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"Digital Rupee"

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'Digital rupee can be used for overseas payments'


IndiaTimes - Published

RBI announces offline transactions for Digital Rupee; here’s what new CBDC move means

CBDCs enable instant and direct transactions between an Indian importer and an American exporter. The transaction is as final as if cash were exchanged, without relying on the US Federal Reserve system..
IndiaTimes - Published

Explained: What are RBI's CBDC e-rupee and wallets? All you need to know about digital rupee

India's CBDC e?: A digital wallet linked to banks, serving as a digital representation of physical cash.
DNA - Published

RBI, Banks Plan New Features To Boost Digital Currency, e-rupee, Soon

Retail CBDC transactions are averaging close to 18,000 a day, way short of the RBI's one million-a-day target by 2023 end. The features include allowing digital rupee transactions when a customer is..
Zee News - Published

RBI likely to start digital rupee pilot in call money market by October

The wholesale CBDC, known as the Digital Rupee-Wholesale (e-W), was launched in November 2022 for the settlement of secondary market transactions in government securities. The RBI has already rolled..
IndiaTimes - Published

List Of Banks That Allow Digital Rupee Interoperable With UPI

The e₹-R would be in the form of a digital token that represents legal tender, distributed through intermediaries, i.e., banks. It would be issued in the same denominations that paper currency and..
Zee News - Published

SBI launches initiative to promote digital rupee usage via UPI

SBI promotes digital rupee via UPI, linking it with CBDC, aiming to boost digital currency adoption.
DNA - Published

SBI allows UPI interoperability with digital Rupee for seamless transactions


newKerala.com - Published

Good News For SBI Digital Rupee Users! Now Scan Any Merchant UPI QR Code For Transactions, SBI UPI interoperability

SBI has announced that it has implemented UPI interoperability in its Digital Rupee (e₹)  also called as Central Bank Digital Currency (CBDC). 
Zee News - Published

India: India's Journey Into Central Bank Digital Currencies - PANDA Law

India's journey into the realm of CBDCs took a decisive leap with the Reserve Bank of India pioneering the country's first-ever Digital Rupee.
Mondaq - Published

RBI's Retail Pilot Of The Digital Rupee Goes Live In India's 4 Metro Cities

As per CBDC tracker, almost 105 countries representing 95 percent of the world's GDP have taken steps to inculcate digital currency in their ecosystem.
Zee News - Published

E-rupee worth over Rs 130 crore in circulation: Nirmala Sitharaman

Nine banks, viz., State Bank of India, Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IDFC First Bank and HSBC, have been participating in the digital rupee..
IndiaTimes - Published Also reported by •Zee News

RBI Digital Rupee: E-Rupee to be Piloted by 5 More Banks in 9 More Cities Soon

The CBDC is expected to make the inter-bank market more efficient and settlements in e-rupee can reduce transaction costs by pre-empting the need for settlement guarantee infrastructure or for..
Zee News - Published

Reliance Retail, Innoviti Technologies, ICICI Bank & Kotak Mahindra Bank partner to enable acceptance of 'Digital Rupee - Retail'


newKerala.com - Published

Reliance Retail begins accepting govt's digital rupee for sales


newKerala.com - Published

Digital Rupee cannot be exchanged for cash, only bank deposits will be used to issue eRupee: Report

Anuj Ranjan, the top general manager of the RBI's fintech division, reportedly stated that the pilot project has moved pretty nicely in a closed-user group and that the number of users is gradually..
Zee News - Published

Year Ender 2022: From 5G to Digital Rupee, here are the biggest tech developments in India this year

The year 2022 has been momentous for India’s digital journey. This year, we saw India taking a major step towards its ‘Make in India’ dream by attracting major investments from manufacturers such..
BGR India - Published

Launch of digital rupee a historic milestone, says RBI executive director

Terming the launch of digital rupee a historic milestone, RBI executive director Ajay Kumar Choudhary on Thursday said the currency would bring in a lot of operational efficiency in the system and will..
IndiaTimes - Published Also reported by •Zee News

Retail digital rupee, repo rate hike, no SMS balance: Major changes in India's banking sector in December

Since the beginning of December, the banking industry has undergone numerous significant changes. See what changes will affect the common man.
DNA - Published

