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
Reserve Bank Of India's Game-Changer: Wholesale CBDC On The Horizon For Call Money Market
The introduction of CBDC was announced in the Union Budget 2022-23, by Finance Minister Nirmala Sitharaman and necessary amendments to the relevant section of the RBI Act, 1934 was made with the passage of the Finance Bill 2022.
Sep 05, 2023, 20:09 PM IST
DNA: Crypto-currency transactions now under 'government scrutiny'
You need to be careful before transacting and trading in crypto-currency. The Government of India has now implemented the provisions of money laundering in crypto-currency trading. Now the transaction of digital currency of crypto will also come under money laundering.
Mar 10, 2023, 00:20 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
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
RBI to launch nation`s first digital rupee pilot project today
In a statement, the central bank said that it will "soon commence pilot launches of Digital Rupee (ea,) for specific use cases. Accordingly, the first pilot in the Digital Rupee - Wholesale segment (ea,-W) shall commence on November 1, 2022".
Nov 01, 2022, 10:17 AM IST
RBI to soon launch pilot e-rupee for specific use cases, issues concept paper on digital currency
The Reserve Bank will soon commence pilot launches of e₹ for specific use cases. As the extent and scope of such pilot launches expand, RBI will continue to communicate about the specific features and benefits of e₹, from time to time
Oct 07, 2022, 16:11 PM IST
Proposed digital currency by RBI to speed up transactions, reduce cost of cash: Report
The Reserve Bank of India is planning to come out with a central bank-backed digital currency, using blockchain technology in 2022-23.
Mar 09, 2022, 19:35 PM IST
RBI's views might have delayed crypto bill, Digital Currency will be introduced in FY23: RBI Deputy Guv
The government had plans to introduce a bill on cryptocurrencies like Bitcoin during the Winter Session of Parliament in November-December 2021 but did not introduce it.
Feb 24, 2022, 12:27 PM IST
ASCI issues guidelines for crypto, NFTs advertisement and promotion
ASCI guidelines also maintain that the words “currency”, “securities”, “custodian” and “depositories” may not be used in advertisements of VDA products.
Feb 23, 2022, 12:16 PM IST
Zee Exclusive: How will tax on virtual digital asset impact Crypto investors? CoinSwitch CEO answers
For the taxation of virtual digital assets, FM Sitharaman proposed to provide that any income from transfer of any virtual digital asset shall be taxed at the rate of 30 percent.
Feb 08, 2022, 16:25 PM IST
Crypto tax regime in India: Does taxation on Crypto make it legal? Explained
In her Budget speech, Finance Minister Nirmala Sitharaman said that any income from transfer of any virtual digital asset shall be taxed at the rate of 30 percent.
Feb 02, 2022, 11:49 AM IST
Planning to invest in crypto assets in 2022? Check out THESE 5 cryptocurrencies
Now that Cryptocurrency has been part of financial ecosystem, though very challenging the huge returns has always attracted the investors to take high risk.
Jan 21, 2022, 12:51 PM IST
