Digital Rupee: Soon you will be able to complete this transaction through e-Rupee.
New Delhi : Even RBI (RBI) The digital age is upon us. The digital currency was introduced by the RBI late last year. (digital currency) Had started Of course, this is still a pilot project. This pilot project is limited to a few banks and vendors. In this pilot project, RBI has included a fruit seller and a tea seller in Mumbai. Through these, what are the limitations and problems in retailing, what improvements can be made, it is being investigated. Business tycoon Anand Mahindra (Anand Mahindra) Part one of the project took place on Wednesday. they e-Rs (e-rupee payment) completed the transaction through
A fruit seller and a tea seller in Mumbai are participating in the Digital Rupee pilot project. Bachelal Sahni, a resident of Bihar, is a fruit seller. Jagdish Patel, a native of Rajasthan, sells tea in front of the RBI headquarters.
Both of these are part of the digital currency project. Mahindra bought pomegranates from Sahni and paid in digital rupees instead of cash. The transaction was completed through e-Rs. Anand Mahindra shared his experience about this on Twitter.
I came to know about this today in the board meeting of the Reserve Bank @RBI Digital currency – E-Rupee. Right after the meeting, I met Bacha Lal Sahni, a nearby fruit seller, who is one of the first traders to accept this. #Digital India into action! (Got great pomegranates too!) pic.twitter.com/OxFRWgI0ZJ
— Anand Mahindra (@anandmahindra) January 25, 2023
On Wednesday, Anand Mahindra shared a video about this. There was an opportunity to learn about digital currency in the Reserve Bank meeting. After meeting, bought fruit from Bachelal Sahni. Sahni is one of the few traders in the country who can transact through e-rupee. Mahindra tweeted that he was paid in digital rupees.
Sahni has been selling fruits in front of the RBI headquarters in Mumbai for the last 29 years. This is how his family earns their livelihood. RBI included them in the Digital Rupee pilot project. digital rupee CBDC-R Retailers have joined.
Fruit seller Bachelal Sahni informed about his participation in this project. Accordingly, RBI had given him the QR code of Digital Rupee. He has an account with IDFC First Bank (IDFC First Bank) opened. He is receiving transaction amount of e-Rs. in this account.
So far digital payment of about Rs 1500 has been made in Sahni’s account. Tea seller Jagdish Patel has been selling tea for the last 20 years. They have also been given a QR code to accept digital payments. The amount is also being deposited in his account.
by Reserve Bank of India (RBI) On the first day in December 2022, 1.71 crore digital currency was issued. Four banks had demanded this currency in the pilot project. In the first phase, Digital Rupee was launched in Delhi, Mumbai, Bangalore and Bhubaneswar. Digital currency was made available through four banks.
In the first phase, in four cities of the country State Bank Of India, ICICI Bank, Yes Bank And IDFC First Bank The currency was introduced into the market by them. Due to which customers complete transactions through virtual currency.
Banks like Bank of Baroda, Union Bank of India, HDFC Bank and Kotak Mahindra are also involved in this project. In the second pilot phase, the digital rupee will ring in Ahmedabad, Gangtok, Guwahati, Hyderabad, Indore, Kochi, Lucknow, Patna and Shimla.
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