How to use e-Rupee | Digital Rupee App Tutorial | CBDC

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Chapters:
0:00 Introductions to e-Rupee
0:57 What is Digital Rupee?
3:04 Difference Between e-Rupee & Bitcoin
4:27 How does Digital Rupee look?
4:52 How to use the Digital Rupee App?
6:26 Digital Rupee Registration Process
6:52 How to load Digital Rupee Wallet?
8:47 Redeem Money from Digital Rupee App
9:17 Magic Amount
10:40 Sending money via Digital Rupee App
11:37 Experiment 1
12:32 Experiment 2
13:40 Experiment 3
14:20 Experiment 4
15:00 Difference between Digital Rupee and UPI
15:55 Benefits of Digital Rupee
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Read the detailed article here: labourlawadvisor.in/blog/is-e...
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Shot & Edited by : Rohan Agarwal
Presented by : RJ (Rishabh Jain), Anadi Andy
Research by : RJ (Rishabh Jain), Anadi Andy, Rohan Agarwal
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[@LabourLawAdvisor]

Subscribe to our Free Newsletter👇 nl.lla.in

[@ritikasingh3114]

Minimum Amount after adding all notes and coins(excluding ₹2000note) It would be ₹888.50

[@motivsuccess88]

Subscribed ❤

[@9thbronakjain103]

E rupee offline bhi send ho sukta hai ?

[@roooo5643]

​@@himanshuranjansumanchaudha54318:37

[@Furquan-Alig]

Minimum Kitni amount Ek Bar Mein bhej sakte hain

[@abhisarsahu6695]

Really enjoyed watching this. 1. No BS 2. Straight to the point 3. No unnecessary animations 4. Made with just the right amount of Pictures and Text . In essence, simple, clean and precise. Kudos LLA Team.!! Love your work.

[@Goswamidas_aman]

Redeem nhi ho rha hai

[@yashxgx]

then tell me how can someone load his E-Rupee wallet if he doesn't have a bank account?

[@FaizanKhan-oi3rj]

@@yashxgx only when some send u , bro u cant have money if u dont have it actually

[@GladsonTomAbraham-tk6pg]

Let's think about this, the benefit of UPI payment is our cash is in bank's hand so they are ready to provide us an 3-4 percent of interest but in case of e-rupee it will remains same,. Govt. Should think about this issue and the inflation as well. 18:28 18:28

[@ramikla_146]

You will soon find out that your personal autonomy is no more YOU WILL OWN NOTHING AND BE HAPPY YOU DON’T OWN YOUR MONEY WITH A CBDC

[@sumitkapadia1509]

For end users as of day no strong reason using this over UPI. Its seems mostly for currency tracking and reduction of physical banknotes which benefits RBI.

[@CreativeVibesYTx]

Only for tracking purpose...

[@train_xc]

True

[@Sj-yf2jg]

Yes you are right. they want full control

[@yuguikey5048]

​@@CreativeVibesYTx this also reduce the chances of forged currency

[@Goswamidas_aman]

Redeem nhi ho rha hai

[@user-hx6xy6sc1y]

Piche wala light chubhta hai aankh me😢

[@akki25ify]

You guys are doing an amazing work. No unwanted endorsements or ads, straight to the point and always explained in detail. You guys dont beat around the bush. Keep up the amazing work u do, u have been very helpful.. !!!

[@KPai]

I have a question, does it work offline? The biggest problem with UPI is transaction failures. This involves internet, Bank processing. If they are trying to mimic cash by introducing e-rupi then they should make it work offline, so that it works instantly and people start using it more. One more thing, they should do is allow people to go to bank, deposit physical notes and receive exact same tokens in e-rupi wallet. This will encourage people to use e-rupi as it's anonymous, works offline, secure, isn't linked to bank and easy to carry(sits in your phone)

[@Shreyas-S]

Making it work offline would be extremely difficult because there would be no method to check whether the money is real or counterfeit.

