Digital form of the rupee issued by RBI. It is legal tender like cash. Pilots began in November 2022 (wholesale) and December 2022 (retail).
Also written as e₹.
Related terms in Payments & digital banking
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BBPS (Bharat BillPay)
Bharat Bill Payment System, an NPCI platform for paying electricity, water, gas, DTH and other bills through many apps and agents.
BHIM
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Contactless card
A debit or credit card with an NFC chip that you can tap on a machine to pay. Small payments up to a limit do not need a PIN.
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Debit card
A card linked to your bank account. Payments are taken straight from your balance.
FASTag
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IFSC
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