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Operate on digital currency issued by the Reserve Bank of India via a designated money wallet provided by your bank.
Access the digital rupee wallet at your bank now. (Representative Image)
If you’re a working professional, a businessman, or a long-term investor, you may have heard of the ‘Digital Rupee’. No, it’s not a cryptocurrency. Instead, it is a UPI-based digital version of India’s sovereign currency, issued and regulated directly by the Reserve Bank of India.
The Digital Rupee is a regulated legal tender issued by the RBI and functions like physical cash, but in digital form. Indian citizens with a registered bank account can hold, load, and spend the digital rupee through a designated wallet provided by participating banks. As the RBI continues to expand the rollout, more users are now eligible to sign up and use digital currency for everyday transactions.
Banks Offering Digital Rupee And Eligibility
The RBI initially began the retail pilot for the digital rupee at select banks, including State Bank of India (SBI), PNB, IndusInd Bank, and Federal Bank. Since then, the body has expanded the list and brought more banks into the digital rupee network. To be eligible to sign up for the digital rupee system, the candidates must have a registered savings account at any one of the participating banks.
These individuals must also have their bank’s mobile app supportive of the digital rupee feature, or their bank must provide a separate digital rupee application. Also, among the candidates, only those who meet KYC requirements and have active accounts can access the wallet services.
How To Get A Digital Rupee Wallet At Your Bank
Step-1: Open the bank’s mobile banking application and look for options like ‘Digital Rupee Wallet,’ ‘Retail CBDC,’ or ‘e₹ Wallet.’ Some banks have a separate digital rupee app, while others have integrated the facility into their existing apps.
Step-2: Before proceeding, check your KYC status and if your bank account is properly linked, with Aadhaar and PAN verification completed. Bank’s green signal wallet activation after assessing your KYC details.
Step-3: Once that is done, enter the application and select ‘Create e₹ Wallet’ or ‘Register for Digital Rupee’. Accept the terms and conditions listed below. You can then proceed to create a six-digit PIN. Remember this PIN as it helps lock or unlock the wallet and keep it safe.
Step-4: Upon securing the wallet activation, link your bank account with the digital rupee wallet via the app. It will allow you to load funds into the wallet. While the loading usually takes place via a bank, some banks also allow UPI-based inflow.
You can then start making your payments using mobile numbers, QR codes, or direct transfers if the recipient also has a Digital Rupee wallet.
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Delhi, India, India
February 19, 2026, 16:14 IST
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