India’s Central Bank Digital Currency (CBDC), the Digital Rupee

POST Date / Update: 19 December 2023 | 02:08 PM

India’s Central Bank Digital Currency (CBDC), the Digital Rupee

  1. Digital Rupee is the electronic version of our currency which can be used for all your digital transactions. You can load the CBDC wallet and redeem the wallet balance to your linked bank account in seconds. Going ahead, multiple new functionalities and use cases shall continue to be explored. Currently, the pilot is ongoing with 13 banks providing this facility for their customers. With roll out of interoperability with UPI, the CBDCusers are now enabled to make transactions at any UPI QR (merchants or individuals) across the country.

  2. In this regard, please find the following easy steps for getting on-boarded:

    1. Please check if you are a customer of any of the 13 pilot banks (list mentioned below).
    2. If you are a customer of any of these banks, download the Digital Rupee App of the respective bank from Playstore India’s Central Bank Digital Currency (CBDC), the Digital Rupeeor Appstore India’s Central Bank Digital Currency (CBDC), the Digital Rupeeon your mobile. The app names and download links are as below:

    3. India’s Central Bank Digital Currency (CBDC), the Digital Rupee

      Pilot Banks Name of the App Android IoS
      SBI eRupee by SBI

      India’s Central Bank Digital Currency (CBDC), the Digital Rupee

      India’s Central Bank Digital Currency (CBDC), the Digital Rupee

      ICICI Bank Digital Rupee By ICICI Bank

      India’s Central Bank Digital Currency (CBDC), the Digital Rupee

      India’s Central Bank Digital Currency (CBDC), the Digital Rupee

      IDFC First Bank IDFC First Bank Digital Rupee

      India’s Central Bank Digital Currency (CBDC), the Digital Rupee

      India’s Central Bank Digital Currency (CBDC), the Digital Rupee

      YES BANK Yes Bank Digital Rupee

      India’s Central Bank Digital Currency (CBDC), the Digital Rupee

      India’s Central Bank Digital Currency (CBDC), the Digital Rupee

      HDFC Bank HDFC Bank Digital Rupee

      India’s Central Bank Digital Currency (CBDC), the Digital Rupee

      India’s Central Bank Digital Currency (CBDC), the Digital Rupee

      Union Bank of India Digital Rupee By UBI

      India’s Central Bank Digital Currency (CBDC), the Digital Rupee

      India’s Central Bank Digital Currency (CBDC), the Digital Rupee

      Bank of Baroda Bank of Baroda Digital Rupee

      India’s Central Bank Digital Currency (CBDC), the Digital Rupee

      India’s Central Bank Digital Currency (CBDC), the Digital Rupee

      Kotak Mahindra Bank Digital Rupee by Kotak Bank

      India’s Central Bank Digital Currency (CBDC), the Digital Rupee

      India’s Central Bank Digital Currency (CBDC), the Digital Rupee

      Canara Bank Canara Digital Rupee

      India’s Central Bank Digital Currency (CBDC), the Digital Rupee

      India’s Central Bank Digital Currency (CBDC), the Digital Rupee

      Axis Bank Axis Mobile Digital Rupee

      India’s Central Bank Digital Currency (CBDC), the Digital Rupee

      India’s Central Bank Digital Currency (CBDC), the Digital Rupee

      IndusInd Bank Digital Rupee by IndusInd Bank

      India’s Central Bank Digital Currency (CBDC), the Digital Rupee

      India’s Central Bank Digital Currency (CBDC), the Digital Rupee

      PNB PNB Digital Rupee

      India’s Central Bank Digital Currency (CBDC), the Digital Rupee

      India’s Central Bank Digital Currency (CBDC), the Digital Rupee

      Federal Bank Federal Bank Digital Rupee

      India’s Central Bank Digital Currency (CBDC), the Digital Rupee

      India’s Central Bank Digital Currency (CBDC), the Digital Rupee

      Get Official India’s Central Bank Digital Currency Website Click Here

    4. Carry out a basic registration process.

  3. For those already having a CBDC wallet, it is requested to update your CBDC apps so that you have the latest version which can provide you a seamless experience.

Digital Rupee for the Digital India

India’s Central Bank Digital Currency (CBDC), the Digital Rupee


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