💬 Top 50 Frequently Asked Questions (FAQs) About e-Rupee (Digital Rupee)

🪙 Basic Understanding

What is the e-Rupee?
The e-Rupee (Digital Rupee) is India’s official digital currency issued by the Reserve Bank of India (RBI). It’s a Central Bank Digital Currency (CBDC) that holds the same value as physical cash.
Is the e-Rupee the same as cryptocurrency?
No. The e-Rupee is regulated and backed by the RBI, while cryptocurrencies are private, decentralized, and volatile.
Is the e-Rupee legal tender in India?
Yes. The e-Rupee is legal tender, meaning it must be accepted for all payments in India.
Who issues the e-Rupee?
The Reserve Bank of India (RBI) is the sole issuer of the e-Rupee.
What is the full form of CBDC?
CBDC stands for Central Bank Digital Currency.

Why did the RBI launch the e-Rupee?
To promote digital payments, financial inclusion, and reduce dependency on cash.
How is the e-Rupee different from UPI payments?
UPI transfers bank funds digitally, whereas the e-Rupee itself is the digital form of cash.
What is the goal of introducing the e-Rupee?
To modernize India’s financial system, enhance efficiency, and reduce transaction costs.
Is e-Rupee part of the Digital India initiative?
Yes. The e-Rupee supports the Digital India vision by promoting a cashless and paperless economy.
Does the e-Rupee replace physical cash?
Not yet. It is designed to complement physical cash, not completely replace it.

Who can use the e-Rupee?
Currently, users in pilot cities can use it via participating banks. Nationwide rollout is expected soon.
How can I access e-Rupee?
Through the CBDC (e-Rupee) wallet app provided by authorized banks.
Which banks offer the e-Rupee?
As of now, major banks like SBI, ICICI Bank, HDFC Bank, Yes Bank, and IDFC First Bank are part of the pilot.
Where can I download the e-Rupee wallet?
From your participating bank’s app or via official RBI-authorized platforms.
Can both individuals and businesses use it?
Yes, both individuals and merchants can use e-Rupee for payments and transactions.

How do I load money into my e-Rupee wallet?
By transferring funds from your bank account to your e-Rupee wallet through the app.
How do I make a payment using e-Rupee?
Simply scan a QR code or enter the receiver’s mobile number to transfer money instantly.
Can I send e-Rupee to another person?
Yes, you can make peer-to-peer (P2P) transfers easily using the e-Rupee wallet.
Can I use e-Rupee offline?
Yes. The e-Rupee supports offline payments via Bluetooth or NFC.
How long does a transaction take?
Transactions happen instantly, just like UPI or card payments.

Is the e-Rupee secure?
Yes. It uses RBI-level encryption and digital ledger technology for full security.
Can e-Rupee be hacked?
While no system is 100% immune, the e-Rupee is designed with advanced cybersecurity measures by the RBI.
Is my personal data safe with e-Rupee?
Yes. Transactions are recorded securely while maintaining user privacy.
What happens if I lose my phone?
Your e-Rupee wallet remains secure since it’s protected by PIN, biometrics, or device encryption.
Does e-Rupee require internet for all transactions?
No. It can also be used in offline mode in certain regions.

How much is 1 e-Rupee worth?
Exactly ₹1 — it holds the same value as physical cash.
Can I convert e-Rupee back to cash?
Yes. You can redeem or deposit your e-Rupee into your bank account anytime.
Are there fees for using e-Rupee?
Currently, there are no extra charges for using e-Rupee.
Can I use e-Rupee for international transactions?
Not yet, but the RBI may explore cross-border payment features in the future.
Can foreign nationals use e-Rupee in India?
Once fully implemented, tourists and foreign visitors may be allowed to use it.

Is e-Rupee based on blockchain?
It uses distributed ledger technology (DLT) concepts but is centrally controlled by the RBI.
What are the types of e-Rupee?
There are two types:

What makes e-Rupee different from digital wallets like Paytm or PhonePe?
Unlike wallets, e-Rupee is legal tender, not stored-value. It’s actual money, not just a payment method.
Will e-Rupee work with UPI QR codes?
Yes, RBI plans to integrate e-Rupee with existing UPI QR infrastructure for convenience.
Does e-Rupee earn interest like a bank account?
No. It behaves like cash — non-interest-bearing digital currency.

How will e-Rupee benefit India’s economy?
It will reduce cash handling costs, improve transparency, and promote financial inclusion.
Will it help prevent corruption or black money?
Yes. Digital traceability helps curb illegal and unaccounted cash transactions.
How does it help small businesses?
It allows low-cost, instant digital payments without needing internet or POS devices.
Is the e-Rupee eco-friendly?
Yes. It reduces the need for paper, ink, and logistics used in printing physical cash.
Can e-Rupee make cross-border trade easier?
In the future, it could simplify global remittances by eliminating intermediaries.

Is the e-Rupee wallet easy to use?
Yes. The app is designed to be user-friendly and similar to UPI wallets.
Do I need a bank account to use e-Rupee?
Initially, yes — but in the future, unbanked users may also access it through verified digital IDs.
Can I use e-Rupee on any smartphone?
Yes, it works on most Android and iOS smartphones.
Is there a limit to how much e-Rupee I can hold?
Yes, RBI may set transaction and holding limits for security and monetary control.
What if my transaction fails?
You can retry or contact your bank’s CBDC support team for quick resolution.

When will e-Rupee launch across India?
Full rollout is expected within the next few years after successful pilot testing.
Will it replace UPI in the future?
No. The e-Rupee and UPI will coexist and complement each other.
Can e-Rupee be used for government benefits or subsidies?
Yes. The government plans to use it for direct benefit transfers (DBTs) in the future.
Is the e-Rupee unique to India?
No. Many countries like China (e-CNY) and Bahamas (Sand Dollar) have similar digital currencies.
What is the future of e-Rupee in India?
It is set to transform India’s payment ecosystem, enabling faster, secure, and inclusive digital transactions for everyone.