DIGITAL RUPEE

RBI RETAIL DIGITAL RUPEE: GET ALL THE LATEST UPDATES

RBI- Retail Digital Rupee

The Reserve Bank of India will soon expose the first pilot for retail digital Rupee on 1st December 2022.

Retail E-Rupee

The digital retail rupee come to easy retail transactions, can be available across the cities by customers of selected banks.

The Users

People from Mumbai, New Delhi, Bengaluru and Bhubaneswar initially able to use the access the retail digital rupee.

Huge As Cash

The e-rupee would be spread through intermidiaries like banks  to become identifiable bt the renders.

Banks for e-Rupee

If you are a customer of four banks like SBI, ICIC bank, YES bank, and IDFC bank then you can use it.

Process for Utilization

Users can transact  e-Rupee via digital wallet  connected with those banks and stored on your smartphone devices.

Transaction Type

RBI confirms about both Person to Person (P2P), and Person to Merchant (P2M).

QR Code

The payment with merchants can be made by QR codes revealed at merchants locations.

Zero Interest

The e-Rupee like cash will not demand any interest and can be transport into the other  forms of money can be deposited in banks.