[@techwithrajdeep7633]

​@@Shreyas-Sis it even possible for digital currency to be counterfeit?

[@Together.we.grow.better]

It's not sure that it will be secure offline because fake things and corruption are too much and may be it find its way.

[@professorarjun1234]

​@@techwithrajdeep7633Not sure but it depends upon the block chain's working. I can't explain though.

[@ANIKETKUMAR-tp5wh]

Everything is OK about this eruper. But how it is different form wallet transaction

[@SatendraSingh-fz1zu]

The main motive behind this initiative is to effectively track cash transactions. UPI and other bank transactions were already under scrutiny. Only cash transactions were impossible to track, so by replacing cash with E Rupee, the government wants to bring cash transactions under the umbrella of tracking.

[@hotkar]

Have you heard of wallet charges some months back on news ? And the eRupee what we will use now has a wallet system 😱

[@dhirajdeore434]

to be quite honest i absolutely hate the idea of e-Rupee since after knowing that its nothing but CASH which can be absolutely tracked at all times all places ......GOD this is absolutely brutal

[@Charvak-Atheist]

Arre yaar, to UPI ke though jo transaction hota hai, wo bhi to tracked hi hota hai.

[@dhirajdeore434]

@@Charvak-Atheist mere bhai Govt ise Cash ke against launch aur PITCH kar rahi he jo ki srasar galat aur zhoot he ......ITS MISLEADING ADVERTISMENT from RBI and GOVT

[@illikkal]

​@@dhirajdeore434It will reduce the government corruption in India . If everybody had only e rupee.

[@aaryann.n_]

Really Helped Me In Making My Project For My 12th Boards Tomorrow Is My Practicals And Came Here To Watch The Video So That I Can Explain Them Easily.. Thank You LLA Team

[@ankkeetupadhyay7530]

Thank you Rishabh for explaining e-Rupee in detail it will definitely help a lot of people to get the basics. You are really doing great work.

[@SuperLokeee]

Most hardworking finance teaching team on youtube

[@NikhilBhatta07]

We proud of you team LLB you guys are really making a change in our day to day life’s and also the quality of your videos and overall management like newsletters and all is global level.

[@sreeram9186]

Thanks bro, I leaned a lot and used the information from your video in SBI po interview and got selected this year😊

[@nikhilrd7686]

This digital currency system is established successfully in one of the South African nations (might be Zimbabwe). The main benefit of this system would be for non salaried person by integrating them into the economy, there are several benefits like we can easily check his credibility and can issue small loans and credit cards and can deposit govt fund to his account directly without any brokerage. Thanks to upi since people are already familiar with digital banking this shouldn't be problem to adapt. Thanks LLA for precise information

[@vellarookieShort]

This is the actual most useful KZbin channel.

[@daramsanthoshkumar9760]

Great initiative by Govt…. Two things should be done.. 1. Linking to upi 2. Remove the involvement of bank Ex: A has 5 rupee notes only and want to send 4 rupee to B .. now bank should be mandatory mediator to give 4 rupee to B and 1 rupee to A .. 1 question is - the amount which we are loading into wallet is stored at banks (i.e, icici, hdfc, axis, sbi) or is it stored at RBI ….?

[@rahulyadavmy]

By the time upi will be discouraged by GOI because bank has to face the transaction expenses by own. The amount will not be stored in any bank account. Instead it will directly link with RBI.

[@aswanisharma50]

So when RBI is holding all the money, what would banks do except giving loan and selling other financial services?

[@rahulyadavmy]

It's just like physical money in your pocket. One can deposit the e rupees in his own bank account and vice versa. Besides, its nothing to do with bank usual operations viz. Loan, fd etc.

[@a2zeetech]

They want it to be parallel to UPI. Still they have given the option for loading the wallet with UPI

[@yashpatel9550]

I believe all the digital notes are stored into private blockchain controlled by RBI, banks are just middleman which takes care of providing the necessary infrastructure and to maintain it yo make that transaction happen

[@dritheesh]

You guys need to be appreciated for your effort! Great work!

