Imagine the e-Rupee as digital cash running on a super-secure spreadsheet that everyone trusts—and that’s essentially what blockchain gives it. Instead of a bank updating your balance behind closed doors, copies of this “spreadsheet” exist with the RBI and its partner banks. Every time someone spends or receives e-Rupees, that transaction is added as a […]
What is the e-Rupee? Imagine you give your younger sibling ₹500 each month for pocket money—but you only want them to spend it on lunch at school, not on video games or toys. With the programmable e-Rupee, you can “lock” those ₹500 so they only work at the school cafeteria. Here’s how it works step
Over the past five fiscal years (FY2020–25), 11 public sector banks in India have collected nearly ₹9,000 crore in penalties from customers who failed to maintain the prescribed minimum balances in their savings accounts. It’s easy to overlook a small shortfall one month, but when multiplied by millions of account holders and levied consistently, these
