RBI, Banks Plan New Features To Boost Digital Currency, e-rupee, Soon
Retail CBDC transactions are averaging close to 18,000 a day, way short of the RBI's one million-a-day target by 2023 end. The features include allowing digital rupee transactions when a customer is offline and linking the e-rupee to India's popular Unified Payments Interface (UPI), three of the people quoted above said.
Sep 11, 2023, 12:28 PM IST
List Of Banks That Allow Digital Rupee Interoperable With UPI
The e₹-R would be in the form of a digital token that represents legal tender, distributed through intermediaries, i.e., banks. It would be issued in the same denominations that paper currency and coins are currently issued.
Sep 08, 2023, 12:49 PM IST
RBI To Highlight Digital Payments Infrastructure At G20 Summit
According to RBI sources, the RBI exhibition pavilion at the G20 summit will put up five major items for display, including the Public Tech Platform (PTP) for frictionless credit.
Sep 06, 2023, 08:50 AM IST
Cryptocurrencies are equivalent to gambling: RBI Governor
To counter the growth of cryptocurrencies, the central bank recently launched in pilot mode, its own e-rupee or central bank digital currency (CBDC).
Jan 14, 2023, 08:13 AM IST
DNA: Digital currency or magic wand!
Now you do not need any bank account to keep or give money and this magic happened because of digital currency. It means, from today, the use of digital currency has started for all the common people.
Dec 01, 2022, 23:38 PM IST
India's digital rupee fails to excite interest, bankers say
Another issue is that, since e-rupee transactions do not wholly replace those using established procedures, they add to banks' accounting work.
Dec 01, 2022, 17:04 PM IST
RBI Retail Digital Rupee pilot project launched in India -- Here's understanding e₹-R in 10 Key points
Eight banks have been identified for phase-wise participation in RBI Retail Digital Rupee pilot. The first phase will begin with four banks, viz., State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank in four cities across the country. Four more banks, viz., Bank of Baroda, Union Bank of India, HDFC Bank and Kotak Mahindra Bank will join this pilot subsequently.
Dec 01, 2022, 10:55 AM IST
RBI Retail Digital rupee launching today, December 1: Check full list of cities, banks offering digital wallet transaction
Users will be able to transact with e₹-R through a digital wallet offered by the participating banks and stored on mobile phones / devices. Transactions can be both Person to Person (P2P) and Person to Merchant (P2M).
Dec 01, 2022, 08:44 AM IST
Explained: What is retail digital rupee (e ₹-R) that RBI will launch on Dec 1 for pilot project?
The e ₹-R is a virtual token that can be used as a legal tender, according to the RBI. It would be issued in the same denominations that paper currency and coins are currently issued. It would be distributed through intermediaries, i.e., banks.
Nov 30, 2022, 21:34 PM IST
RBI Retail Digital rupee launching tomorrow, December 1: Check full list of banks offering digital wallet transaction
The e₹-R would be in the form of a digital token that represents legal tender. It would be issued in the same denominations that paper currency and coins are currently issued. It would be distributed through intermediaries, i.e., banks.
Nov 30, 2022, 13:35 PM IST
Ready to deal in digital rupee? Find out what exactly it is
The RBI defines the CBDC as the legal tender issued by a central bank in a digital form. It is the same as a sovereign currency and is exchangeable one-to-one at par with the fiat currency.
Nov 07, 2022, 11:39 AM IST
RBI launches Digital currency pilot project: What is Digital Rupee how different it is from other cryptocurrency
RBI has said that the first pilot in Digital Rupee - Retail segment (e₹-R) is planned for launch within a month in select locations in closed user groups comprising customers and merchants.
Nov 02, 2022, 09:28 AM IST
DNA: How Indian economy will benefit from digital currency?
Now you will be able to do transaction in a currency which you can neither touch nor it will get spoiled and you will be able to keep it for many years. Today, digital currency has been started as a pilot project in the country. In DNA we will tell you how digital currency is going to change the economy of the country.
Nov 01, 2022, 23:30 PM IST
Desh Superfast: RBI to launch digital rupee pilot from November 1
In this section, you will find the top news stories of the day. Segment Desh Superfast' is a part of Zee News' important news bulletins in which we cover all the important news.
Nov 01, 2022, 15:42 PM IST
‘Bitcoin heading to 0!’ China's BIG warning sends a chill down the spine of crypto investors
The warning came as the cryptocurrency market continued to face meltdown with Bitcoin hovering around $21,000 per digital coin.
Jun 25, 2022, 17:26 PM IST
Looking at 'pros and cons' of introduction of digital currency: RBI
Finance minister Nirmala Sitharaman while presenting the Budget 2022-23 had announced that the central bank will launch an Indian digital currency.
May 27, 2022, 17:11 PM IST
Looking to invest in Bitcoins? RBI has serious and major concerns, read what Governor Shaktikanta Das says
The Reserve Bank of India Governor Shaktikanta Das has said the central bank continues to have "serious and major" concerns about the cryptocurrencies like Bitcoin and has conveyed them to the government, adding that it is for the government to take a call on what to do in the matter.
Sep 10, 2021, 13:22 PM IST
India's own digital currency coming soon, know how different it is from other cryptocurrencies
Digital currency is the same as currency issued by a central bank but takes a different form than paper (or polymer).
Sep 01, 2021, 13:48 PM IST
India's own digital currency in the offing, RBI working on phased introduction
Central bank digital currency is the same as currency issued by a central bank but takes a different form than paper. It is sovereign currency in an electronic form and it would appear as liability (currency in circulation) on a central bank’s balance sheet.
Jul 23, 2021, 17:28 PM IST
