Will Digital Rupee kill UPI, Cash and Banks? | Assetyogi Show #5

Is Digital Rupee a threat to Cash, UPI and Banks? Digital Rupee (e-Rupee)- India’s own version of CBDC is the digital form of our currency, issued and regulated by RBI.
In this video, we’ll discuss whether digital rupee will replace UPI and traditional banking system or will it coexist? Is digital rupee similar to cryptocurrencies or not? The video includes a live demo of using digital wallet and covers concerns about its regulations and legal status.
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0:00 Intro
01:16 What is Digital Rupee?
03:02 Need for Digital Rupee
03:16 Digital Rupee vs Cash
04:57 Digital Rupee vs UPI
05:30 Bank vs Digital Rupee
06:51 Bitcoin vs Digital Rupee
10:41 Uses of Digital Rupee

About the Video
After UPI, Digital Rupee emerges as a potential game-changer. It is the digital version of Rupee, issued and regulated by RBI. In this video, we try to shed light on its meaning, uses, and draw a comparison between digital rupee and the widely embraced Unified Payments Interface (UPI). We’ll find out if Digital Rupee will redefine the landscape of digital payments, challenging UPI's dominance?
We’ll explore its impact on the banking system of India. Will it pose challenges to established banking systems, or will it seamlessly coexist? The debate extends to Bitcoin and other cryptocurrencies - does Digital Rupee position itself as an alternative to cryptocurrencies?
We’ll understand the practical applications and benefits of Digital Rupee. From streamlined transactions to enhanced financial inclusion, Digital Rupee offers a spectrum of advantages for businesses, consumers, and the overall economy. The video provides a comprehensive understanding of how Digital Rupee stands as more than just a currency- a new disruption in the growing Digital India.
In this video, we’ll cover the following concepts:
1. What is Digital Rupee?
2. Uses of Digital Rupee
3. How to use e Rupi app?
4. Will digital rupee replace UPI?
5. Will digital rupee replace Banks?
6. Is digital rupee an alternative to bitcoin?
7. How to use digital rupee?
8. Advantages of digital rupee
9. Limitations of physical cash
10. Digital rupee vs UPI
11. Digital rupee vs bitcoin
12. Digital rupee vs bank
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#DigitalRupee #e-rupee #CBDC #AssetYogiShow

[@AssetYogi]

Early sign-up to the app: assetyogi.com/sign-up/

[@spsingh2277]

Side camera not required

[@jat499]

It's irritating too

[@aakashsuryavanshi4692]

Right 👍

[@rajnishdadwal]

If you use it with better angles, not adjacent but some where in between front and side will give a better documented video..cheers

[@overcastconditions]

Absolutely very irritating

[@Shashimohan478]

😅😅😅😅😅😅

[@mansoor1shaikh]

Very informative as usual, since long your subscriber. Thanks ...!

[@avikdey6818]

Agreed to all points,must needed this process very quickly

[@pratikpatel5921]

Excellent knowledge video, thank you for that.

[@Twitter_Timeless5000]

Very well explained. Thanks.

[@satishmundari3]

Thank you ❤

[@meetgala]

Excellent video and clear explanantion!

[@anifmohammad4015]

Unique topic

[@e19365366]

Sir ji Aapne iske limitations nahi bataye. Iske limitations ka Part-2 video banaeeye.

[@mapupatelpithavadi3243]

Jay Bharat Very nice step by step easy understanding way. Good wishes for your future

[@deepblue6216]

utility wise itz similar to mobile wallet?

[@ManpreetSinghMZN]

I will never use cbdc. It's against privacy of user. Virtual money is designed to have self control over the money, not to be centralised.

[@yogeshn1833]

Informative video.

[@prahagude]

UPI lite is also Digital Wallet and small transactions are being done extensively and advantage of Digital Wallet of CBDC is not there.

[@Subratadeb2988]

So nice discussion

[@surendrakumar4555]

जानकारी अच्छी लगी ! धन्यवाद !

