On the basis of the above facts, Answer the following Questions : Is 'e₹' wallet safe ?
CS Professional · Banking and Insurance - Laws and Practice · PYQS · June 2025
On the basis of the above facts, Answer the following Questions : Is 'e₹' wallet safe ?
Answer & Explanation:
e₹ wallets are safe and secure. There is a robust cyber-security framework to ensure that e₹ is kept secure in the user's wallet. The e₹ stored in the e₹ wallet is safe even if the mobile device on which the e₹ wallet is installed is lost. The e₹ wallet can be recovered using the same phone number / SIM on a new mobile device.
Topics: Central Bank Digital Currency (CBDC)
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