Digital Currency by RBI: What is e-rupee?
Simply put, e-rupee is the digital counterpart of physical cash. If you are wondering how to use e rupee, it is no rocket science. The process will rather be simple. Just like physical cash, e-rupee or digital rupee will work in similar simple denominations.
RBI has collaborated with four banks to bring the e-rupee system to four Indian cities. These are New Delhi, Bengaluru, Mumbai and Bhubaneswar. In the next phase, the digital currency will be extended to Ahmedabad, Gangtok, Guwahati, Hyderabad, Indore, Kochi, Lucknow, Patna and Shimla.
How to buy Digital Currency in India?
Which banks will get it first?