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Decoding the Digital Rupee (e₹): FAQs on CBDC and Why Prodevans Technologies is

Indiau2019s payments revolution through digital has achieved a landmark with the launch of CBDC u2013 Central Bank Digital Currency, referred to as the Digital Rupee or eu20b9. Triggered and overseen by the Reserve Bank of India (RBI), this is presently undergoing pilot testing in both retail and wholesale segments in India.<br><br>But what is eu20b9, why, and how, and why should financial institutions and businesses begin preparing now? This FAQ extensively addresses the most common queries about how Prodevans Technologies is executing the safe, scalable, and compliance-adherent implementation of the CBDC adoption

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Decoding the Digital Rupee (e₹): FAQs on CBDC and Why Prodevans Technologies is

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  1. Decoding the Digital Rupee (e₹): FAQs on CBDC and Why Prodevans Technologies is Your Trusted Tech Partner India’s payments revolution through digital has achieved a landmark with the launch of CBDC – Central Bank Digital Currency, referred to as the Digital Rupee or e₹. Triggered and overseen by theReserve Bank of India(RBI), this is presently undergoing pilot testing in both retail and wholesale segments in India. But what is e₹, why, and how, and why should financial institutions and businesses begin preparing now? This FAQ extensively addresses the most common queries about howProdevans Technologiesis executing the safe, scalable, and compliance-adherent implementation of the CBDC adoption that is What is the Digital Rupee (e₹)? The Digital Rupee (e₹) represents the Central Bank Digital Currency (CBDC) of RBI. It is the digital equivalent of India’s legal tender and has the same value as a physical ₹. e₹ is created by RBI and exchanged digitally by secure mobile wallets. How Does e₹ Work? The official slogan of the Digital Rupee is:Cash but Digital. The e₹ (Digital Rupee) operates much like physical currency, but in a secure digital format: • It is stored inmobile-based digital walletsissued by banks and financial institutions participating in the RBI-led pilot program. • Users cansend, receive, and make payments, just like they would with cash. • e₹ supports bothpeer-to-peer (P2P)andpeer-to-merchant (P2M)transactions usinge₹ QR codesor evenUPI-compatible QR codes.

  2. • TheReserve Bank of India (RBI)is thesole issuerof the Digital Rupee, providing it with asovereign guaranteethat ensurespublic trust and confidence, just like physical currency. What is an e₹ Wallet? An e₹ wallet is amobile applicationon your smartphone thatstores your Digital Rupee (e₹)and allows you to use it for transactions—just like a physical wallet. It is made available by leading banks such asSBI, ICICI, HDFC, Kotak Mahindra Bank, and others participating in the RBI’s digital currency pilot. These wallets arecompatible with both Android and iOS platformsand are designed to besecure, user-friendly, and easily accessible. To ensure safety,strong privacy and security protocolsare implemented—user data is encrypted, transactions are authenticated, and wallet access is protected bymulti-factor authenticationto safeguard against unauthorized use. Key Features and Benefits of Retail e₹ • Legal Tender: Backed by the Reserve Bank of India and holds the same value as cash. • Safe and Secure: Robust cybersecurity measures and data recovery mechanisms. • Accessibility & Convenience: No transaction fees– all transactions are completely free. No minimum balance requirement– making it accessible to all segments of society. • Offline Functionality: Supports transactions without internet through NFC or telecom connectivity. • Programmability: Enables specific-use transactions for government and corporate schemes. • Denomination Support: Available in familiar currency values like ₹5, ₹10, ₹20, etc. What is Wholesale CBDC (e₹-W)? TheWholesale CBDC (e₹-W)is designed for use by financial institutions for large-scale and interbank transactions. Unlike the retail version used by the public, e₹-W streamlinesinterbank settlements, government security transactions, and call money marketsthrough programmable smart contracts. For example, whenBank A needs to transfer large sums to Bank Bas part of a daily settlement, e₹- W can execute the transactioninstantly and securelyusingprogrammable smart contracts— eliminating delays and reducing risk. Who Can Use e₹? Users and merchants registered with 15 pilot banks and institutions have access to the e₹ wallet in this instance. To be able to transact digitally, participants need to download the app for Android or iOS, register, and start. Source What Are the Differences Between e₹ and UPI?