[@Tapankumarr12]

I feel, the main problem with CBDC is Anonymity. Police and law enforcement will bully us. I think cash will still be king unfortunately. However, if there is Anonymity for say upto 50k-1L ₹, then things will be easy to adapt..

[@Lanjewar31]

Thank you so much for your efforts sir 🎉

[@bhuneshwarsingh630]

beautifully explained

[@sunilsonawane9092]

Well explained 😊

[@bhavyaprakash8085]

Basically the Banking CBS system is getting affected due to the tremendous high volume of transactions on a daily basis done by UPI and MMT, so even for a single penny transaction happened through the CBS system which may later increase load on the system. Now the banks are not earning any revenue through UPI and MMT. So they are not interested in increasing their server Bandwidth. So they are looking for another option of bringing block chain technology to avoid any transaction through the CBS system. So simple.

[@kaviwardhman]

Wow, you gave a solid logic which I was not aware of.

[@user-id4ir2sw6y]

My 2100 Rs is blocked and transaction in processing stage from last 21 days in kotak digital rupee wallet and there are no customer care number, in app support always show error.... Never use it for bigger amount.

[@sanketparmar5173]

e rupees is a scam.

[@arunp8212]

Thanks for the info. Will wait for the system to stabilize before trying out.

[@gouravfromuk]

Damn it, i just installed kotak digital rupee but it was asking my debit card details and i dont have it at the moment 😂

[@biswabhusanpradhan324]

Bahut detailed mein samjya ya hey..thak q

[@swaminarendra]

Very well explained

[@bhushanjoshi3867]

Great 😃 👍

[@Abhinash_Sarkar]

Best information for eRupee

[@n4nyn208]

Thanks for keeping us updated. I have a query though, first use case you mentioned, through digital wallet transactions there won't be intervention of banks. But only by linking to bank accounts can we store the money in digital wallets right? So, is the non intervention of banks that you talked about applicable only when both parties have already added money to wallets from their bank accounts?

[@purnimachaudhari]

Sir, Running project is pilot only, not final version.

[@purnimachaudhari]

Sir wallets are not for storing money. It does have money limited to expenditure. If there is balance, remit it back to bank account. One will get interest also. When need arises, fill wallet from bank. Loading is very fast.

[@prashantgautam9304]

Well informed

[@Guddu-Kumar-Sah]

Thanks 🙏

[@GauravSharma-upcop]

Sir Lic aur PIL k liye video bano isme kon best rahega

[@vijaydeswal1379]

Sir, limitations bhee bataiye......

[@navpreetsinghchahal1847]

Hello Sir I like your context every time and use to watch your videos but I have a question If you can please answer that for me. NDTV profit logo in left top corner, Why❓ I think there are many more you want to know why Adani NTDV is flashing on your video.

[@anandmohan4657]

thanks

[@Cp_vivek]

Sir mera pnb digital rupee me payment load kar rha hu to wallet kuch exceed limit bta rha or redeem kar rha hu tab bhi wallet axceed limit bta rha or kisi ko transfer kar rha hu same bta rha kya karu sir please help ❤❤❤❤

[@Navneet07860]

Very informative video

[@aanchal.12]

sir how will money there be in these wallets , is it linked to bank accounts?

[@akshaysaini8922]

Thanks sir

[@multyvit]

What will be the procedure to Load e₹ wallet? If some one who don't have any bank account then what they will do?

[@gopalraichura4602]

Excellent video as usual. How could you not mention UPI Lite which is again for same purpose

[@talkshow966]

Yes right me bhi daily ke rs.5 -10 ke payment UPI lite se karta hu..chai paani ka...

[@purnimachaudhari]

I think UPI Lite was brought 'cause. to get habitual to wallet system. The same system is used by CBDC apps.

[@SaurabhKumar-rd2ll]

When you send money through UPI lite. The money is recieved in UPI not in UPI lite of receiver.

[@SaurabhKumar-rd2ll]

UPI is bank dependent where as e rupees once generated it is free form bank i.e. bank does not involve in e rupees transaction.

[@purnimachaudhari]

@@SaurabhKumar-rd2ll Saurabh ji, all banks who are issuing CBDC app,,, are authorised for CBDC use.... Not others.