[@ChiragPurohit]

What a Explain Bhai....Great & Details Point to Point Video....Superb LLA Team....Thanks a Lot 🙏🙏❤

[@rajeevnair2506]

Very informative. Fabulous way of explaining the concept.

[@putridtrouble]

The technological and Digital India initiatives have been revolutionary in the past 6-7 years

[@sauravsingh4027]

bhiya it was really helpful being an cse asprint it helped me to kn the actual info whitout any drama .... keep it up keep growing

[@knowtheunknownwithme]

Nice initiative we can hope that after 10 years this would be mandatory for all people...and finally we would be able to have more control over corruption

[@pradipmondal07]

One of the Best financial learning Channel thanks LLA Team ❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤

[@IhsaanMuhiyadheen]

Great explainer. Thank you for this. Some follow-up questions: 1) If it does not require a bank account to work, how does the receiver accept the token? Wouldn't he have a wallet setup, in which case he should have registered with his bank account too? 2) What are low value transactions? Is there a certain amount and frequency of transaction that qualify as "low value"?

[@iemsawant]

Maybe they will develop something like metamask wallet.

[@satyabansahoo6075]

U can accept the token, but u cant redeem it to bank. So think of it as a wallet system where u store money but cant transfer to bank account unless u add one.

[@shubhamnile7667]

​@@satyabansahoo6075still money can be sent to other people without any account

[@puneettripathi8418]

most likely your aadhar card would be the unique id to which transactions are done. So, on the backend the ownership of a token is exchanged. And they would use a blockchain to ensure there are no forged tokens are in circulation, as by the mathematical definition of blockchain it can't be modified by any party. But, definitely if the transaction data is not public, government and RBI have total control over the data. And, if the government wants to specifically target one person (politician, journalist, etc.) they can do whatever they please. Most probably RBI would also be able to freeze certain tokens, so therefore they can freeze all tokens owned by a specific person. So, obviously it would be mostly be used for bad under the disguise of good. Also all the transactions made by ruling party politicians and ruling party close friends can be easily hidden away from the public eye. 2) They only say so, there are not going to track low value transactions, but obviously as the transaction are being done over blockchain, it is impossible not to. I guess RBI is not going to strongly look into smaller value transactions, that's it.

[@hiteshgautam7406]

If one does not require a bank account then why does it ask for bank details when we sigh in as a new user?

[@raviunjiya4741]

Very useful...I just download...easy to use..do not show in bank account

[@nAdarasikan]

Very informative... super liked the practical demo. Thank you so much.

[@ankitgovind2943]

Thank you LLA for explaining the concept so nicely 😊

[@aspirant_pro_maxx]

UPI app se e Rupi ko link kar Dena chahiye Best explain sir 🎉🎉

[@Worldhuman232]

Best video till today. Thanks 🙏🏻

[@Aviyatrik]

One reason should be more considerable. Teens below 18 years are officially not eligible to use UPI or digital wallet. e₹ can be legal virtual tender for those. Verification through bank should be abolished to gain circulation. Thank you for simple and informative presentation covering every aspect of e₹.

[@historysir]

Mast video banaya bhai That's why we love LLA❤

[@ShivamBajajSB]

I have used this, based on an invite, its amazing ❤

[@harshgada4325]

Very informative... To the Point... Sidhi baat no bakwas...

[@Nutricup]

I like the concept and working.. should go for this.

[@robinraj7254]

Nice video Team LLA. Special thanks for clarifying that e₹ and eRUPI are different. I have seen many videos from various yt channels which use these two terms interoperabily.

[@arindam-karmakar]

Really liked the video, especially the new intro. Thanks LLA Team for putting this much effort to make an amazingly entertaining as well as informative video. This is a great initiative by the RBI. Only thing is I can see a potential scam with the invitation link.

