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Indian Digital Money

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RBI launch india's first digital money

RBI is launching India's first digital currency with pilot project which has been named E-Rupee

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It can be transferred through online and offline

E-Rupee digital currency can be transferred through online mobile wallet and offline mobile SMS

No difference between any kind between digital and printed currency

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e-Rupee also in digital format like 10, 20, 50, 100,500,2000

E-Rupee is the official digital currency issued by indian government

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Indian digital currency is not like crypto-currency

t is the official e-currency being issued by the Government of India, which will be treated as a printed currency ie a printed note.

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Indian currency issued in form of token or coupon digitally

Indian currency will be issued in the form of token or coupon in digital format by RBI under the supervision of Government of India

e-Rupee will be issued to the banks through the centralized system

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RBI has initially selected 8 banks for this

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In first phase, 4 banks handle works in RBI supervision

All these banks will act as intermediaries for issuing e-rupees and prepare digital wallets and other means for this at their own level.

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