Central Bank Digital Currency (CBDC)

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What is Central Bank Digital Currency (CBDC)?

Central Bank Digital Currency (CBDC) also known as “Digital Rupee” or “e₹” is defined by RBI as a legal tender issued by a central bank in a digital form. It is the same as a sovereign currency and is exchangeable one-to-one at par (1:1) with existing currency. Digital rupee (e₹) will offer features of physical cash like trust, safety and settlement finality with atomicity (i.e. immediate settlement of transactions) in digital mode. Digital rupee (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 are used in physical form.

1 e = 1 Rupee

The Features of Digital Rupee (e) include:


RBI regulated

Pay to other Individuals/Merchants
in real-time

Pay quickly via QR
or Mobile Number

Receive/Collect
Digital Rupee securely

How to Register for Digital Rupee (e₹) wallet?

  • Download Axis Mobile Digital Rupee App using QR / Link given above.
  • Select the SIM (linked to your Axis Bank Saving Account).
  • Select login method (You can choose among PIN, Pattern or Biometric methods).
  • Set 6-digit wallet PIN.
  • Select Axis Bank Savings Account you wish to link to complete KYC.
  • Validate linked Axis Bank Savings Account using debit card details (last 6-digit number and expiry date).
  • Congratulations! You're all set to use Axis Mobile Digital Rupee App

How to Load Digital Rupee (e₹)?

  • Download Axis Mobile Digital Rupee App and complete registration.
  • Choose the "load" on home page and enter the desired amount or select from the available token denominations.
  • Select the loading method from the following options:
    • Linked Savings Bank Account
    • Other UPI Account
  • Set 6-digit wallet PIN.
  • Select Axis Bank accounts you wish to link to complete KYC.
  • Validate linked Axis Bank Account using debit card details (last 6-digit number and expiry date).
  • Congratulations! You're all set to use Axis Mobile Digital Rupee App

How to Redeem Digital Rupee?

  • Download Axis Mobile Digital Rupee App and select "Redeem" from home page
  • Select the amount/ denominations of tokens to unload/redeem.
  • Select the linked Axis Bank Savings Account that needs to be credited and enter wallet PIN.
  • Digital Rupee Tokens are unloaded from your wallet and the linked Axis Bank Savings account will be credited with corresponding amount.

How to Send money using Digital Rupee (e₹)?

  • Log-in to Axis Mobile Digital Rupee App and choose "Send" option on home page.
  • You can choose phone number/ contact option for payment to your contacts
  • Alternately you can choose QR code or the QR code scan option from the home page to scan the Digital Rupee (e₹) QR code to pay other individuals/ merchants.

How to de-register Digital Rupee Wallet?

  • Log-in to Axis Mobile Digital Rupee App and choose "Deregister wallet" under profile
  • Enter Wallet PIN to give consent for deregistration.
  • Digital Rupee present in wallet (if any) will automatically deposit to linked Axis Bank Savings Account.
  • Post successful redemption, deregistration will be completed.

Digital Rupee
(e₹) Wallet

Start transacting with Digital Rupee (e₹) at listed Merchants

The list of merchants at selected cities* has been enabled to accept Digital Rupee (e₹). We will keep this list updating as we onboard more merchants in your areas.

Experience a new, fast, and secure way of payment through the Axis Mobile Digital Rupee App Wallet. Let's participate in the evolution of payment innovation and witness the era of Digital Rupee (e₹).

*Mumbai, New Delhi, Bhopal, Patna, Bhubaneswar, Gangtok, Ahmedabad, Hyderabad, Bengaluru, Chandigarh, Indore, Kochi, Lucknow, Guwahati, Goa and Shimla.

Find Merchants

Are you interested to join the Axis Mobile Digital Rupee App initiative? Click below to notify and we will reach out you.

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Frequently Asked Questions

Central Bank Digital Currency (CBDC) also known as “Digital Rupee” or “e₹” is defined by RBI as a legal tender issued by a central bank in a digital form. It is the same as a sovereign currency and is exchangeable one-to-one at par (1:1) with existing currency. Digital rupee (e₹) will offer features of physical cash like trust, safety, and settlement finality with atomicity (i.e., immediate settlement of transactions) in digital mode. Digital rupee (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 are used in physical form.

Reserve Bank of India (RBI) is the issuing authority of Digital Rupee (e₹)

Digital Rupee (e₹) can be held in a wallet issued by banks and can be linked to your existing Bank Savings Account. The wallet is a Digital version of your physical wallet and Digital Rupee (e₹) can be deposited/ withdrawn from/to your existing bank Savings Account into this wallet.

Digital Rupee (e₹) is a form of money/ currency, a digital version of physical currency, whereas UPI or other fund transfer modes are forms of payment. Digital Rupee (e₹) transactions occur between Digital rupee wallets, whereas UPI and other modes of payment like NEFT/RTGS/IMPS supports money transfer from Bank account to Bank account.

No, Reserve Bank of India in its concept note states that Digital Rupee (e₹) is aimed to complement and create an alternate to physical currency and not replace current forms of money. It is envisaged to provide additional avenues of handling money to users.