[@saurabhkesharwani6143]

Entertaining and very informative! 👌🏼 Video made interesting! 👍🏼 Thank you! ☺️

[@Bharat_P]

Interesting and straight to the point

[@udaygupta6934]

Thanks for the video, despite energy efficient I don't feel its better than UPI. At last person had to go to bank or open account only to load money initially. Also if a person has smartphone to download the app than its better to open a zero balance account online and use UPI.

[@kilfra5660]

Just bought my first eRupee through the app. Thanks, very informative video!

[@abhi6149]

Name of the App?

[@kilfra5660]

@@abhi6149 HDFC eRupee app.

[@prathameshpathak6453]

Simplicity Appreciated 🎉👍

[@shriharshanb3179]

Rolled out for public on pilot basis...! Hope it will give us more benefits

[@raushan_gupta_777]

What a great explaination sir 👏 ❤

[@vikasgupta7225]

Make a video on New pension scheme VS old pension scheme

[@applemango9805]

Thanks for the informative video! Subscription to the newsletter done!

[@Ronakgohil]

Thank you for the video. So much informative.

[@wilklablacquit]

You forgot show important thing, does it work without internet for qr code sharing ? RBI draft had mentioned it works offline.

[@iamxyz6420]

Tell me if anyone knows

[@n81singh]

How will it work in case of change rupee required

[@ArsalanKhan-tv2bw]

I use UPI and as said by you that e rupee and upi will eventually become seamless, should one consider downloading the e rupee app? Because he/she can still work with the upi thing.

[@AMOLAKMADAAN]

Samajh aa geya samajh aa geya sach mein ab sahi se samajh aeya

[@gautamarun2022]

Well explained. Thank you 🙂

[@barryallen9754]

Sir one question, I am currently using UPI payments app for doing payments then why will I choose this e-rupee for payments if I have the UPI payment? How will it be useful ?

[@Jhamuraa]

Cuz you right u r chinese men asking for money? Why you love him? Is who the one?

[@cosmicrolex]

watch the video again and with full concentration

[@techinfohindi7705]

Watch the last parts of this video

[@ammarramlawala1770]

Yeah agreed with this majority of people are using UPI today .

[@pragnayroofings6436]

Why should I use erupi

[@nkspro1]

I think for those who still have confusion over this ERupi 'wallet' and are comparing it with UPI 'payment system', just see the interview of our RBI Governor, he had clarified about UPI and ERupi is very simple terms.

[@ranjancom2000]

But still we cant stop those people who dump the money has black money. It is better to BAN 500 and 2000 RS notes to control fake notes and black money

[@maheshgo]

Great token system. Can be used for International transaction model and tourists.

[@awesomeadi2003]

A great explainer indeed!! 👍

[@marvelhq9990]

I’ve been using this from last 2 months. Not as convenient as UPI and UPI lite but an appreciative initiative. I being a banker in PSB got the early access from my bank.

[@amankumarthakur4849]

Why should we use this rather than UPI ?

[@PentangleYT]

works without internet or not?

[@akilansundaram2181]

​@@amankumarthakur4849because one day UPI might not be free

[@marvelhq9990]

@@amankumarthakur4849 Payments made by UPI is processed same way as NEFT do, and both incur cost. UPI is free for users and merchants so these costs are paid by banks. eRupee on the other hand, as mentioned in the video, works on Blockchain technology which is comparatively cheaper.

[@marvelhq9990]

@@PentangleYT It does not work without internet.

[@sauravkumar012]

Very well explained!!👍👍

[@amanac7305]

Super practical on point info ❤

[@deepakmodi9343]

It's very good for children below 18years who can't have bank account

[@gauravtanwar6647]

Very well explained.

[@yashjadhav4501]

At a time every user can only have a total of 50 tokens in his digital wallet. He/she can’t load more tokens unless they transfer from their digital wallet first.

