UPCB RUPAY ATM-CUM-DEBIT CARD
- Card will be issued to eligible Current & Savings Bank Account Holders.
- Joint holder can also get add-on Card, upon payment of Rs.100/-
- Usage of card at UPC & AXIS BANK ATMs is free of charge.
- Detains of charges at other Bank ATMs. (see Table)
- Personal Accident coverage of Rs. 1,00,000/- to card-holder, provided card has been used within a period of 45 days prior to accident.
- Rupay ATM-CUM-DEBIT Card is valid throughout India, and can be used at any POS/ATM of any bank and for e-payments.
| CHARGES(Excluding Service Tax) |
Rs. |
| First Time Card Issuance Fee |
FREE |
| Additional Card(Add-on Card) |
100.00 |
| Card Replacement Fees |
150.00 |
| Annual Maintenance Charge(From second year onwards) |
100.00 |
| PIN Replacement charges |
100.00 |
| CHARGES AFTER 5(FIVE)TRANSACTION |
Rs. |
| A. Financial(Cash withdrawal)UPC BANK AND AXIS BANK ATM |
0.00 |
| Other BANK ATM |
18.00 |
| B. Non-Financial(Balance Enquiry, Mini Statement, Pin Change) |
0.00 |
UPC BANK AND AXIS BANK ATM |
|
| Other BANK ATM |
5.00 |
Aadhaar Payment Bridge System & Direct Benefit Transfer
Brief
- Direct Benefit Transfer Program aims to transfer subsidies directly to the people through their bank accounts. Benefits from Govt. Departments can received to the accounts of UGB customers, provided AADHAAR number has been linked to Accounts with our branches. Aadhaar Payments Bridge System (APBS) is used for crediting DBT transactions for Government/ Government agency disbursements.
- DBT aims to transfer subsidies directly to the people through their bank accounts. Crediting of subsidies directly into bank accounts will reduce the leakages and delays in thedisbursement of all government transactions
- The primary aim of this Direct Benefit Transfer program is to bring transparency and terminate pilferage from distribution of funds sponsored by Central Government of India.
Process & Advantages
- To sub-serve the goal of Government of India (GOI) and Reserve Bank of India (RBI) in furthering Financial Inclusion by way of processing government disbursement using Aadhaar number.
- To support various Schemes like NREGA, Social Security Pension, Handicapped Old Age Pension etc. of any Central or State Government bodies, to send financial details to the beneficiary using Aadhaar number.
- APBS is safe and secure
- This payment system enables to credit Government disbursements like Subsidies directly to customer accounts
- Crediting of subsidies directly into bank accounts will reduce the leakages and delays
