RBI is launching India's first digital currency with pilot project which has been named E-Rupee
E-Rupee digital currency can be transferred through online mobile wallet and offline mobile SMS
E-Rupee is the official digital currency issued by indian government
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.
Indian currency will be issued in the form of token or coupon in digital format by RBI under the supervision of Government of India
All these banks will act as intermediaries for issuing e-rupees and prepare digital wallets and other means for this at their own level.