[@Jaimaharashtra23]

With erupee RBI is transferring operational cost to end user since they need internet to operate these transactions. In that case, RBI should give points for every transactions which can be used as actual money. Only then it will be motivating for end users else will be hard to rollout erupee among masses.

[@TheRoguePrinceDaemonTargaryen]

Received access to the pilot program today but since there hasn't been any actual use case, I don't think adding any money currently is a priority

[@rabin_john]

Since you make such good content, why don't you add English subtitles ?

[@sandeepreddy6208]

Nice informative video. One thing which you missed is on upi you still get intrest in savings account, but on erupee you don't get any intrest on the balance, just like cash

[@BhagyashreeNanaware]

Hello It is very informative video thank you for this making 😊

[@numanansari8457]

Very worthful info Sirji 👍

[@adityachebiyyam2188]

I wonder what the implied outcomes of this system are: 1) People that want to use this would definitely need: a) An electronic device - as of now, a smartphone. b) Network connectivity - at-least 3G speeds, in cities. and infrastructure expansion in rural areas. 2) Literacy of People to understand and use electronics and network connected apps on devices. 3) A digitally unique ID for the end-user (PAN for high transactions, AADHAAR for unique identification) to register for the system. With the above requirements, it might be ok to make an educated guess that this is a long term (decades) goal and also mainly urban and semi-urban (and tech savvy) population.

[@arceusthomas2447]

I guess people who doesn't have enough money to buy food now needs to buy a smartphone to buy the food...😂

[@divyajitsinhparmar9088]

​@@arceusthomas2447It's not targeted towards uneducated or for poor people. It is for the people who already have phones. In India, over a billion smartphones are there so it would affect and be useful for a significant number of people.

[@ManishRajSinghTomar]

​@@divyajitsinhparmar9088They won't understand bro, probably they don't even try. Some people just can't get out of their biased ideology. So it is useless to try to make them understand. They don't know about UPI123, and also they thinks that every change or technology that is introduced should be instantly useful to each and every person. It is actually very hard for some people to just see and understand things neautrally. Apart from this lack of current and general knowledge makes them keep believing what they believe. So next time you see a person like that anywhere, please don't be bothered. ✌️ Peace

[@premprabhakar805]

You can give your old phones which u dont need to people who can't afford it..

[@harshgada4325]

The exact same criticism was given to UPI in 2017. But we all know how big of a success it is. I fell this this system is made for filling the gaps in existing UPI. Eg. International transactions, prevent 3rd party to track your transaction etc...

[@S.Ahmed730]

GANDHI JI KA PIC HATA DIYA😂

[@magirai12345]

No way

[@technopedia6370]

Achaa kia nati chod(MANU ji ka) ka pic nehi hai...

[@mayankgupta7184]

As rbi also mentioned in its annual report. There is no 2000 e rupee denomination. Denomination ranges from 50 paise to 500 rupees

[@bfake2569]

Love your content, Can you make a long video on taxation rules and payment methods for freelancers, specially dealing with international clients, there are many videos on youtube, but most of them are unclear. Please take the initiative and make a video.

[@snjstar8555]

For those confused between upi and e rupee, UPI is just a MEDIUM to transfer our currency to digital form. Means total digital currency is equivalent to total cash presence. But now rbi wants to reduce physical cash presence in the country to a revolutionary "e rupee" and make expenses incurred on maintaining cash less. And as e-rupee is all digital it has its all underlying benefits. Please correct if am wrong

[@zeeshan0987]

What if the online systems go down at time of war with China for example. This is the new world order, nothing else. Limiting normal people's freedom to even buy what they need, track their every move.

[@premjitsingh3964]

Well even UPI is cashless so what the benefit of this coz even we can sent money to user who doesn't use UPI by typing their account no .. the benefit with cash is that u can use anywhere it's accepted by everyone no need internet bt e rupee need internet to use than what the point coz we have UPI

[@nageshnayaknaagi7168]

Its like algebra in school... No real advantage in society

[@dataone100]

Maybe they are trying to bring this in and charge upi transactions

[@ooogabooga5111]

I don't think there is any real advantage to CBDC for the society, its just for RBI to fire some people and save money on printing unless currency itself is traceable and programmable . Maybe im a bit old minded but I can't get rid of the feeling of a real physical currency, digital is all cool and all but I won't like to exit in a world where there are no physical currencies.

