......... ....... .......

[girish3456]

....... ....... .......

 

[hender]

RBI has recently introduced the Digital Rupee, a central bank digital currency (CBDC) that offers a user experience similar to UPI apps. However, there's a key distinction in how transactions are recorded. Transactions made using the Digital Rupee are only reflected in the Digital Rupee passbook within the respective bank’s app, and not in the regular bank account statement. The only entry that appears in your bank statement is the amount you load into the Digital Rupee wallet.


I’ve registered and started using the SBI Digital Rupee app, and after making a few small transactions, I noticed that these did not appear in my main bank statement. Instead, they were recorded exclusively in the Digital Rupee section of the app. Only the wallet loading transaction was visible in my account statement.


This seems like a thoughtful initiative by the RBI — it helps declutter bank statements by reducing the number of entries, making them cleaner and easier to review, especially for users who frequently make digital payments.

Please find below the screenshots of the bank account statement and the related SMS notifications for Digital Rupee transactions. (Note: The app’s passbook does not allow screenshots, so SMS messages have been shared as a reference.)

So Start using the Digital Rupee app and experience the future of digital payments!
Currently, the following nine banks have been selected as participants in the pilot program:

• State Bank of India (SBI)
• Bank of Baroda
• Union Bank of India
• HDFC Bank
• ICICI Bank
• Kotak Mahindra Bank
• Yes Bank
• IDFC First Bank
• HSBC Bank

View attachment 104019



View attachment 104018

This could potentially lead to the closure of some RuPay credit cards—unless they offer compelling benefits such as attractive cashback, airport lounge access, complimentary health checkups, golf or gym privileges, OTT subscriptions, and similar value-added services

Thanks for sharing your experience using it.
How do you find it different from the upi lite wallet, in usage.

 

[cardio_guycardio_guy is verified member.]

Ok so these small merchants who are stopping UPI payments nowadays in news due to all those tax evasion problems, will they adopt digital rupee? Is it beneficial in any way than UPI?

 

[nikhilv0303]

Isn’t UPI lite already solving for this problem?

 

[girish3456]

Isn’t UPI lite already solving for this problem?

Haven't tried it

 

[rajcasio]

Haven't tried it

So you haven't tried UPI LITE launched couple of years ago and suggesting to close RUPAY UPI CC after using this DIGITAL RUPEE?

 

[rajcasio]

This could potentially lead to the closure of some RuPay credit cards—unless they offer compelling benefits such as attractive cashback, airport lounge access, complimentary health checkups, golf or gym privileges, OTT subscriptions, and similar value-added services

Your statement is completely WRONG
Only the DIGITAL RUPEE(banks) should give compelling benefits to lure the customers

 

[shashankverma]

Wake up @girish3456
Digital Rupee was introduced long back and failed long back.
RBI introduced UPI Lite which already is a success

Digital Rupee by RBI is a sham that RBI will soon close. It's a disgrace introduced as an alternative to Crypto.

 

[telescope]

This could potentially lead to the closure of some RuPay credit cards

What nonsense is this? Credit card gives "credit", how this can be compared with cbdc where there is no credit?

CBDC is a failed product. Fullstop.