How is the digital rupee different from UPI payments?
Digital Rupee in itself will be the underlying payment mode that can be used for digital payments in lieu of currency/cash
CBDC is a digital or virtual currency. Finance Minister Nirmala Sitharaman, while presenting Union Budget 2022-23 on February 1, had announced that Digital Rupee or Central Bank Digital Currency (CBDC) would be issued by the RBI in the coming fiscal year.
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