[@dineshreddy1862]

They should've made it easier like linking it to UPI, say UPI 2.0 - which makes use of UPI lite as a e-rupee wallet and implement the blockchain tech there. Would've been much more convenient that way! Btw, as of now UPI still wins as a consumer to me!

[@awakeningcalls9567]

True. This new app is not that convenient

[@purnimachaudhari]

Yesterday ie 3rd Aug 23,,,RBI has asked to all UPI players to modify QR codes display both codes (UPI + e₹). RBI does not want to use UPI QR codes, because most UPI transactions are by foreign owned companies, which keep data at foreign office. However problem is technical only.

[@manout-kidin8735]

Cash will still have value in the society even if all of these E₹ things take majority share in the transaction pie . For me cash is still the KING & it comes handy as backup . Plus it really makes me feel like i am really Earning or doing wasteful purchases . You guys know the feel

[@techlitindia]

00:04 Don't call it a bit coin, its makes the impression of negativity. Important points for me: 06:07 Yes, even if a person doesn't have a bank account eRupee can be used by any person. 12:35 Now this problem has been finally solved by e-rupee (If you have 5 e-rupee note but want to give only 4 rupee to someone, here bank will give you the change (chuttaa) and give 4 rupee to other person and return 1 rupee to your wallet). 15:53 People who dont have a bank account, can become a part of this digital currency system. 16:07 It will reduce RBI spends on making and upkeep of physical currency. 16:38 Cross border money exchange and conversion will be made easy. 17:14 E-Rupee can be traced from its origin (pretty obvious). Thanks team LLA 👍❤

[@kalamkaar_sam5725]

You explain very well and very clearly as anyone can understand this very easily. My point is how the cost will reduce for RBI as the way paid for printing notes is the same way they need to bear the costs for digitally stored, maintain the server & lot more things .... So how will they manage to reduce the cost in it?

[@yashagrawal88]

Right.

[@vishalsavade3867]

Please update SEO so whenever we search e rupee we can see your video on top

[@VinayakRaybagi]

THANK YOU LLA!!

[@vihitdalal711]

The quickest acceptors could've been fuel pumps had there not been the 'rounding off' flaw. Imagine 25 paise loss on every transaction in a day to either party. Not so feasible 😊😊

[@Goswamidas_aman]

Redeem nhi ho rha hai

[@PIXS789]

I already have this app installed and registered. But there are no QR code in my area that can accept my transaction.

[@microsoftp7918]

😂😂😂 digital india

[@rahulpaswan7695]

Kon sa app h Bhai 😊

[@SaiAbitathaDUCIC]

UPI codes don't work with this, right?

[@PIXS789]

@@SaiAbitathaDUCIC It works only on eRupee QR Code

[@PIXS789]

@@rahulpaswan7695 Any app that has the name as eRupee bank_name Or Bank_name digital rupee There are individual apps given by our bank

[@birespattanayak3668]

A very nice video indeed! A query: How will be beneficial for people who are already using UPI and have bank accounts, besides they are already getting rewards / cashbacks upon their transactions?

[@xavier5985]

It is for tackling swift system in long run.

