NPCI: RuPay Card

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NPCI Newsletter_Front

NFS Volume Analysis
F. Y. 2010 (Jan-10 to Mar-10) F. Y. 2011 F. Y. 2012 ( Till June-11 ) 180.00 160.00 140.00 120.00 100.00 80.00 60.00 40.00 20.00 F. Y. 2010 (Jan-10 to Mar-10) F. Y. 2011 F. Y. 2012 ( Till June-11)

17,52,92,448 1,23,05,38,605 42,30,48,168
NFS Volume Growth - YoY

2,82,25,781 21,34,06,722 6,69,42,759

Total Volume
20,35,18,229 1,44,39,45,327 48,99,90,927

Average Monthly Volume
6,78,39,410 12,03,28,777 16,33,30,309

Volume 5, July 2011

Average Monthly Volume ( in Million )

From the desk of MD & CEO
2.61 2.30 1.60

NFS Business and Technical Decline Analysis Average Technical Average Buisness Period Decline (in %) Decline (in %) F. Y. 2010 (Jan-10 to Mar-10) F. Y. 2011 F. Y. 2012 ( Till June-11 ) 18.00 16.00 14.00 12.00 10.00 8.00 6.00 4.00 2.00 F. Y. 2010 (Jan-10 to Mar-10) F. Y. 2011 F. Y. 2012 ( Till June-11 )

11.26 12.48 12.06

Average Business Decline (in %) Average Technical Decline (in %)

NFS Chargeback and Credit Adjustments Analysis Average Credit Period Average Chargeback Adjustment F. Y. 2010 (Jan-10 to Mar-10) F. Y. 2011 F. Y. 2012 ( Till June-11 ) 1,20,000 1,00,000 80,000 60,000 40,000 20,000 F. Y. 2010 (Jan-10 to Mar-10) F. Y. 2011 F. Y. 2012 (Till June-11)

64,753 91,422 1,02,564

15,349 61,308 80,205

Average Chargeback Average Credit Adjustment

am pleased to share with you that RuPay card is now a reality. I am a proud owner of RuPay card myself issued to me by Bank of India. I have used it on the ATM of Bank of Baroda and it works perfectly like any other ATM card. I have also carried out a balance inquiry transaction from a micro-ATM managed by a business correspondent using my finger print. RuPay cards have also been issued by three other banks - Kashi Gomti Samyut Gramin Bank (RRB) sponsored by Union Bank of India, NGKSB Cooperative Bank Ltd and Gopinath Patil Parsik Janata Sahakari Bank Ltd. Several other banks will be issuing RuPay ATM cards in a month or two. RuPay’s journey has, thus, begun. RuPay scheme is getting ready for POS and internet acceptance as well. Timeline is January-March 2012. National Financial Switch (NFS), our flagship service offering has been growing from strength to strength. It has now 78,000+ ATMs. Members providing Value Added Services- Pin Change and Mini Statement have grown to 17 banks.


Similarly the banks enrolled for IMPS has reached to the count of 23 banks till June 2011 with more than 10 million MMIDs issued. Work is in full swing for enabling merchant payments in IMPS. A few banks have started advertising on prints. NPCI has also started a Customer Education Campaign. I am sure IMPS would be a visible service in a year’s time similar to NEFT or ECS. A very successful User Group meeting for NFS and IMPS was organised by us for the member banks on 28th June 2011 and we were overwhelmed with the members participation and response. Nearly 200 participants were present at the event.

As regards our proposed Cheque Truncation Service (CTS) at Chennai, out of 64 member banks in Chennai Bankers Clearing House, 45 banks are fully ready to participate. First Express Cheque Clearing System (ECCS) implementation was completed at Thirumala Clearing House managed by State Bank of India. Second ECCS implementation was completed at Rampur Clearing House near Lucknow. The project for covering 1093 nonMICR clearing locations in the country is now gaining momentum. NPCI – as the umbrella organisation for all retail payment systems in the country – is on a transformational journey. This can be a success only with dedication and hard work by my Team at NPCI and enthusiastic participation by member banks. Should you like to make any suggestion on any new services to be offered by NPCI, please don’t hesitate to email to me directly at

A. P. Hota Managing Director & CEO

Launch of Dhanaadhaar BOI RuPay ATM & Micro-ATM Card

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