What is the point of digital rupees?

The point of the digital rupee (e₹) is to provide a digital form of India's official currency, issued by the Reserve Bank of India (RBI). It is a legal tender designed to offer a safe, regulated, and modern way to make payments and settlements. Benefits include reducing the cost of security printing for physical currency and, for wholesale transactions (e₹-W), streamlining interbank settlements and cutting transaction costs.