Rupee tub dashboard

RBI announces the launch of the first pilot for retail digital Rupee (e₹-R) on December 1. 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. — ANI (@ANI) 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. 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). Payments to merchants can be made using QR codes displayed at merchant locations. List of Participating Banks and Cities in the e-Rupee Pilot Programme Currently, the below-mentioned eight banks are participating in the e-Rupee Pilot run program, it will be executed in a phased manner, and will include more banks in the future. • State Bank of India • ICICI Bank • Yes Bank • IDFC First Bank • Bank of Baroda • Union Bank of India • HDFC Bank, and • Kotak Mahindra Bank Under the pilot run, e Rupee can be used in the following cities of India. • Mumbai (Initial Phase) • New Delhi (Initial Phase) • Bengaluru (Initial Phase) • Bhubaneswar (Initial Phase) • Ahmedabad • Gangtok • Guwahati • Hyderabad • Indore • Kochi • Lucknow • Patna • and Shimla Steps to Down...

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