[@madhurbhatnagar7515]

A few thoughts. While the technology is interesting and definitely is beneficial from an operations perspective, some challenges might arise. 1. Labourers that rely on cash only transactions from employers. They get wages on daily basis, and in many cases may not even have a bank account. For them, hypothetically if they are paid in cash, they would need to get paid in cash and have to go to a bank and convert the same to digital rupee (assuming they have a smart phone and assuming they know how to use it) 2. Secondly employers onboarded on digital rupee sending the same to such employees would need to teach the same to the said employees (assuming the teaching is ethically done) and employees would have to know where, when and how to use the same for their daily requirements. (The above 2 points would be applicable for elderly and less technically savvy people as well) 3. Friction of overhead to learn a new technology has its fair share of challenges as well. The learning curve and acceptance of UPI is an example, where even today in many rural areas and even in some cities it is not accepted by businesses. More in the comments (limited by KZbin's character count)

[@madhurbhatnagar7515]

4. Lack of simplicity, compared to UPI and / or bank transfers would still exist. While this might be a UX thing that could be fixed in iterations. As of now, the current flow suggests a model that is analogous to cash transactions that involves overhead of checking balances and change. As in the example of sending 5 rupees where a couple of 2 rupees is send and return of 1 rupee is returned. Again comparing to UPI as an alternative, I would have had to send 4 rupees, and would not bother about the change, whereas here I would have to. Might end up with a lot of coins that if I wish to reduce have to manually keep appending to the total in a transaction, and even the merchant would have to keep track of the new inflow of coins under management. Might need a conversion system where hypothetically 10 coins can be swapped with a note (again an overhead that normally in UPI I would not have to track) 5. Loss of interest, from loading to e-rupee from conventional banking as well. If money was stored in a saving account, would gain some interest, whereas in wallet and e-rupee applications, not sure of this but a quick search tells me, e-rupee like regular cash would not get an interest. Lesser incentive to load here. 6. Network constraints can lead to issues, for example near the beach or in mountain areas network is unreliable. This makes cash transactions for convenient compared to being blocked by internet dependant APIs 7. Another lack of incentive is bank based offers, or digital transaction offers. There are rewards and points that are accrued for digital payments, not sure what the future of incentives would be for e-rupee given it would be alternate to cash. Essentially, sampling should be done to see if the users are comfortable to make a shift to e-rupee based on the challenges, the learning curve and the incentives. From the governments perspective this might be a good initiative, however, in my personal opinion efforts should be made to onboard people to banks and optimise UPI more than bring out a new ledger system. Would really look forward to a video maybe elaborating on the same or providing some alternatives to counter the above challenges.

[@premprabhakar805]

Valid points but to maintain upi gov has to give lots of money to payment gateways and banks.. which will not be the case with erupee as it is maintained using blockchain which is very secure and more efficient than b2b transaction.. i like to think of erupee as a upi successor but yeah the coin system should be improved

[@arjunn674]

​Yes that may be tru in the B2B space but in that case the e rupee looses it's only advantage which is the anonymity and I still can't figure out a proper use for it exept the forex exchange but for that the gov can have a forex portal

[@beetrootbhumika9222]

cbdc is already running in Britain. you raised a point regarding payment to labourers who mainly accept cash as the preferred mode of payment. in Britain, accounts of such people were apparently closed or made inoperative citing " lack of funds" when there actually was money in those accounts

[@codingwallah4612]

The only personal thing we humans had was our physical paper money, once this is gonna become popular nothing is personal or private... As long as theres paper money ig its good😶

[@freefall_910]

Digital slavery is coming, and naive peoples think it's a grate move wait till govt start controlling where you can spend your money and where you can how much you can spend i millions of fools phrasing this

[@pranjaljain5722]

Bhaiyo aur behno aaj raat 12 baje ke baad physical notes legal tender nahi hai 😂 ( soon we will hear such news)

[@thrustydraculla15]

Simple agar number type krke he sudha trasfer ho jata to best hai need he ky hai rupye ke image bnane ke?

[@mohnishbarkud9923]

Very use full video

[@subhmaypatra5562]

Thanks! This video is indeed informative

[@Jhamuraa]

You was welcome

[@SharukhSaifi]

It’s sounds like a great surveillance scheme by govt. 😂😂

[@vedditt]

Well explained, great video lla

[@mihirsolanki8537]

RBI should have add a function which works with nfc too. Like apple pay or samsung pay.

