What is e-rupee – What are the benefits of e-rupee – How will e-rupee work
What is e-rupee? What are the benefits of e-rupee? How will e-rupee work?
E-rupee is the advanc virson of UPI which was started by Narendra Modi on 2nd August 2021, it will work as a payment where we will use it as a digital payment payment.
e-rupee of Full Form – Electronic Rupees ( Prepaid System )
E-RUPI Full Form- Electronic Rupees Unified Payments Interface
Benefits of e-rupee
E-rupee will be unique in which theft will not happen like your money cannot be stolen by any hacker nor any person can take your money without any permission from you
E-rupee will be such a currency which will be used for the work for which it will be given by the government, which means that whatever money will be given by the government, those money will be used for that purpose.
Understand for example
Like some time ago a scheme was run by the government under which all the people were given jio phone but not all used it properly as someone got money in the account and according to that plan If you did not buy that Jio phone then what was the point of implementing that plan.
In this way, a lot of fraud started happening, mostly it happens inside all the schemes, so keeping all these in mind, E Rupee has been implemented in which it will be such a princess, which is used by the government under this scheme, those money is given. It will be used in the same scheme, if those money is not used under that scheme, it will not be able to be used in anything else. Whatever material is under it will be given to you. Perhaps you must have understood through this example, if still you do not understand clearly, then keep reading this post till the bottom, you will understand clearly how the system will work.
QR Full Form – Quick Response
E-Rupee – E-RUPI This is the Advance form of UPI Both UPI and E-RUPI have been made by NPCI NPCI full form National Peyment Corporation of India
All the payments that we make come under NPCI, so it is called Umbrella because all the payments come under this umbrella (meaning come under)
The purpose of E-Rupee is that the facilities that the government wants to provide to the people, the same facilities should be given to the people and the same person will get it because there are many eaters in the middle, many bribes etc. started working, so this whole system should end. So that people can get the right facility at the right time.
E-Rupee It will be used for the goods or work for which it will be given by the government, it will not be used for any other work, as – the government has given money for fertilizer seeds for farmers. Will use it and no person will use it, so when you buy compost seed from E-Rupee system, that money will go to the manure seed, now that money will not be able to go to anyone else and all shopkeepers can scan that QR code. If the government does so according to their barcode, they will have given money according to the indigenous scheme, that money will go to that shopkeeper’s account.
How to make payment through E-Rupee
For this, according to the scheme the government will implement, the courts will be sent to your number, when the person giving the goods to that code scans, then according to the permission of the government, when the QR code is scanned, then whatever will be the goods according to the scheme. The shopkeeper saw the customer and the price of that goods would be transferred by the government to the account of that shopkeeper.
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