[@estatelinkers]

There should be both options, if anyone wants to use digital then can or if someone wants to use cash can use it. - the government should provide both to the public as per the flexibility.

[@purnimachaudhari]

Now smaller currency notes/coins, are not easily available,even at banks.

[@purnimachaudhari]

Government will not ban cash but fresh printing will be stopped.. If anybody have cash, he can use it but getting cash,,,, But acquiring cash will be very difficult.

[@ajayraval5130]

Nice video about digital rupees .🎉🎉🎉

[@trilochan1990]

Nice and very informational video

[@ABDULMANNAN-qz2si]

Bahut achhi jankari. Sir, I am a beginner . Kya kisi company ka total interest = debt to equity +operational ratio ka interest coverage, In dono ko jorker(+) hota hai kya ? Please reply kare sir .Aap bahut sahi batate hain .Dhanyabad .

[@Vikas-pv3ie]

It is certainly a must have technology mainly because we shouldn't be in a position that other countries have it and we don't. But I don't see much benefit of it. The biggest benefit is lower value transactions which is really not a big need. But there is a big disadvantage that it will give Govt full visibility on where all notes are moving. This is something which is not possible today and it will give Govt a new power. Which if used positively, will reduce crime but if used negatively, will create a big brother state.

[@littleheartrahul]

Exactly my thought, it is a tracking system,

[@purnimachaudhari]

Why government tracks money,, to detect unaccounted, black money only. If one is not indulged in shady business, why fear?

[@aabhise]

How can digital cash be used by Indian national during his foreign travel ? Which countries can be covered ?

[@shubhambothara672]

E wallet me paise add kaise krna ? Paise ayenge to hi transfer kar payenge na ?

[@Pradeepch21]

Whoever idea was to have side camera, absolutely not required

[@abhisheknagar181]

can we use it now

[@aakashsuryavanshi4692]

My Suggestion is more than 10000.00₹ UPI payment 1₹ charge must be. Side camera not Required I think

[@manojsrivastava3312]

Video is very good and informative but I m user kotak digital rupee, no customer care is working and no one is answering my query regarding unsuccessful transaction neither app,and neither branch ,i think it is started without proper preparation and training and I m suffering this as a customer

[@deceptive1992]

For dgital wallet account creation, we. Need to have bank account. It cannot be without linking our bank account

[@rajparab5051]

ek major issue solve hua hai e rupi se e rupi wale cash ko easily government block kar sakti agar aap government ko galat bolenge sahi hai phir government ko koi oppose bhi nahi kar paayegaa

[@debjanilaha8718]

How can we get digital rupee in our wallet/ mobile phone if our bank is not invoved directly?

[@AnkitGupta-pc9oj]

What is the difference between digital rupees and wallet amount (paytm, phone pay). I guess these are same except currency identifaction like unique number etc. please explain

[@Prithvichouhan406]

how one can withdraw money in physical form from a digial wallet , if we do not have a bank account..?

[@purnimachaudhari]

This facility is not needed because all CBDC account holders are having bank apps only. Wait for future pl.

[@OmprakashKumar-ro1rp]

Sir swift code 8digit ka hai to paisa ayga nahi

[@SamarthDThakore27]

How change will be handled? Incase the receiving party does not have the requited denominations? (Considering, its equivalent to hard cash, new notes may not be randomly generated)

[@Zaxmails]

As your digital cash is also linked with your bank, one can at any point of irrespective of location exchange cash with his bank and pay the amount.

[@aniketteli4524]

E rupi अँप्लिकेशन / कार्ड मे आयेगा क्या? यदी ऐसा हे तो उस अँप्लिकेशन मे पैसा पाहिलीबार bank से ही लाना पडेगा? तो bank invol होगी इसमेl या bank ही हमारे अकाउंट मे जो पैसा हे उसे e rupi मे cunvert करके देगी?

[@avi143147]

Can i e-money transfer to bank a/c

[@mahendrasahoo6832]

One more distinction between digital and physical rupees is that the former can be counterfeited, while the latter cannot

[@radicalpotato666]

How? Can you elaborate? You probably meant the latter can be counterfeited.

