ilmscore | What Is Digital Rupee? | CA Rachana Ranade | #shorts

What Is Digital Rupee? | CA Rachana Ranade | #shorts

Published: 2022-12-03
Status: Available | Analyzed

Predictions from this Video

Total: 2
Correct: 0
Incorrect: 0
Pending: 2
Unrated: 0
Prediction
Topic
Status
Customers will be able to request and receive the digital rupee in their mobile app wallets, enabling person-to-person and person-to-merchant transactions, similar to physical currency.
"Customers will be able to place their request for digital rupee through the digital wallets in their mobile app provided by the Banks and the requested amount shall get credited to their digital wallet which will look just like the physical currency using which transactions can be done both person to person and person to the merchant"
e₹
Pending
The Indian government's expense for printing currency notes (around 5000 crore rupees in 2020-2021) is predicted to decrease significantly, potentially to zero, due to the launch of its digital currency pilot project on December 1st, 2022.
"this expense can go down to zero but how well for that India has launched its retail pilot project of digital currencies starting today from 1st December 2022."
Indian Government Currency Printing Expenses
Pending