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About CBDC

CBDC, or Central Bank Digital Currency, is a legal tender issued by the Reserve Bank of India. Also called the “digital rupee” or e₹, it is will offer features of physical cash like trust, safety and settlement finality with atomicity (i.e. immediate settlement of transactions) in digital mode. e₹ represents a direct claim on the central bank. It can be used to carry out transactions or store value digitally, similar to the manner in which currency notes can be used in physical form.

The conversion rate will be 1 Digital Rupee = 1 Rupee and it will have the denominations as the physical Rupee i.e. ₹ 1, ₹ 2, ₹ 10, ₹ 20, ₹ 50, ₹ 100 and so on. The e₹ will be held in an e₹ wallet issued by banks like IDFC FIRST Bank.

Thank you for trusting our bank. We feel the responsibility to provide you with latest opportunities and participation in e₹ pilot is one such rare opportunity.

Become an IDFC FIRST Bank Savings account holder to sign up for digital rupee pilot

Open Account Now

Sign-up for e-Rupee Pilot

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Who is eligible?

  • Bespoke private banking solutions to help you manage, preserve and grow your wealth
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How do I sign up?

  • A wide range of wealth creation and protection solutions personalized to meet all your financial needs
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How do I add money to e-rupee wallet?

  • You can do so by connecting your IDFC FIRST Bank account. Click here to begin.

Who can use e₹?

In the first pilot of central bank digital currency – Retail (Digital Rupee - e₹), few customer banks have been selected to be a part of the Closed User Group (CUG) and this opportunity will provide a glimpse of the future of digital currency in India. You can transact in e₹ through a convenient and safe digital wallet. This e₹ wallet will be like your physical wallet in digital form, on your android device. Currently it is not available for iOS users.

We will open the application to more customers as and when we receive the intimation from the RBI.

Become an IDFC FIRST Bank Savings account holder to sign up for digital rupee pilot

Open Account Now

Wallet Creation & Loading

  • Link IDFC FIRST Bank account

  • Pick account to transact

  • Start using e₹ at listed merchants

Ways to transact using the digital rupee

Want to be part of IDFC FIRST Bank e-rupee movement? Let us know

  • Scan e₹ QR code to pay a merchant
  • Transfer money to friend’s or family via linked mobile number
  • Load your e₹ wallet via linked IDFC First bank account or UPI
  • Get instant money in your e₹ wallet from friends 24/7 as all transaction are instant.
Notify Me

Have questions? Here are the answers!

What is a central bank digital currency (CBDC)?

“Digital Rupee” or “e₹” is a legal tender, similar to sovereign paper currency, and is issued in digital form by the Reserve Bank of India. e₹ will offer features of physical cash like trust, safety and settlement finality with atomicity (i.e. immediate settlement of transactions) in digital mode. e₹ represents a direct claim on the central bank. It can be used to carry out transactions or store value digitally, similar to the manner in which currency notes can be used in physical form.

What are the key features of e₹?

Consequat te olim letalis premo ad hos olim odio olim indoles ut venio iusto. Euismod, sagaciter diam neque antehabeo blandit, jumentum transverbero luptatum. Lenis vel diam praemitto molior facilisi facilisi suscipere abico, ludus, at. Wisi suscipere nisl ad capto comis esse, autem genitus. Feugiat immitto ullamcorper hos luptatum gilvus eum. Delenit patria nunc os pneum acsi nulla magna singularis proprius autem exerci accumsan.

Praesent duis vel similis usitas camur, nostrud eros opes verto epulae feugiat ad. Suscipit modo magna letalis amet et tego accumsan facilisi, meus. Vindico luptatum blandit ulciscor mos caecus praesent sed meus velit si quis lobortis praemitto, uxor.

Will e₹ replace cash, debit cards and credit cards?

Consequat te olim letalis premo ad hos olim odio olim indoles ut venio iusto. Euismod, sagaciter diam neque antehabeo blandit, jumentum transverbero luptatum. Lenis vel diam praemitto molior facilisi facilisi suscipere abico, ludus, at. Wisi suscipere nisl ad capto comis esse, autem genitus. Feugiat immitto ullamcorper hos luptatum gilvus eum. Delenit patria nunc os pneum acsi nulla magna singularis proprius autem exerci accumsan.

Praesent duis vel similis usitas camur, nostrud eros opes verto epulae feugiat ad. Suscipit modo magna letalis amet et tego accumsan facilisi, meus. Vindico luptatum blandit ulciscor mos caecus praesent sed meus velit si quis lobortis praemitto, uxor.

How can I earn 10x reward points?

Consequat te olim letalis premo ad hos olim odio olim indoles ut venio iusto. Euismod, sagaciter diam neque antehabeo blandit, jumentum transverbero luptatum. Lenis vel diam praemitto molior facilisi facilisi suscipere abico, ludus, at. Wisi suscipere nisl ad capto comis esse, autem genitus. Feugiat immitto ullamcorper hos luptatum gilvus eum. Delenit patria nunc os pneum acsi nulla magna singularis proprius autem exerci accumsan.

Praesent duis vel similis usitas camur, nostrud eros opes verto epulae feugiat ad. Suscipit modo magna letalis amet et tego accumsan facilisi, meus. Vindico luptatum blandit ulciscor mos caecus praesent sed meus velit si quis lobortis praemitto, uxor.

How can I earn 10x reward points?

