On the basis of the above facts, Answer the following Questions : What is an 'e₹' Wallet ?
CS Professional · Banking and Insurance - Laws and Practice · PYQS · June 2025
On the basis of the above facts, Answer the following Questions : What is an 'e₹' Wallet ?
Answer & Explanation:
e₹ wallet is a digital wallet that can be opened on one's mobile phone / device. e₹ wallet stores the Digital Rupee, similar to the physical wallet / purse that stores the physical currency. e₹ wallets are being currently provided by Banks and Non-banks, which are part of the retail CBDC Pilot.
Topics: Central Bank Digital Currency (CBDC)
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