Coming Soon
Now accept online retail
payments through Central Bank
Digital Currency (CBDC)
Merchants can now accept payments from customers via CBDC (e-rupee), the legal tender issued by the central bank in digital form. Experience this game-changing mode of payment and deliver greater flexibility and convenience.
Checkout using Digital Rupee (e₹)

Accepting payments via Digital Rupee is as easy as it can get. Central Bank Digital Currency (CBDC) or Digital Rupee or e₹ is a legal tender, similar to sovereign paper currency, issued in digital form by the Reserve Bank of India.

On the CCAvenue checkout page, customers can simply scan a unique QR code from their digital wallet bank app issued by the participating banks and the e₹ is transferred from the customer's digital wallet to your digital wallet. It's that simple!

And, the best part is that not a single line of code or additional integration is required for accepting Digital Rupee.

How it Works?
  • Step 1

    When making payment, customer selects CBDC as a payment option on CCAvenue payment page

  • Step 2

    A unique QR code is generated

  • Step 3

    Customer has to scan the QR code from their Digital Rupee wallet app to initiate the payment

  • Step 4

    Once the transaction is successful, the digital currency is transferred from the customer's digital wallet to the merchant's digital wallet

Frequently Asked Questions
What is a Central Bank Digital Currency (CBDC) or Digital Rupee or e₹ ?
What is a Central Bank Digital Currency (CBDC) or Digital Rupee or e₹ ?
Central Bank Digital Currency (CBDC) or Digital Rupee or e₹ is a legal tender, similar to sovereign paper currency, issued in digital form by the Reserve Bank of India. e₹ will offer features of physical cash like trust, safety and settlement finality with 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. At present, customers will be able to hold Digital Rupee and transact through a digital wallet offered by the participating banks.
Is the Digital Rupee a replacement for cash, debit cards or credit cards?
Is the Digital Rupee a replacement for cash, debit cards or credit cards?
Reserve Bank of India states that e₹ is aimed to complement and create an alternate to physical currency and not replace current forms of money.
Where can Digital Rupee be held?
Where can Digital Rupee be held?
e₹ can be held in a digital wallet issued by the participating banks. The e₹ wallet or the digital wallet is a digital representation of your physical wallet, which will store your digital currency. e₹ can be withdrawn/deposited from your existing savings/current bank account which is linked to your digital wallet.
How is e₹ different from UPI or other fund transfer mode such as NEFT/RTGS/IMPS?
How is e₹ different from UPI or other fund transfer mode such as NEFT/RTGS/IMPS?
  • e-Rupee is legal tender, not a payment medium e-Rupee is an electronic form of sovereign currency while UPI applications such as Google Pay, PhonePe, NEFT, and RTGS are different methods of transferring funds or payment mediums.
    The key difference between Digital Rupee and UPI is that Digital Rupee is a store of value like currency and UPI is just an overlay infrastructure on top of any form of store of value like bank accounts (which have normal currency), prepaid instruments, credit cards, etc. UPI can be an overlay on any store of value. The e-Rupee is a store of value that can be transferred digitally instantly with finality of settlement.
  • No intermediation of banks Digital transactions in UPI or NEFT or RTGS must go through a bank while in the case of the e-Rupee, the money is transferred from one digital wallet to another digital wallet, and there is no routing or intermediation of the bank.
Who can use the Digital Rupee?
Who can use the Digital Rupee?
At present, customers will be able to transact using the Digital Rupee through a digital wallet linked to their savings/current bank account offered by the participating banks in the first phase of the pilot programme such as IDFC First Bank, ICICI Bank, State Bank of India (SBI), and YES Bank. While Bank of Baroda, Union Bank of India, HDFC Bank, and Kotak Mahindra Bank will join the pilot in the second phase. Currently, customers and merchants in closed user groups (CUG) in select locations in Mumbai, New Delhi, Bengaluru, and Bhubaneswar can use retail e-Rupee via the e-wallets of the above-mentioned banks taking part in the launch.
Is Digital Rupee a cryptocurrency?
Is Digital Rupee a cryptocurrency?
No. e₹ is the same as a fiat currency and it is exchangeable one-to-one with government-issued money. It is similar to a banknote or coin that we use daily, only it is in a digital form and has intrinsic value as it represents a claim on the Reserve Bank's balance sheet. e₹ is issued by the Reserve Bank and is a legal tender. Crypto products such as Bitcoin on the other hand do not exhibit any features of a currency, do not have any intrinsic value, are not backed by assets and are not issued by a central trusted authority, such as RBI.
How can Digital Rupee (CBDC) be used for online retail payments?
How can Digital Rupee (CBDC) be used for online retail payments?

