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Corporate Laws Central Ministry of Finance Reserve Bank of India Act, 1934

Addendum to RBI Digital Rupee - CBDC and UPI Interoperability

19-Jan-2024 | NPCI/UPI/OC 170 B/2023-24 (Addendum)

NPCI has issued a circular in reference to Circular No. NPCI/UPI/OC No170 and NPCI/UPI/OC regarding RBI Digital Rupee - CBDC and UPI Interoperability, effective from 15th November 2024. By virtue of this circular, following guidelines are issued- 1. Payee PSPs (Acquirers) who are facilitating Digital Rupee wallet top up through UPI shall process under MCC 7411 only (7411 - Digital Rupee wallet top-up (CBDC)). 2. These transactions shall be only allowed via push payment methods (No Collect allowed) and has to be ensured by all the members. 3. As mentioned in UPI OC 170-A, it is re-iterated that "loading of CBDC wallets via Rupay Credit Cards on UPI as the payment mode shall not be allowed. And this restriction should be implemented at the CBDC wallet issuer end." Kindly refer to the attached circulars for more information.

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