Consequat te olim letalis premo ad hos olim odio olim indoles ut venio iusto. Euismod, sagaciter diam neque antehabeo blandit, jumentum transverbero luptatum. Lenis vel diam praemitto molior facilisi facilisi suscipere abico, ludus, at. Wisi suscipere nisl ad capto comis esse, autem genitus. Feugiat immitto ullamcorper hos luptatum gilvus eum. Delenit patria nunc os pneum acsi nulla magna singularis proprius autem exerci accumsan.

Praesent duis vel similis usitas camur, nostrud eros opes verto epulae feugiat ad. Suscipit modo magna letalis amet et tego accumsan facilisi, meus. Vindico luptatum blandit ulciscor mos caecus praesent sed meus velit si quis lobortis praemitto, uxor.

How can I earn 10x reward points?

Consequat te olim letalis premo ad hos olim odio olim indoles ut venio iusto. Euismod, sagaciter diam neque antehabeo blandit, jumentum transverbero luptatum. Lenis vel diam praemitto molior facilisi facilisi suscipere abico, ludus, at. Wisi suscipere nisl ad capto comis esse, autem genitus. Feugiat immitto ullamcorper hos luptatum gilvus eum. Delenit patria nunc os pneum acsi nulla magna singularis proprius autem exerci accumsan.

Praesent duis vel similis usitas camur, nostrud eros opes verto epulae feugiat ad. Suscipit modo magna letalis amet et tego accumsan facilisi, meus. Vindico luptatum blandit ulciscor mos caecus praesent sed meus velit si quis lobortis praemitto, uxor.

How can I earn 10x reward points?

Consequat te olim letalis premo ad hos olim odio olim indoles ut venio iusto. Euismod, sagaciter diam neque antehabeo blandit, jumentum transverbero luptatum. Lenis vel diam praemitto molior facilisi facilisi suscipere abico, ludus, at. Wisi suscipere nisl ad capto comis esse, autem genitus. Feugiat immitto ullamcorper hos luptatum gilvus eum. Delenit patria nunc os pneum acsi nulla magna singularis proprius autem exerci accumsan.

Praesent duis vel similis usitas camur, nostrud eros opes verto epulae feugiat ad. Suscipit modo magna letalis amet et tego accumsan facilisi, meus. Vindico luptatum blandit ulciscor mos caecus praesent sed meus velit si quis lobortis praemitto, uxor.

How can I earn 10x reward points?

Consequat te olim letalis premo ad hos olim odio olim indoles ut venio iusto. Euismod, sagaciter diam neque antehabeo blandit, jumentum transverbero luptatum. Lenis vel diam praemitto molior facilisi facilisi suscipere abico, ludus, at. Wisi suscipere nisl ad capto comis esse, autem genitus. Feugiat immitto ullamcorper hos luptatum gilvus eum. Delenit patria nunc os pneum acsi nulla magna singularis proprius autem exerci accumsan.

Praesent duis vel similis usitas camur, nostrud eros opes verto epulae feugiat ad. Suscipit modo magna letalis amet et tego accumsan facilisi, meus. Vindico luptatum blandit ulciscor mos caecus praesent sed meus velit si quis lobortis praemitto, uxor.

How can I earn 10x reward points?

Consequat te olim letalis premo ad hos olim odio olim indoles ut venio iusto. Euismod, sagaciter diam neque antehabeo blandit, jumentum transverbero luptatum. Lenis vel diam praemitto molior facilisi facilisi suscipere abico, ludus, at. Wisi suscipere nisl ad capto comis esse, autem genitus. Feugiat immitto ullamcorper hos luptatum gilvus eum. Delenit patria nunc os pneum acsi nulla magna singularis proprius autem exerci accumsan.

Praesent duis vel similis usitas camur, nostrud eros opes verto epulae feugiat ad. Suscipit modo magna letalis amet et tego accumsan facilisi, meus. Vindico luptatum blandit ulciscor mos caecus praesent sed meus velit si quis lobortis praemitto, uxor.

How can I earn 10x reward points?

Consequat te olim letalis premo ad hos olim odio olim indoles ut venio iusto. Euismod, sagaciter diam neque antehabeo blandit, jumentum transverbero luptatum. Lenis vel diam praemitto molior facilisi facilisi suscipere abico, ludus, at. Wisi suscipere nisl ad capto comis esse, autem genitus. Feugiat immitto ullamcorper hos luptatum gilvus eum. Delenit patria nunc os pneum acsi nulla magna singularis proprius autem exerci accumsan.

Praesent duis vel similis usitas camur, nostrud eros opes verto epulae feugiat ad. Suscipit modo magna letalis amet et tego accumsan facilisi, meus. Vindico luptatum blandit ulciscor mos caecus praesent sed meus velit si quis lobortis praemitto, uxor.

How can I earn 10x reward points?

Consequat te olim letalis premo ad hos olim odio olim indoles ut venio iusto. Euismod, sagaciter diam neque antehabeo blandit, jumentum transverbero luptatum. Lenis vel diam praemitto molior facilisi facilisi suscipere abico, ludus, at. Wisi suscipere nisl ad capto comis esse, autem genitus. Feugiat immitto ullamcorper hos luptatum gilvus eum. Delenit patria nunc os pneum acsi nulla magna singularis proprius autem exerci accumsan.

Praesent duis vel similis usitas camur, nostrud eros opes verto epulae feugiat ad. Suscipit modo magna letalis amet et tego accumsan facilisi, meus. Vindico luptatum blandit ulciscor mos caecus praesent sed meus velit si quis lobortis praemitto, uxor.

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