You can transact in e₹ through your convenient and safe digital wallet offered by any of the participating banks. This e₹ wallet is like your physical wallet in digital form, within your bank's app. You can use your bank app to make e₹ payments to merchant's or another individual's e₹ wallet.

To facilitate payments to merchants, CCAvenue offers Digital e₹ as a payment option on the payment/checkout page. On selecting the option, customer is displayed a unique QR code, which they must scan from within their digital wallet bank app. Once the transaction is successful, the digital currency is transferred from the customer's digital wallet to the merchant's digital wallet.

How to register for Digital Rupee wallet?
How to register for Digital Rupee wallet?

Customers and merchants holding bank accounts with the participating banks will be presented with the option to create their e₹ wallet linked to their savings/current bank account. They can follow the banks process to set up this digital rupee wallet.

How to load the Digital Rupee wallet?
How to load the Digital Rupee wallet?

Loading money in your e₹ wallet is easy and quick. Download the CBDC app and register with the mobile number linked to your savings/current bank account with the participating bank. Once you have registered successfully and a wallet ID is created, you can load the digital wallet by transferring the desired funds from your linked bank account. After successful PIN verification, the linked account will be debited, and the e₹ (Digital Rupee) will be credited to your digital wallet instantly.

How to redeem an e₹ wallet and transfer that to a bank account?
How to redeem an e₹ wallet and transfer that to a bank account?

Redeeming Digital Rupees from the e₹ wallet is a straightforward process. Enter the amount you wish to redeem, select the linked bank account to be credited and follow the bank's instructions. After successful PIN verification, the linked account will be credited with the equivalent amount, and e₹ wallet will be debited instantly.

Is Digital Rupee secure?
Is Digital Rupee secure?

Yes, Digital Rupee is safe and secure. There is a robust cyber-security framework to ensure that e₹ is kept secure. It provides access to safe money for payment and settlement as it is a direct liability of the Central Bank. If you lose your physical wallet, retrieving the same is very difficult, however, in case of Digital Rupee wallet, the money is safe even if the device on which the wallet is saved, is lost as the same is protected by PIN and can be retrieved.

How many digital wallets can be used by a single user?
How many digital wallets can be used by a single user?

One user can have only one digital wallet with one participating bank, which is linked to their savings/current bank account. However, he can have multiple digital wallets with various other participating banks with whom he holds his savings/current bank account.

Is there a minimum balance required to open/maintain the e₹ wallet?
Is there a minimum balance required to open/maintain the e₹ wallet?

No. There is no minimum balance required to open/maintain e₹ wallet.

Are there any limits applicable on e₹ wallets and usage?
Are there any limits applicable on e₹ wallets and usage?

e₹ can be used 24 hours, 7 days a week and 365 days a year. However, there are some limitations on the holding capacity, volume and value of transactions, defined by each participating bank.

Is the Digital Rupee accepted globally?
Is the Digital Rupee accepted globally?

Digital Rupee works exactly like the fiat currency and it is exchangeable one-to-one with government-issued money. Currently global transfers through e₹ wallet is not available.

Is Digital Rupee transferable or exchangeable between the participating banks?
Is Digital Rupee transferable or exchangeable between the participating banks?

Digital Rupee is interoperable between the participating banks. For instance, a user can transfer e₹ from his bank's e₹ wallet to another user's e₹ wallet in another participating bank.