WHAT IS e -RUPEE DIGITAL CURRENCY ? CBDC e RUPEE ? | What is e-RUPI | How e-RUPEE Works | RBI CBDC ?
WHAT IS e -RUPEE DIGITAL CURRENCY ? CBDC e RUPEE ? | What is e-RUPI | How e-RUPEE Works | RBI CBDC ?
You can buy digital rupees from the four banks that the RBI has licensed. They are the State Bank of India, Yes Bank, ICICI Bank, and IDFC First Bank.
Central Bank Digital Currency (CBDC) pilot launched by RBI in retail segment has components based on blockchain technology. The Reserve Bank of India (RBI) has issued a concept note on Central Bank Digital Currency (CBDC) on October 7, 2022.
Can you invest a digital rupee? e-Rupee is the digital form of the currency note. So, no interest will be paid on digital currency in your e₹ wallet. At present, you cannot use e₹ to invest.
The pilot would cover select locations in a closed user group (CUG) comprising participating customers and merchants. The pilot program will initially cover four cities– Mumbai, New Delhi, Bengaluru and Bhubaneswar and later extend to Ahmedabad, Gangtok, Guwahati, Hyderabad, Indore, Kochi, Lucknow, Patna and Shimla.
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