On the basis of the above facts, Answer the following Questions : Whether 'e₹' is legal tender ?
CS Professional · Banking and Insurance - Laws and Practice · PYQS · June 2025
On the basis of the above facts, Answer the following Questions : Whether 'e₹' is legal tender ?
Answer & Explanation:
In terms of Section 26 of the Reserve Bank of India (RBI) Act, 1934, every bank note shall be legal tender at any place in India in payment or on account for the amount expressed therein and is guaranteed by the Central Government. e₹, being a digital form of the ₹ Bank Note, is also legal tender and is the liability of Reserve Bank of India.
Topics: Central Bank Digital Currency (CBDC)
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