CBDC — Digital Rupee (e₹)
CBDC — Digital Rupee (e₹) What is CBDC? A Central Bank Digital Currency (CBDC) is the digital form of a country’s sovereign fiat currency, issued and regulated by its central bank. India’s CBDC is called the Digital Rupee (e₹) or e-Rupee, issued by the Reserve Bank of India (RBI) as a direct liability of the central bank — just like physical cash. 1 Unlike private cryptocurrencies (Bitcoin, Ethereum), the Digital Rupee is legal tender — guaranteed by the Central Government under Section 26 of the RBI Act, 1934. 2 It is at par with physical currency and can be used as a medium of exchange, store of value, and unit of account. 3 ...