7 Facts about
all New eRupee
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eRupee or
Digital Rupee
Fact 1
is
a digital version of India's paper currency
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eRupee is
in pilot mode
Fact 2
only people who are invited will be able to use the Digital Rupee Wallet app
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Which banks are enrolled?
Fact 3
only SBI, IDFC, ICICI, and YES Banks are allowed to run pilot phase
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What's difference in eRupee & UPI?
Fact 4
eRupee is digital currency while UPI is a payment platform
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Which technology is used?
Fact 5
Digital Rupee is based on blockchain technology
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What are the benefits?
Fact 6
> It has all the perks of regular cash
> Smoother cross-border transactions
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What are Risks?
Fact 7
> No more secret transactions
> Personalized monetary policy
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eRupee
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