Financial Inclusion Conference of the Reserve Bank of India | Zee News

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NewsFinancial Inclusion Conference of the Reserve Bank of India

Financial Inclusion Conference of the Reserve Bank of India News

Digital currency

01 Dec 2022

Digital Rupee 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.

Digital currency

01 Dec 2022

Digital rupee launc today: Full list of cities, banks offering e₹-R service

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).

Digital currency

30 Nov 2022

What is retail digital rupee (e ₹-R) that RBI will launch on Dec 1 for pilot?

The e ₹-R is a virtual token that can be used as a legal tender, according to the RBI. It would be distributed through intermediaries, i.e., banks. It will make the inter-bank market more efficient.

Digital currency

30 Nov 2022

Digital rupee launching tomorrow: List of banks offering e-rupee 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.

10 Dec 2020

RBI lifts restriction on UP Civil Secretariat Primary Co-operative Bank

UP Secretariat Primary Co-operative Bank restrictions lifted. Decision brings cheers to 5000 workers Working plan to RBI in next 6 weeks.

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