Prepaid card .

[praful47]

I am unaware about the prepaid cards .
Anyone can explain what is prepaid card and what are its pros and cons .
Can we withdraw money from Atm ?
Transaction limit ?
Any other limitations?
I use slice for emergency funds.
Suggest some best prepaid cards ..
Monthly usage would be around 10k to 20k

 

[Astrella]

If so yes, it's doable.
View attachment 56238

CC: @RAMESH BABU N

Ohh great

Any source or leaks?

There was a twitter reply from npci, and according to this article from npci (Link), HCE is coming soon.

 

[Aniket]

There was a twitter reply from npci, and according to this article from npci (Link), HCE is coming soon.

Thanks bro, can I have Twitter reply links also?

 

[Astrella]

Thanks bro, can I have Twitter reply links also?

can't find it on google

 

[doraemon]

I use JUNIO and FABMONEY - both prepaid (preload) RuPay cards. I have taken both physical cards. Initially, both were giving cashbacks for loading money into the card. Nowadays - that's a bit reduced.

We get 1% to 1.5% cashbacks on almost all expenditures using these cards. At times, even 2%. Quite happy.

Both have their own Apps with OK features. Both RuPay cards work flawlessly on offline POS machines n in online use. Most UPI Apps also handle these prepaid/preload cards.

I am happy with them.

same i am using fabmoney the unlimited 1% cashback feature is awesome and we can get physical card for free

 

[cardy]

I have 2 debit cards for cash withdrawal but that's not enough for me , so I was thinking of getting prepaid card .

But you said , we have to pay charges for cash withdrawal... Then it is of no use .

Well thank you

For cash withdrawal ppi is not a suitable option. Add more debit card in your collection like bob lite account with only 2k or 3k maintain and get LTF rupay platinum debit card etc

 

[panchabhut]

I use JUNIO and FABMONEY - both prepaid (preload) RuPay cards. I have taken both physical cards. Initially, both were giving cashbacks for loading money into the card. Nowadays - that's a bit reduced.

We get 1% to 1.5% cashbacks on almost all expenditures using these cards. At times, even 2%. Quite happy.

Both have their own Apps with OK features. Both RuPay cards work flawlessly on offline POS machines n in online use. Most UPI Apps also handle these prepaid/preload cards.

I am happy with them.

Can Fabmoney be used for UPI? How? There is no scan/pay option in fabmoney app. Which 3rd party app supports this for UPI?

 

[RAMESH BABU N]

Can Fabmoney be used for UPI? How? There is no scan/pay option in fabmoney app. Which 3rd party app supports this for UPI?

It is NFC enabled - for tap n pay. I use it in petrol bunks. You can also use it by swiping or dipping on POS machines.
And, you can use it on most of online sites.

 

[panchabhut]

It is NFC enabled - for tap n pay. I use it in petrol bunks. You can also use it by swiping or dipping on POS machines.
And, you can use it on most of online sites.

Yes I am already using it in POS/Online. But based on your post, I was hoping to find some way of using it for UPI scan/pay.

 

[Astrella]

Yes I am already using it in POS/Online. But based on your post, I was hoping to find some way of using it for UPI scan/pay.

Fabmoney doesn't have UPI capability, there are many wallets that do though, like slice, amazonpay, famapp, mobikwik etc.

 

[cardy]

Yes I am already using it in POS/Online. But based on your post, I was hoping to find some way of using it for UPI scan/pay.

No bro fab money still doesn't support upi