[@shankardakolia4912]

Digital currency programming matlab application nahi hota uska matlab iski expiry date set ho sakti hai aur purpose set ho sakta hai yeh currency control ke liye hai

[@1947pateldharmesh]

E rupi fon me kaha pe save hogi kya process he

[@faisalmohammad2516]

So will digitap wallet tell me how many notes i have of 100 denomination or 50 denomination if we are going to have serial numbers too?

[@dancingdev1088]

Yes serial number on all notes in your wallet

[@purnimachaudhari]

Note number of notes by pushing one note at a time. At present there is no other way.

[@purnimachaudhari]

Note number of notes by pushing one note at a time. At present there is no other way.

[@muratukuthrai5735]

@@purnimachaudhariyou can enter the total amount you are wanting to have in your wallet this option is available.

[@ramprakashbhatt6672]

Whenever I have to pay merchant, I load that much amount and pay to merchant. This solve my two issues. There will be no risk of hacking. Secondly I will get interest on saving in bank.

[@vijaykumarkhamitkar1272]

For this transaction other party must have digital wallet?

[@gurpalsandhu8722]

Sir digital cash mai investment kaise kar sakte hai

[@SauravKumar-kb1wu]

E-rupee is needed bcoz banks are facing huge technical problem on database. That’s y we are using even govt will force it. That’s the actual reason.

[@anand.kayastha]

If UPI becomes chargeable, then better n wise to use cash

[@ashishgang]

Cbdc app server is maintained by RBI (not any bank) then if RBI server down then how it will work???

[@edwarddcosta8]

😂

[@jat499]

Lunch ke baad aao

[@atul58]

Practical दिखाइए।

[@AbhijeetBhasmeaaban]

Definitely ye video viral hoga aur definitely aap acha kam kar rahe ho aur definitely aap aur achhe topic leke aaoge😅😅

[@kaviwardhman]

Definitely

[@vishnubhaisathwara5304]

SBI Digital application do work properly....... Good video.

[@rajkapadia1466]

Sirji, digital wallet require must ATM Card last 6digit and expiry date. So, without bank account it's not possible

[@purnimachaudhari]

To have a bank debit card and need of bank, both are different things. One can load via any bank/voucher like mobile top up voucher(yet to be introduced) However one can load CBDC, via UPI account app too.

[@rajkapadia1466]

@@purnimachaudhari are you using via you app ??

[@explore4403]

​@purnimachaudhari ji ,thanks, I was looking for this info but didn't find anywhere else.

[@user-gp2hq9yo1l]

Can any one explain how I can use it without bank account

[@saexch]

isase global trade aur rupee ko globalcurrency banane mein koi madad milegi ?

[@shivprakashy]

Except helpful for tourist I don't see any incentive to the people. But it will definetly save those 2.x% interest on our money. Agree to all the advantages discussed but sooner or later govt. will transfer the cost of maintaining eRupee system to us in the form of another tax/cess. Cash lead to lot of problems like terrorism, black money but eRupee won't be as convenient (a phone or digital device will be required with active network connection to use USSD/sms/app). Unless eRupee is incentivised and made better than UPI it's not making sense. Just degrading UPI by charging fees will not help. While using UPI we are already helping govt. to save on printing notes. Just joining a good cause is not always a right financial decision.

[@ashishgang]

Agar sabji Wale ke pass phone n ho to digital rupee se kaise payment kar sakte h?

[@hirockbhowmick]

I think UPI Chargable ho jayga!

