slide

The CBDC was made available to retail customers starting December 1st.

It has exchange rates at par with other currencies.

Additionally, it was aimed to be used to issue virtual currency for the exchange of government securities.

The retail e-rupee was essentially seen to be an electronic form of currency.

The digital rupee aimed to offer features of physical cash like trust, safety and settlement finality.

It also gives access to secure money for payments and settlements.

The foundation of CBDC is blockchain technology.

It exist as a digital token that stands in for legal money.

Users are able to transact in digital rupees using a digital wallet.

Click here to know more about the digital rupee.

Check here for more personal finance stories.

What is digital rupee?

The RBI's digital rupee, which is all set to be launched for retail users on December 1, is an exchangeable unit at par with the fiat currency and is described as being equivalent to a sovereign currency.

National Savings Certificate interest rate hiked for January-March quarter; check here

NFO Alert: HSBC Multi Cap Fund to open on January 10; here's all you need to know

New NFO Alert: Aditya Birla Sun Life Fixed Term Plan - Series UE (1275 days), opens January 9, 2023

Here's why investing in fixed maturity plans, target maturity debt funds makes sense at this juncture

Planning to invest in mutual funds? Here's why you must not rely only on past returns

What can you do to protect and grow your wealth amid market uncertainties?

Index fund AUMs surge more than double in the past one year

Explained: What is the difference between trading and investment?

Why you should choose liquid funds over bank deposits to park your idle money

Stock Check: JSW Infra jumps almost 100% from IPO price in 5 months; should you still buy?

Currently trading at around  <span class='webrupee'>₹</span>236, the newly listed JSW Infra has surged almost 100 percent jump from its IPO price of  <span class='webrupee'>₹</span>119 in less than 5 months. Technical and fundamental experts suggest if you should still buy the infra stock.

Axis Mobile App ranks top position on NPS leaderboard

According to a survey, Consumer awareness was most notable for payment platforms such as Paytm, Google Pay, and PhonePe. However, when it comes to Net Promoter Score, Axis Mobile App claims the top position with a score of 59, followed by ICICI Bank's iMobile Pay, and then BHIM.

Weekend Wrap: From Trent to Adani Power, top news and market movers this week: 27 October 2023

The stock market cycle is always a few months ahead of the economic cycle.

From top news makers to market performance, here's the market wrap for the week ended 27 October 2023.

Why rebalancing a portfolio provides a safety net against volatility?

Investing isn't a 'set it and forget it' game.

Rebalancing a portfolio provides a safety net by helping control volatility and minimizing the impact of market downturns, even though it may not always yield higher returns compared to an unbalanced, equity-heavy approach

Rebalancing of portfolio: What is it and why is this important?

Whenever the market spikes or declines, investors are supposed to rebalance their portfolio strategically in order to stay aligned to their financial goals

What is digital rupee?

The RBI's digital rupee, which is all set to be launched for retail users on December 1, is an exchangeable unit at par with the fiat currency and is described as being equivalent to a sovereign currency.

Topics to follow