e-RUPI is a one-time redeemable payment voucher in form of QR Code or an SMS string and can be redeemed at ..... without any credit or debit card, mobile app or internet banking.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

e-RUPI is a one-time redeemable payment voucher in form of QR Code or an SMS string and can be redeemed at ____ without any credit or debit card, mobile app or internet banking.

A	ATM
B	specific accepting centers
C	POS
D	E-commerce

Explanation:

Detailed explanation-1: -It is a one-time contactless, cashless voucher-based mode of payment that can be used by beneficiaries to redeem it without a card, digital payments app, or internet banking access. e-RUPI stands differently from the digital currency that is contemplated by the Reserve bank of India.

Detailed explanation-2: -Features of E-RUPI: e-RUPI is a one-time and multiple-time use pre-paid digital voucher. It is a mode of payment for a user without a card, digital payments app, or internet banking access. e-RUPI vouchers can only be issued digitally, through SMS or QR code.

Detailed explanation-3: -The central bank digital currency (CBDC) or the eRupee cannot be, currently, converted into cash and vice versa. eRupee will be issued against bank deposits only by the Reserve Bank of India (RBI).

There is 1 question to complete.