Stay updated with breaking news from Digital Rupee Features. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Digital Rupee pilot: The e₹-R will be a digital token, and will represent legal tender. The denominations will be the same as the paper currency and coins in circulation currently.
The RBI said users will be able to transact with the digital rupee through a digital wallet offered by the participating banks and stored on mobile phones/devices.
Digital Rupee or e-Rupee is a form of digital token that represents legal tender. Unlike cryptocurrencies, the digital Rupee is issued in the same denominations as paper currency and coins.