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News
Financial Inclusion Conference of the Reserve Bank of India
Financial Inclusion Conference of the Reserve Bank of India News
Digital currency
01 Dec 2022
Digital Rupee launched in India -- Here's understanding e₹-R in 10 Key points
Eight banks have been identified for phase-wise participation in RBI Retail Digital Rupee pilot. The first phase will begin with four banks, viz., State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank in four cities across the country. Four more banks, viz., Bank of Baroda, Union Bank of India, HDFC Bank and Kotak Mahindra Bank will join this pilot subsequently.
Digital currency
01 Dec 2022
Digital rupee launc today: Full list of cities, banks offering e₹-R service
Users will be able to transact with e₹-R through a digital wallet offered by the participating banks and stored on mobile phones / devices. Transactions can be both Person to Person (P2P) and Person to Merchant (P2M).
Digital currency
30 Nov 2022
What is retail digital rupee (e ₹-R) that RBI will launch on Dec 1 for pilot?
The e ₹-R is a virtual token that can be used as a legal tender, according to the RBI. It would be distributed through intermediaries, i.e., banks. It will make the inter-bank market more efficient.
Digital currency
30 Nov 2022
Digital rupee launching tomorrow: List of banks offering e-rupee transaction
The e₹-R would be in the form of a digital token that represents legal tender. It would be issued in the same denominations that paper currency and coins are currently issued. It would be distributed through intermediaries, i.e., banks.
RBI
10 Dec 2020
RBI lifts restriction on UP Civil Secretariat Primary Co-operative Bank
UP Secretariat Primary Co-operative Bank restrictions lifted. Decision brings cheers to 5000 workers Working plan to RBI in next 6 weeks.
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