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Digital rupee News

19 Jan 2023

Digital Rupee cannot be exchanged for cash: Report

The pilot initially launched in Mumbai, New Delhi, Bengaluru, and Bhubaneswar. Only bank deposits will be used to issue eRupee by the Reserve Bank of India. Several businesses have registered to accept payments in eRupee.

22 Dec 2022

Launch of digital rupee a historic milestone, says RBI executive director

Terming the launch of the digital rupee a historic milestone, RBI executive director Ajay Kumar Choudhary. Around 50 countries are at the advanced phase of exploration to launch a digital currency. 10 countries have fully launched digital currency.

15 Dec 2022

RBI Digital Rupee Vs UPI-- check how both are different from each other

02 Dec 2022

Digital rupee game changer, should ensure better monetary transmission: SBI

The pilot project for retail digital rupee, RBI's central bank digital currency (CBDC) started in Mumbai, New Delhi, Bengaluru and Bhubaneswar. State Bank of India (SBI) is one of the participating banks in the RBI's CBDC pilot mission. The retail digital rupee (e-Rupee) project has started in a closed user group with the participation of four banks.

01 Dec 2022

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.

01 Dec 2022

Explained --RBI Digital Rupee Vs UPI, check key features of RBI e₹-R

01 Dec 2022

ATTENTION! 5 BIG changes from today, December 1, that directly impacts you

Reserve Bank of India

29 Nov 2022

RBI to launch pilot of retail digital rupee on December 1

The Reserve Bank said it will launch the first pilot for retail digital rupee (e-R) on December 1, 2022 RBI said that four banks including SBI and ICICI Bank will initially participate in it. On November 1, the RBI had launched the first pilot in the digital rupee - wholesale segment.

11 Nov 2022

Explained: Is the Digital rupee future of money? Will it boost Indian economy?

RBI launched the first digital rupee for the wholesale sector. The first pilot project was launched on November 1. On the retail side, a comparable trial will shortly begin.

04 Nov 2022

Explained: What is Digital Rupee and what RBI wants to achieve through this?

RBI rolled out the first pilot in the Digital Rupee, or e-rupee, in the wholesale segment for government securities on November 1. The RBI said that it will follow up on the wholesale e-rupee pilot with a similar trial on the retail side this month itself. The RBI has termed the launch of the central bank digital currency (CBDC) as a landmark moment in the history of currencies in the country.

01 Nov 2022

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.

01 Nov 2022

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.

Reserve Bank of India

31 Oct 2022

RBI to launch pilot of Digital Rupee tomorrow for govt securities transaction

RBI today said that the first pilot of the Digital Rupee will be launched tomorrow. The pilot transaction will be allowed for the government securities only. The RBI has identified nine banks to participate in the pilot.

10 Feb 2022

RBI can’t give definite timeline for launch of Digital Rupee, says Guv Das

Digital Rupee uses blockchain. It will be issued by the RBI. It aims to familiarise Indians with the benefits and efficiency of virtual currency.

10 Feb 2022

Big update on cashless transaction! RBI hikes e-RUPI vouchers limit to Rs 1L

The e-RUPI pre-paid digital voucher developed by the NPCI was launched in August 2021. The single use cashless payment voucher had a cap of Rs 10,000.

06 Feb 2022

Digital Rupee could debut by early 2023: Report

The digital rupee blockchain is being developed by the Reserve Bank. The digital rupee would be able to trace all transactions.

02 Feb 2022

What is a Digital Rupee and how it will fuel India’s growth? Explained

The government will control the pricing of the digital rupee. CBDC will give a big boost to the digital economy, said Budget 2022 document. Digital Rupee using blockchain issued by the RBI will familiarise Indians with the benefits and efficiency of virtual currency.

02 Feb 2022

Crypto tax regime indicates future of cryptocurrencies in India?

The decision to tax digital assets came as a major setback for the existing crypto investors in the next financial year and might discourage investments in cryptocurrencies.

01 Feb 2022

Digital rupee to be issued by RBI using blockchain and other technologies

The digital rupee will be a digital depiction of an Indian rupee supported by the Reserve Bank of India (RBI). India isn't the only country attempting to implement a digital legal tender system.

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