On the basis of the above facts, Answer the following Questions : What is Digital Rupee ?
CS Professional · Banking and Insurance - Laws and Practice · PYQS · June 2025
On the basis of the above facts, Answer the following Questions : What is Digital Rupee ?
Answer & Explanation:
Digital Rupee or e₹, is India's Central Bank Digital Currency (CBDC). It is the digital form of India's physical currency, the Rupee (₹). e₹ is issued by the Reserve Bank of India (RBI) in digital form and offers features similar to physical cash like convenience of use, guarantee of RBI, finality of settlement, etc. e₹ is stored in the user's digital wallet and can be used to receive / send money, and / or make payment for transactions, just like any physical ₹.
Topics: Central Bank Digital Currency (CBDC)
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