[@aliasgarkanchwala4422]

what is the defination of lower value transaction? as per RBI

[@princechandel3660]

Few questions i have.. pls answer.. 1. Will it allow tx above 1 lacs? 2. Would there be any kind of charges for any amount.. be it 2lacs or 5lacs? 3. Could it allow offline tx? 4. Is banks involvement Mandatory? 5. Can we make multiple accounts here?

[@kanishk_1]

Tx - trs (transaction)

[@jitendrasonilucky]

Jab se UPI aaya hai sabhi abhi tak khush hai is service se even me also muzhe nahi lagta filhaal iski jyada jaroorat hai main 50,000 ka b cash Jeb main rakhta hu I feel good satisfaction bro

[@jibranansary123zen]

Offline Transaction of e-rupee should also be possible as rural areas do not have good connectivity.

[@manishjhanwar8227]

Dear Labor Law Advisor Team, I have a query regarding a recent property purchase in Haryana. We had intended to buy a property and had already paid a token amount of 10% of the property value. However, we encountered an issue when attempting to register the property. Plus, the property has not been registered yet. As a result, we are now considering canceling the deal. I would like to inquire if there are any provisions in the law that would allow us to recover our token amount. Additionally, I kindly request if you could create a short or detailed video on this topic. It would greatly help me understand the legal aspects and potential solutions related to our situation. Thank you for your assistance.

[@setuk29]

You should ask a lawyer who manage this type of cases. Generally you will get such lawyer's contact number from any bank. Banks work with lawyer for property mortgage related works. So these type of lawyers know every legal matter related to property. Ask ur banker for property lawyer. It would be easy if ur banker is psu (private sector bank like pnb Union sbi) bcoz they deal with just 1 or 2 lawyer regularly nd they won't hesitate to share the number. If u could mention the reason why you want to cancel the deal then I can give u some advice. Noone can take ur token amount. You can always file a lawsuit against them. If problem is from ur side u have to bear some money loss but if problem is from seller side then u r entitled to get compensation because u gave him money nd that money would have generated interest for you. Hope you get it.

[@manishjhanwar8227]

@@setuk29 Thank you, Sukrut priyadarshi, for providing this valuable information. I will certainly follow up on it and get in touch with my bank to address the matter.

[@sourabhbagade3538]

Btw this can be fixed by blockchain technology.. and I hope this will get in reality soon.. gov is keen to adopt blockchain technology..

[@BhavinShah74]

Can u share more details on what is the higher value above which government will start tracking transactions?

[@cosmopolitanape6969]

every transactions must be tracked. It’s on a blockchain and it means a ledger and you use ledger to track transactions.

[@paragvaishampayan9501]

Really well said 🙏

[@mosamaster]

Technically the main difference is that there need not be any Bank account involved. But in the end we need a bank account to add our money into e-rupee wallet. More or less like a digital top-up card. I will wait a few more years before moving into e-rupee.

[@stalwart08]

I am assuming my e-₹ balance will be maintained by rbi only and these banks are just intermediary. Does this mean that i won't get any interest on my e-₹ balance like savings acc? And if the bank, whose app i am using, goes bust then also my e-₹ balance is safe (assuming no govt intervention and my deposit are more than rbi's deposit insurance) coz they are held in rbi. Can u pls confirm these? Thanks!

[@freefall_910]

hahah you are worried about hat worry about govt restrict you from using it or track you where you are spending your cash sir it a digital slavery they can freeze your assets this is no freedom this is slavery read the disadvantages of CBDC

[@ronnie141z]

I think the most important question here is what defines a 'Lower Value Amount'? Is that defined anywhere?

[@puneettripathi8418]

Anything that transacts over blockchain is trackable since the very genesis of the token, its impossible not to track the data. Most likely RBI would not get involved in scrutinizing your transactions until a certain amount, anything above will be monitored by RBI

[@Prabhakars]

Loved it keep it up guys