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

RBI issues FAQs on Digital Rupee

20-Nov-2025 | NA

RBI has issued FAQs on Digital Rupee. Key Highlights: 1. Digital Rupee is India's official Central Bank Digital Currency, issued by the Reserve Bank of India in digital form, similar to physical cash but stored in a digital wallet. 2. Retail users and merchants can use digital rupee through mobile wallets provided by participating banks and non-banks to make person-to-person or person-to-merchant payments using CBDC QR or UPI QR codes. 3. Digital Rupee wallets are secure, can be recovered even if the device is lost, and work on both Android and iOS platforms with no minimum balance or usage fees. 4. Digital Rupee can be loaded, redeemed, and transferred 24?7, and is available in the same denominations as physical currency, with automatic "change return" for convenience. 5. Digital Rupee is legal tender, backed by the Government of India and the Reserve Bank of India, and functions as both a payment instrument and a store of value. 6. Digital Rupee offers advanced features such as offline payments (for low-connectivity areas) and programmability (use-restricted funds for specific schemes like Direct Benefit Transfer or employee allowances). 7. The pilots aim to test technology, security, scalability, use cases, and the overall acceptance of digital rupee across selected users and merchants. 8. Wholesale CBDC is designed for financial institutions to make large-value settlements faster, safer, and cheaper using smart contracts, with current pilots covering government securities settlement, inter-bank call money transactions, and tokenised certificates of deposit. For more information, please refer to the attached document.

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