How can I own digital rupee?

Your digital rupee wallet is set up automatically when you register on your bank's digital rupee app. You can start adding funds to it in two ways — either by receiving funds from another user or by transferring funds from your bank account.

Can digital rupee be converted to cash?

Yes, you can convert your digital rupees back into physical cash. This is because the digital rupee is a legal tender and essentially a digital version of the physical rupee we use every day. You can also redeem any portion, or even all, of the funds in your digital rupee wallet whenever you wish. The redeemed amount will be directly deposited into your linked bank account.

How much does digital rupee cost?

Digital rupee tokens cost the same as their physical counterparts. For example, to load your wallet with e₹100, you have to pay exactly ₹100. Usually, the amount is deducted from your linked bank account.

What is digital rupee app?

The digital rupee app lets you access and interact with India's CBDC, i.e the digital rupee or e-Rupee. Once you've received an invite from your bank to participate in the digital rupee pilot program, it's time to download the digital rupee app. You can find it on Google Play Store or Apple App Store by simply searching for "Digital Rupee app". Make sure to install only the digital rupee app provided by the bank you got the invitation from.