HARSH KUMAR

E-RUPEE
INDEX

INTRODUCTION

WHAT IS E-RUPEE?

DIFFERENCE BETWEEN E-RUPEE AND BTC?

DIFFERENCE BETWEEN E-RUPEE AND PHYSICAL CURRENCY

HOW TO USE E-RUPEE?

HOW IS E-RUPEE DIFFERENT THAN UPI?

BENEFITS OF E=RUPEE

FUTURE OF E-RUPEE

CHALLENGES OF E-RUPEE
INTRODUCTION

The Digital Rupee (e₹) or eINR or E-Rupee is

a tokenised 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.
WHAT IS E-RUPEE?

• CBDC is a sovereign currency issued by RBI.

• It appears as a liability on the Rebalance sheet.

•Must be accepted as a medium of payment, legal ter and a safe

store of value by antizens, enterprise spremalon agencies. Freely
convertible against commercial uanx mund

• Fungible legal tender for which holders need not have a bank
account.
 Difference
Bitcoin E-rupee
Decentralised Centralised

Public Blockchain Private Blockchain

Controlled by RBI
Not Controlled by any Org.
Backed by RBI
Doesn't have Intrinsic
Legal Tender in India
Value Not a Legal Tender
Considered as Currency
Considered Digital Asset
 DIFFERENCE BETWEEN E-RUPEE AND
PHYSICAL CURRENCY
E-RUPEE
• E-Rupee is a digital currency
that does not exist in physical
form.
• e-Rupee is considered to be
more secure than physical
currency as it is less
susceptible to counterfeiting.
• e-Rupee has a lower
environmental impact.
• The cost of issuing and
maintaining e-Rupee is lower
PHYSICAL CURRENCY
• Physical currency is coins and
notes that you can hold and see.
• physical currency can be more
secure in the sense that it is not
reliant on electronic systems
that could be hacked
• physical currency as it does not
require the production and
transportation of coins and
notes.
• the cost of issuing and
maintaining physical currency.
 HOW TO USE E-RUPEE
• Download the e-Rupee app from the Google Play
Store or Apple App Store.
• Create an account and verify your identity.
• Add money to your e-Rupee wallet. You can do this
by linking your bank account or by using a credit or
debit card.
• Once you have money in your wallet, you can use it
to make payments to merchants who accept e-
Rupee. You can also send e-Rupee to other people
using their phone numbers or QR codes.
 DIFFERENCE BETWEEN
E-RUPEE AND UPI
E-RUPEE
• e-Rupee is a digital currency
issued by the Reserve Bank
of India (RBI).
• e-Rupee is designed to be
used as a digital equivalent
of physical currency
• e-Rupee is transferred from
one wallet to another
• e-Rupee is considered to be
more secure than UP
UPI
• UPI is a payment system that
allows you to transfer money
between bank accounts.
• UPI is designed to facilitate
peer-to-peer (P2P) and
merchant payments.
• UPI transfers money from
one bank account to another.
• UPI transfers money from
one bank account to another.
 BENIFIT OF E-RUPEE
• Security: e-Rupee is a more secure way to make payments than
physical currency. It is less susceptible to counterfeiting and fraud
because it is a digital currency that is not stored in physical form.
• Convenience: e-Rupee is more convenient to use than physical
currency. It does not require you to carry cash, which can be lost or
stolen. You can use e-Rupee to make payments online, in stores, and
through mobile apps.
• Efficiency: e-Rupee transactions are processed faster than physical
currency transactions. This is because e-Rupee transactions are
electronic and do not require the physical transfer of cash.
• Environmental impact: e-Rupee has a lower environmental impact
than physical currency. It does not require the production and
transportation of coins and notes.
 FUTURE OF E-RUPEE
• e-Rupee can make it easier for people who do not
have access to traditional banking services to make
payments.
• e-Rupee transactions are traceable, which can make
it harder for people to engage in corrupt practices,
such as money laundering and tax evasion.
• e-Rupee can make it easier for businesses to conduct
transactions, which can lead to economic growth.
• e-Rupee transactions are processed faster than
physical currency transactions.
 CHALLENGES OF E-RUPEE
There are also some challenges associatedwith eRupee, including:
• Lack of widespread acceptance: e-Rupee is not yet widely accepted by
merchants and other businesses.
• Security concerns: Some people are concerned about the security of e-
Rupee transactions.
• Government restrictions: The government may impose restrictions on the
use of e-Rupee.