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Digital Rupees in India

                            Digital Rupees in India








Digital Rupees in India


The Reserve Bank of India issued digital Rupees or E Rupees in India. The name of this currency is Central Bank Digital Currency.

 

The values of the currency are same as physical currency. This currency is control by Reserve Bank of India. The E Rupees is digital form of Indian currency.

 

Digital rupees can transaction both persons to person and person to merchant. The customer can change digital currency to physical currency.

 

There are two type of digital currency. The digital Rupee for Wholesale (e-W)for financial institutions and digital Rupee for Retail (e-R) for consumer and business transactions

 

 

Indian National Rupees-INR

 

Symbol of this digital rupees - e

  

 

Reserve Bank of India-

 

India's central bank and it regulatory Indian banking system. It is control, issue and Indian rupee.

 

 

Advantage-

 

(1)There is no need to carry physical currency.

(2)No stolen

(3)No duplicate any currency.

 

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