[@CHARANSINGH-lk5wb]

Icici fasttag Mei upi chargeable ho chuka h

[@aditya.rajoriya]

​@@CHARANSINGH-lk5wbkotak bank m bhi

[@purnimachaudhari]

भौमिक जी, UPI मे बँकको रेकाॅर्ड रखना ही पडता है जिसके लिये MDR की सुविधा है जोडलेले 1%से 3% तक होता है.. भारतमे MDR कँसल नही किया है लेकिन Zero किया है कभीभी चार्ज लग सकता है दुनियाभर मे लगता भी है I ऐसा कुछ भी CBDC मे नही है चूंकि यह कॅश ही है IUPI कॅश नही बल्कि एक पद्धति है I UPI और CBDC दोनो ही RBI के ही मातहत है I कल चल के भी CBDC ॲप बँकके पास ही रहेगा या फिर RBI एक नयी कंपनी भी तैय्यार कर सकती है I आज ही अगर UPI 3% MDR लगा दे तो सारे CBDC मे आ जायेंगे I जो RBI नही चाहती I CBDC ॲप द्वारा, आज ही ₹500/-के नोट RBI,,, बँकोसे वापस बुला रहा है I RBI जब बँक को e₹ देता है तब पेमेंट केवल ₹ 500/- के नोट मे ही होता है और किसी बँक ने ₹200/- e₹ माँगा, तो RBI ₹ 500/-नोट, बँकसे लेता है ₹100/-के तीन नोट वापस करता है और ₹500/-नोट अपने पास कारवाई के लिये रखता है, वापस बँक नही भेजताI

[@naresh0330]

Cash ko use kro online k chakkar me mat aao

[@naresh0330]

Cash is king....old is gold

[@inderjeetsingh5382]

UPI lite is there digital rupees is also there, would be interesting to see ahead

[@aasutoshgupta4480]

Ager hamara phone kho gaya to digital cash bhi gaya, Per digital cash ka sabse bada fayda tab ho sakta hai jab ham kisi aise jagah per ho jaha network na ho aur Bluetooth ke jariye transfer ker sake.

[@Marwadi_Men]

मैं पिछले 6 महीनें से use कर रहा हूँ।शानदार चल रहा है मेरा e Rupi ....

[@VijayMunda]

If someone has no job or salary, he is earning 5-6 lakhs annually through share market only using intraday and swing trades. Is he supposed to pay according to the income tax slab rate or STCG tax?

[@sanjaymaske3714]

Kaun se app se ise use karna hai vah batate to bahut achcha hota😊

[@VivekSharma_IT]

Can we make UPI payments using digital rupee?

[@Karan___sharma___]

paytm introduced this type of concept already in 2013 and currently working as a wallet.......if e-rupee doesn't work offline then it is not diffrentiated than UPI

[@lokesh20verma]

Digital rupee is secured due to digital signature on every note and protected through RSA algorithm

[@AkashWWD]

Sir Stock Martet Series pr vedio banai For Beginners

[@abhijeet31392]

Bhai sahab, ground pe customer ko thikse cheque/withdrawal slip bharne nahi aata, debit card ka pin set nahi kar pate log, upi karneke baad passbook print chahiye logo ko. Rs 200 500 nikalne ke liye bhi log adha adha ghanta line me khade rehte hai. Digitalization bass urban aur metro cities ke young logo ke liye hai ,aaj bhi majority log bank me hi jake withdraw karne ko safest maante hai

[@justhrsupremacy]

True

[@snehashisbehera9947]

What about buying car or house payment restriction??!?

[@MikeyGenZ]

Get ready guy bhot jald UPI transaction pr charge lagne wala RBI ki taraf se taki log E₹ use karna start kar de 🤦🏻

[@mjfanankit]

Something like this can wipe out corruption, we can put logic that money can be used for certain purposes only.

[@mankijarika7724]

very good working e rupee.

[@rakesh_singh03]

Offline transaction ho sakta hai ki nahi.?

[@manishrathod9206]

Digital rupee is good ❤

[@shibbu39]

Mere bhai k kal upi se 97000 rupey kat gye h kya kre sir plz reply paise kaise vapas honge humne report bi dal di h plz reply sir

[@piusgeorge7418]

If serial number of 💵cash note is in process.It's best.

[@akandas1175]

Will e rupee launch in crypto exchange?

[@vikasnath532]

Sir online fraud will increase in this case and illegal case of transition will increase .I think .is it so ?

[@neerajkumarpandey296]

Dada pranam 🙏🙏