The Digital Rupee (e₹), also known as Central Bank Digital Currency (CBDC), is a digital representation of currency notes produced by the Reserve Bank of India. It is quite similar to banknotes, but because it is digital, it is likely to be easier, faster, and less expensive. It also has all of the transactional advantages of other types of digital currency. Digital currency is basically payment systems which involve digital transactions in electronic form and is not physically tangible like rupee.
