Devaluation RuPay Select Debit Card Airport Lounge Access Devaluation

[Abhishek012]

RuPay Select Debit Card Airport Lounge Access Devaluation:

Domestic Airport lounge program for RuPay Select Debit Card provides access to card holders one (1 ) time per calendar quarter per card in any of the participating Domestic Airport lounges.

I didn't find any other changes. Everything else is the same and renewed for the next financial year 2025-2026.

Lounge access via Priority Pass costs Rs. 1,275 for banks. Wow! That's too expensive.

RuPay Select Debit Card Source: https://www.npci.org.in/PDF/npci/ru...-Select-Card-Program-w-e-f-1st-April-2025.pdf

RuPay Platinum Debit Card Source: https://www.npci.org.in/PDF/npci/ru...latinum-Card-Program-w-e-f-1st-April-2025.pdf

 

[sicko101]

You mean to say no devaluation? and what about Rupay CCs?

 

[Dazzwilliams]

You mean to say no devaluation? and what about Rupay CCs?

For Rupay Debit cards, earlier it was 2 visits per qtr, now it is 1/qtr

 

[Slayer]

Commander yeh kese karwa diye?

 

[creditcardfetish]

I don't understand the bundle pricing of 250 per annum, someone please help.

 

[Tonymathew]

More devaluations coming i guess, since they slashed the budget for npci spends

 

[sicko101]

For Rupay Debit cards, earlier it was 2 visits per qtr, now it is 1/qtr

Ok Thanks for clarification.

 

[Slayer]

I don't understand the bundle pricing of 250 per annum, someone please help.

? ? ?

 

[creditcardfetish]

? ? ?

 

[sicko101]

View attachment 84900

Banks have to pay 250 INR per card for all these facilities.

 

[bigbyte]

Rupay ka bhi (shighra) Patan chalu...

Rs 250/- per annum is what npci will bill to issuing banks for a Rupay card.

Utilization percentage is capped between 1-3%, it means they expect only 1 out 100 will actually avail the complimentary services. I feel that OTT benefit will go away due to high utilization percentage.

Also, NPCI has published these trade secrets in open domain.

 

[SpidySpider]

So the ott benefits will be available for this year till 31st Dec 2025 right?

 

[Tonymathew]

So the ott benefits will be available for this year till 31st Dec 2025 right?

Yes. No change

 

[Tonymathew]

View attachment 84900

This confirms that all RSDC benefits except OTT are refreshed quarterly..

So how can canara refresh them quarterly???

Also what does this utilisation ration means? The % of RSDC which actually redeemed those benefits??

@Abhishek012

 

[Tonymathew]

Unable to load the above links


From the screenshot shared above it means

1) bank pays npci only 250 per annum for all these benefits, against the fee that we pay the bank (400-1000, varying from bank to bank). That means bank earns a lot just by issuing cards.

2) does the utilisation ration represents the percent of services utilised? Or the cap for the utilisation? If it is the former, I wonder how it is less than 2% despite people using a lot of these benefits.. also if it is the former case, why would NPCI taper down the lounge benefits for just a 3% utilisation??

This also means, as per this utilisation ration that from the 250 rs rupay recieved by npci per bank, less than 200 rs is being actually spent on all these benefits. If this utilisation is kept so, I don't see much of devaluations in the near future.

However if this is not the current utilisation ratio, and maybe target ratio, then a lot of devaluations might follow

 

[Abhishek012]

Rupay ka bhi (shighra) Patan chalu...

Rs 250/- per annum is what npci will bill to issuing banks for a Rupay card.

Utilization percentage is capped between 1-3%, it means they expect only 1 out 100 will actually avail the complimentary services. I feel that OTT benefit will go away due to high utilization percentage.

Also, NPCI has published these trade secrets in open domain.

I already told, Everything else is the same and renewed for the next financial year 2025-2026.

Ya, they shouldn't have been shared in the open domain.

More devaluations coming i guess, since they slashed the budget for npci spends

NPCI is a private company.

The govt doesn't run NPCI.

And banks have to pay for all these expenses.

Earlier, 3 lounge accesses were given per quarter, but now it has been reduced to 1.

For each lounge access, banks had to pay ₹1,275.

And it's not just NPCI that devalues it alone. A meeting was held with banks in January, and then the decision was made. Lounge access was becoming costly for banks.

 

[Tonymathew]

I already told, Everything else is the same and renewed for the next financial year 2025-2026.

Ya, they shouldn't have been shared in the open domain.


NPCI is a private company.

The govt doesn't run NPCI.

And banks have to pay for all these expenses.

Earlier, 3 lounge accesses were given per quarter, but now it has been reduced to 1.

For each lounge access, banks had to pay ₹1,275.

And it's not just NPCI that devalues it alone. A meeting was held with banks in January, and then the decision was made. Lounge access was becoming costly for banks.

I agree with the private company aspect.

But 1275/lounge ain't true. Domestic lounges are provided en-block to banks at around 300. Even 2 lounges per quarter was not making them loss.

Now the reason for the devaluations probably mi8 be the reduction in budget from 2000 Cr to 437 Cr for Rupay Debit Cards and small value UPI transactions. Maybe to keep that facility toto for the time being, and ofcourse fill pockets.

 

[nh124001]

I already told, Everything else is the same and renewed for the next financial year 2025-2026.

Ya, they shouldn't have been shared in the open domain.


NPCI is a private company.

The govt doesn't run NPCI.

And banks have to pay for all these expenses.

Earlier, 3 lounge accesses were given per quarter, but now it has been reduced to 1.

For each lounge access, banks had to pay ₹1,275.

And it's not just NPCI that devalues it alone. A meeting was held with banks in January, and then the decision was made. Lounge access was becoming costly for banks.

1275rs !!??? bewakuf bana rahe hai... har ek bank bulk mein uthata hai lounge entries aggregators ya directly lounge se in thousands or even lakhs... domestic lounge ki per entry.. 100-150 se jayda nahi padti inko... market trend chal raha hai.. lounge access limit krna... indirectly thik bhi hai...

 

[Abhigyan kumar]

Railway lounge removed?

 

[Raavan]

RuPay Select Debit Card Source: https://www.npci.org.in/PDF/npci/ru...-Select-Card-Program-w-e-f-1st-April-2025.pdf

RuPay Platinum Debit Card Source: https://www.npci.org.in/PDF/npci/ru...latinum-Card-Program-w-e-f-1st-April-2025.pdf

Koi inn dono ki PDF file attach kar do yaha please.
I cannot access PDF file myself