of India on its UPI platform. E-Rupi allows direct transfer of funds to a beneficiary without any physical voucher or mediators - for example, a student can directly receive scholarship funds from the government via e-Rupi. The government generates an e-voucher for the scholarship amount, which is received by the student via SMS or QR code. The student can then use the e-voucher to pay fees at their college by entering an OTP received on their phone, and the amount is credited to the college. E-Rupi offers advantages like ensuring the money is used

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    © All Rights Reserved
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    56 views8 pages

    What Is: Ca Aishwary Gupta

    Uploaded by

    vanshika agarwal
    Prime Minister Narendra Modi launched a new digital payment mode called e-Rupi, developed by the National Payments Corporation of India on its UPI platform. E-Rupi allows direct transfer of funds to a beneficiary without any physical voucher or mediators - for example, a student can directly receive scholarship funds from the government via e-Rupi. The government generates an e-voucher for the scholarship amount, which is received by the student via SMS or QR code. The student can then use the e-voucher to pay fees at their college by entering an OTP received on their phone, and the amount is credited to the college. E-Rupi offers advantages like ensuring the money is used

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 8

    WHAT IS

    CA AISHWARY GUPTA
    1
    ON 2ND AUGUST, PM NARENDRA

    MODI LAUNCHED A DIGITAL

    PAYMENT MODE "E RUPI"

    CA AISHWARY GUPTA
    2
    WHAT IS IT ?

    IT IS A CASHLESS AND

    CONTACTLESS ONE TIME

    DIGITAL PAYMENT

    MECHANISM, DEVELOPED BY

    NATIONAL PAYMENT

    CORPORATION OF INDIA ON

    ITS UPI PLATFORM.

    CA AISHWARY GUPTA
    3
    HOW DOES IT WORK?

    A GIRL FROM VILLAGE WANTS

    TO CONTINUE HER

    EDUCATION BUT HER FATHER

    IS A DRUNKARD.WITH HELP OF

    E RUPI SHE CAN DIRECTLY

    RECEIVE SCHOLARSHIP FROM

    GOVERNMENT WITHOUT ANY

    MEDIATOR.

    CA AISHWARY GUPTA
    4
    GOVERNMENT WILL DIRECT

    THE BANK TO GENERATE

    VOUCHER FOR SCHOLARSHIP

    WHICH SHALL BE RECEIVED

    BY THE STUDENT IN FORM OF

    SMS OR QR CODE.

    CA AISHWARY GUPTA
    5
    THE E-VOUCHER CAN BE

    USED BY STUDENT WHILE

    PAYING FEES AT

    COLLEGE.AN OTP SHALL BE

    RECEIVED ON STUDENTS

    MOBILE NUMBER AND THE

    AMOUNT SHALL BE RECEIVED

    BY COLLEGE.

    CA AISHWARY GUPTA
    6
    ADVANTAGES OF E RUPI

    >INTENDED USE OF MONEY

    >SINGLE REDEMPTION OF

    VOUCHER

    >CONTACTLESS AND CASHLESS

    SERVICES TO BENEFICIARY

    >NO NEED OF INTERNET,

    SERVICE CAN BE AVAILED

    THROUGH SMS ROUTE .

    CA AISHWARY GUPTA
    7
    FOR MORE SUCH UPDATES KEEP FOLLOWING

    @Aish1992

    @CryptoAish

    CA AISHWARY GUPTA
    8

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