  3. UPI is a payments interface that makes it easier to move money between bank accounts, e₹ is a real digital money. e₹ money is held directly in the digital wallet and can be freely used outside of the banking system, which includes instantaneous wallet-to-wallet transactions. Think of it like this: UPI is like doing an online bank transfer. e₹ is like having real cash in your phone that you can give directly to someone. What is the Programmability Feature? One example of such a use could be e₹ money, which is a programmable money. Government subsidies, employee allowances, and interest subvention schemes are some cases in which this feature is ideal. What About Offline Transactions? In order to make sure that people are included digitally, e₹ also facilitates offline transactions through various methods such as NFC or telecom-based technologies which can be used in places with low connectivity like remote villages or in case of network failure. No Fees, No Minimums, Full Accessibility Using e₹ is free of cost. There are no charges, no minimum balance requirements, and no interest is paid on wallet balances, as e₹ mimics the behavior of physical cash. Just like physical cash,you don’t earn any intereston the amount stored in your e₹ wallet. It’s designed tomimic the behavior of actual currency notes, making it simple, accessible, and inclusive for all. Why Choose Prodevans Technologies? As the Indian financial ecosystem gears up for a digital currency future,Prodevans Technologiesemerges as atrusted CBDC technology implementation partner. Withdeep domain expertiseandproven digital infrastructure capabilities, Prodevans helpsfinancial institutions, fintechs, and government agenciesadopt and scale CBDC usage with confidence. Now is the time to act—India’s digital currency landscape is evolving rapidly, and early adoption means staying ahead of the curve. What We Offer: 1. Full-Stack Wallet Solutions Secure, user-friendly e₹ wallets tailored for banks, businesses, and government institutions. 2. Programmable Transaction Engines Smart contract-based automation for subsidies, allowances, and conditional disbursements. 3. Regulatory-Ready Compliance End-to-end KYC/AML, audit logs, data encryption, and alignment with RBI mandates. 4. Offline & Interoperable Systems NFC-enabled apps, UPI-CBDC QR scanning compatibility, and fallback recovery solutions. 5. Scalable Deployment Models From pilot rollouts to enterprise-grade deployments across states and sectors. With24/7

  4. supportand a commitment tocontinuous improvement, Prodevans delivers not just implementation—but long-term partnership. Your Roadmap to CBDC Adoption with Prodevans Step Action Outcome Consult Contact Prodevans for a CBDC readiness consultation Get expert advice and scope your pilot Choose Choose your deployment model (retail/wholesale) Tailored CBDC solutions for your sector Deploy Launch secure e₹ wallets and programmable features Ensure user adoption and compliance Optimise Monitor, scale, and optimize Analyze performance, grow securely Final Thoughts The Digital Rupee goes beyond a technological breakthrough because it is the very basis of new transaction methods in India for the coming years. By leveraging speed, security, transparency, and inclusion, e₹ is set to revolutionize the way we view finance. Now is the time if you are a bank, an enterprise, or a public institution that wishes to be part of this future. Join hands with Prodevans Technologies to develop a robust, scalable, and compliant CBDC infrastructure that will give you a leading position in the digital currency market. Early adopters gain a crucial first-mover advantage—setting industry benchmarks, building trust faster, and unlocking long-term competitive edge. To schedule a free consultation, visitwww.prodevans.com Resources • RBI Official e₹ FAQs • Digital Rupee on Wikipedia • RBI Press Releases on CBDC Pilots • https://www.mdpi.com/2674-1032/1/4/345?utm_source • https://www.linkedin.com/pulse/project-sand-dollar-bahamas-case-study-richard-ng- cputc?utm_source • https://www.wired.com/story/chinas-digital-yuan-ecny-works-just-like-cash- surveillance/?utm_source

  5. Meta Title "Digital Rupee FAQs & CBDC Guide – Prodevans Technologies" Focused Keywords • digital rupee FAQs • CBDC India • digital rupee guide • Prodevans Technologies CBDC • e-rupee wallet solutions • retail CBDC implementation • wholesale CBDC features • CBDC compliance India Contact us : OUR ADDRESS 403, 4TH FLOOR, SAKET CALLIPOLIS, Rainbow Drive, Sarjapur Road, Varthurhobli East Taluk, Doddakannelli, Bengaluru Karnataka 560035 OUR CONTACTS • contact@prodevans.com • +91 97044 56015 422, Manjeera Majestic Commercial JNTU Rd, Kukatpally, Hyderabad Telangana 500072

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