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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.

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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.

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