Are you planning to take New ATM card? Which is better Rupay card, Master card or Visa card? here is answer: Rupay Card.
Rupay card demand is increasing in India. Indian Govt is promoting it from last few months and also RBI has informed to block all non-chip ATM card. This is beause Old atm card are not so safe. However non-chip card will work till 31st December. So every bank is sending new Chip card to customers (Rupay Card only). Rupay card demand will incrase more in near future.
All old ATM card of Magnatic strip may be blocked till 31st, december. Only chip atm card will work. SBI and other major bank have started to block non-chip atm cards. All banks are dispatching new Rupay card (EMV chip cards) to customers.
There are 3 main types of Rupay card: Rupay Platinum, Rupay classic, Rupay Select
All new rupay cards have chip technology for security purpose.
Ruapy Card (Rupay classic):
This is non-premium Rupay card. This keeps you safe with Personal Accident Insurance and also Permanent Total Disability cover upto Rs.1 Lakh. This is amazing benefit. Most atm holders have this card only.
Ruapy Platinum Card (Rupay Platinum):
This is premium Rupay card. This keeps you safe with Personal Accident Insurance and also Permanent Total Disability cover upto Rs. 2 Lakh. Most people are not aware about it.
Ruapy Card (Rupay select):
This is non-premium Rupay card. This keeps you safe with Personal Accident Insurance and also Permanent Total Disability cover upto Rs.1 Lakh.
What about Visa and Master card:
Visa and master ATM cards are losing market in India day by day, because of Rupay card.
Hope you have understood basics of Rupay card. You may also read this. Benefits of Rupay card. You will be happy to read this.
Important: Has your ATM card been blocked. Read this: Reason and Solution for blocked ATM cards.
You may read other useful blog also mentioned below in related post section. Thanks.