Meaning
The Digital Rupee (e₹) is India’s central bank digital currency, offering a digital form of fiat money.Definition
Digital Rupee (e₹), full form Central Bank Digital Currency (CBDC), is the sovereign digital currency issued by the Reserve Bank of India (RBI). It is the digital equivalent of the Indian Rupee.Key Characteristics
It is a legal tender, issued directly by the central bank, providing a secure alternative to physical cash with features like anonymity for retail use.Advantages
The e₹ aims for lower transaction costs, faster settlements, and enhanced financial inclusion. It also strengthens the resilience of the payment system.Author
