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The most significant benefit of e₹ is that it in incredibly secure. The transactions are end-to-end encrypted making it a safer, more secure mode of transaction. The RBI shall deem transactions conducted via e₹ as final.

For instance, if the central government wants to cover a particular treatment of an employee in a specified hospital, it can issue an e-RUPI voucher for the determined amount through a partner bank. The employee will receive an SMS or a QR Code on his feature phone/smartphone.

The e-RUPI launched by the government can be used for making payments under government welfare schemes such as Pradhan Mantri Jan Arogya Yojana (PM-JAY), Ayushman Bharat, and Mid-Day Meal Scheme ensuring that beneficiaries get the timely aid from the intended welfare schemes.

The central bank said that the transaction in digital rupee can happen between Person to Person (P2P) and Person to Merchant (P2M). Users will be able to make payments through e-Rupee using QR codes displayed at merchant locations, just like online transactions are done.

NPCI's e-RUPI is basically a digital voucher which a beneficiary gets on his phone in the form of an SMS or QR code. It is a pre-paid voucher, which he/she can go and redeem it at any centre that accepts its, as per the PIB website.

The Digital Rupee (e₹) or eINR or E-Rupee is a ised digital version of the Indian Rupee, issued by the Reserve Bank of India (RBI) as a central bank digital currency (CBDC). The Digital Rupee was proposed in January 2017 and launched on December 01, 2022.

Digital Rupee can be beneficial in areas such as financial inclusion, MSME financing, cross-border payments, securities settlement.

Paper notes vs. The biggest advantage of adopting digital currency is that it is very cost-effective. A significant amount of money gets saved by issuing eRupee compared to printing, distributing, managing, and storing paper notes.

The most significant benefit of e₹ is that it in incredibly secure. The transactions are end-to-end encrypted making it a safer, more secure mode of transaction. The RBI shall deem transactions conducted via e₹ as final.

For instance, if the central government wants to cover a particular treatment of an employee in a specified hospital, it can issue an e-RUPI voucher for the determined amount through a partner bank. The employee will receive an SMS or a QR Code on his feature phone/smartphone.

The e-RUPI launched by the government can be used for making payments under government welfare schemes such as Pradhan Mantri Jan Arogya Yojana (PM-JAY), Ayushman Bharat, and Mid-Day Meal Scheme ensuring that beneficiaries get the timely aid from the intended welfare schemes.

The central bank said that the transaction in digital rupee can happen between Person to Person (P2P) and Person to Merchant (P2M). Users will be able to make payments through e-Rupee using QR codes displayed at merchant locations, just like online transactions are done.

NPCI's e-RUPI is basically a digital voucher which a beneficiary gets on his phone in the form of an SMS or QR code. It is a pre-paid voucher, which he/she can go and redeem it at any centre that accepts its, as per the PIB website.

The Digital Rupee (e₹) or eINR or E-Rupee is a ised digital version of the Indian Rupee, issued by the Reserve Bank of India (RBI) as a central bank digital currency (CBDC). The Digital Rupee was proposed in January 2017 and launched on December 01, 2022.

Digital Rupee can be beneficial in areas such as financial inclusion, MSME financing, cross-border payments, securities settlement.

Paper notes vs. The biggest advantage of adopting digital currency is that it is very cost-effective. A significant amount of money gets saved by issuing eRupee compared to printing, distributing, managing, and storing paper notes.