Digital Rupee is the central bank digital currency (CBDC) of India.

RBI launched its pilot version on 1st December 2022 for Retail segment.

[{"selector":"#anim-83f9c9ea-bacd-465b-8115-abc9e6f8bdf0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

It is also known as e-rupee (e₹-R).

[{"selector":"#anim-f83402a2-a08b-41bb-b035-8d4dad1e348a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

Digital Rupee will be distributed through intermediates like banks.

[{"selector":"#anim-07b3f055-1faa-4a46-ac59-4e806268a6c7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

The transactions would be carried out through a digital wallet offered by the banks.

Transaction can be done between Person to Person (P2P) and Person to Merchant (P2M).

Digital Rupee is different from cryptocurrency.

Find out more about digital rupee pilot phase here -