RBI's digital rupee a 'game changer', says SBI chairman

The Reserve Bank of India's pilot project on retail digital Rupee is a "game changer", said SBI chairman Dinesh Khara, and added that it will have durable effects which would ensure better monetary..
IndiaTimes - Published

RBI launches retail digital rupee on pilot basis


newKerala.com - Published

Digital rupee a game changer, should ensure better monetary transmission: SBI Chairman Dinesh Khara

RBI's pilot project on retail-CBDC is a game changer with durable effects that should ensure better monetary transmission at much lesser costs, said SBI Chairman.
Zee News - Published

Digital Rupee arrives in India: How’s it different from UPI


BGR India - Published

India's digital rupee fails to excite interest, bankers say

Another issue is that, since e-rupee transactions do not wholly replace those using established procedures, they add to banks' accounting work.
Zee News - Published

What are the benefits of RBI's Digital Rupee? Can you buy digital rupee?

Digital money can also help stem financial fraud.
DNA - Published

RBI Retail Digital Rupee pilot project launched in India -- Here's understanding e₹-R in 10 Key points

Eight banks have been identified for phase-wise participation in RBI Retail Digital Rupee pilot. The first phase will begin with four banks, viz., State Bank of India, ICICI Bank, Yes Bank and IDFC..
Zee News - Published

RBI Retail Digital rupee launching today, December 1: Check full list of cities, banks offering digital wallet transaction

Users will be able to transact with e₹-R through a digital wallet offered by the participating banks and stored on mobile phones / devices. Transactions can be both Person to Person (P2P) and Person..
Zee News - Published

Explained: What is retail digital rupee (e ₹-R) that RBI will launch on Dec 1 for pilot project?

The e ₹-R is a virtual token that can be used as a legal tender, according to the RBI.  It would be issued in the same denominations that paper currency and coins are currently issued. It would be..
Zee News - Published

RBI Digital Rupee: PhonePe, Paytm, Google Pay to be replaced by Digital Rupee? Know how it will work

A new payment system introduced by the RBI called the Digital Rupee can be used online without adding a bank.
DNA - Published

Digital Rupee pilot for retail segment to commence on December 1

After a successful pilot of the Digital Rupee earlier this month, the Reserve Bank of India (RBI) has announced another pilot that will commence next month. The new pilot will be for the retail..
BGR India - Published

RBI to launch pilot of retail digital rupee on December 1; four banks to participate initially

RBI said the pilot would cover select locations in closed user group (CUG) comprising participating customers and merchants.
Zee News - Published

RBI to launch first pilot for retail digital rupee on Dec 1

The Reserve Bank of India's first pilot for retail e-rupee, its version of the central bank digital currency (CBDC) will be launched on December 1, it said in a statement on Tuesday. The pilot would..
IndiaTimes - Published

Digital Rupee: RBI to launch first pilot project in retail on December 1, here's what customers need to know

The first phase of RBI's pilot project of retail digital rupee will involve 4 banks and 4 cities, with both to expand in phase 2.
DNA - Published

Explained: Is the Digital rupee future of money? Will it successfully boost the Indian economy?

The e-rupee is a virtual currency that simplifies, speeds up, and reduces the cost of making payments. It will facilitate frictionless digital transactions in electronic format. Users can pay directly,..
Zee News - Published

India: RBI's Digital Rupee: Expected Advantages And Implications - Luthra and Luthra Law Offices India

The idea of issuing central bank digital currency ("CBDC"), either as a substitute or complement of other forms of money, arguably dates to the 1980s, when James Tobin, an American economist...
Mondaq - Published

Ready to deal in digital rupee? Find out what exactly it is

The RBI defines the CBDC as the legal tender issued by a central bank in a digital form. It is the same as a sovereign currency and is exchangeable one-to-one at par with the fiat currency.
Zee News - Published Also reported by •newKerala.comIndiaTimes

DNA Explainer: What is Digital rupee and how is it different from cryptocurrency?

Digital rupee's launch has put India in the league of advanced nations that have responded to the needs of digital future.
DNA - Published

Explained: What is Digital Rupee and what RBI wants to achieve through this?

e-Rupee is a digital version of currency notes issued by a central bank, a kind of digital money that can be used in contactless transactions.
Zee News - Published


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