You can transact in Digital Rupee (e₹) through a convenient and safe digital wallet offered by Axis Bank. Digital Rupee (e₹) can be used to make payments to merchants and individuals, who also hold a Digital Rupee (e₹) wallet via mobile number or scanning Digital Rupee (e₹) QR codes.

In the first pilot of Central Bank Digital Currency – Retail (Digital Rupee - e₹), few customers have been selected to be a part of the Closed User Group (CUG) in selected locations. We will add more customers and locations as we receive intimation from the RBI.

Yes, 1 e₹ rupee is equivalent to 1Rs. In simple terms, Digital Rupee is a digital version of cash.

Digital Rupee can be purchased/ loaded using Digital Rupee (e₹) Wallet App.

  • Download Axis Mobile Digital Rupee App and complete registration
  • Choose the load option and enter the desired amount or select from the different denominations of Digital Rupee
  • Select the loading method from the following options:
    • Linked Savings Bank Account
    • Other UPI Account
  • If you have selected the Linked Banked Account, enter the 6-digit Wallet PIN to authenticate the transaction
  • If you have selected “Other UPI Account”, a list of all UPI apps available on your phone, appears. Select your preferred UPI app and enter your UPI PIN, to complete the transaction
  • The amount is debited from the Bank Account and Digital Rupee Tokens are loaded in the wallet successfully

User can choose to redeem/unload Digital rupee to his/her Axis Bank Savings Account in case Digital rupee is no longer required.

  • Log-in to the Axis Mobile Digital Rupee App and select redeem from home page
  • Select the amount/ denominations of tokens to unload/redeem
  • Select the Linked Axis bank Savings Account that needs to be credited and enter wallet PIN
  • Digital Rupee Tokens are unloaded from your wallet and the linked Axis Bank Savings Account will be credited with corresponding amount.

Yes, Digital Rupee wallet can be closed/deregistered in case no longer required by user.

  • Log-in to Axis Mobile Digital Rupee App and choose deregister wallet under profile section
  • Enter Wallet PIN to confirm the consent for deregistration
  • Digital Rupee present in wallet (if any) will automatically deposit to linked Axis Bank Savings Account
  • Post successful redemption, deregistration will be completed

Mobile number and scanning of QR code are 2 ways in which you can send money from your Digital Rupee (e₹) wallet to other registered users with Digital Rupee (e₹) wallet.

  • Log-in to Axis Mobile Digital Rupee App and choose send option on home page
  • You can choose phone number/ contact option for payment to your contacts
  • Alternately you can choose QR code or the QR code scan option from the home page to scan the Digital Rupee (e₹) QR code to pay other individuals/ merchants.
  • Login to the Axis Mobile Digital Rupee App and click on settings >> PIN settings >> Forgot PIN
  • Enter last 6 digits of Axis debit card and the expiry date
  • Enter and re-enter the new PIN

No, there are no charges/fees associated with receiving or transferring Digital Rupee (e₹) or issuance of Digital Rupee (e₹) wallets.

No, there are no time restrictions. All transactions are instant and are available 24/7.

No. There is no minimum balance required to open/ maintain Digital Rupee (e₹) wallet.

Yes, in pilot phase user must have Savings Account with Axis Bank with full KYC completed to open/operate Axis Mobile Digital Rupee App (e₹) wallet

No, currently Digital Rupee (e₹) transactions can be done only via the Digital Rupee (e₹) wallet to merchants and individuals that are part of the pilot.

Axis Mobile Digital Rupee App is currently available only on Android devices. It will be released for iOS platform shortly.

You can recover your wallet by using the same SIM/phone number on your new phone (Android) and download the Axis Mobile Digital Rupee App (e₹) wallet app

Yes, Digital Rupee (e₹) is safe and secure. There is a robust cyber-security framework to ensure that Digital Rupee (e₹) is kept secure.

No, as it is Digital form of currency note, there is no interest paid on digital currency in your Digital Rupee (e₹) wallet.

You can raise disputes via Axis Mobile Digital Rupee App or contact Customer Care via call 18004190013 or email at digitalrupee.support@axisbank.com

No, while Digital Rupee (e₹) is a store of value and equivalent to the physical currency, it cannot be considered for investment. Additionally, there is no interest paid on Digital Rupee (e₹).

No, the first pilot is limited to merchants and individuals who are included in the closed user group in India with full KYC accounts with their respective banks.

Non- Axis Bank customers cannot use Axis Mobile Digital Rupee App in pilot. However, they may use their own bank Digital Rupee wallet to transact with Digital rupee (e₹) if they are invited for pilot by their respective bank.

Yes, user can only send/receive Digital Rupee (e₹) to/from other Digital Rupee (e₹) users.

The Digital Rupee (e₹) pilot is rolled out to limited number of customers and merchants in selected locations based on guidance by the regulator. We will extend the same to more customers and locations in the future based further guidance from RBI.

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For more details, refer the Concept Note of RBI

*T&C Apply

Disclaimer: Only Selected banks are invited to participate in Central Bank Digital Currency pilot programme. Axis bank being one of the selected banks is delighted to invite its retail customers & merchants to use Digital Rupee (e₹) in pilot.

Only those who are invited will be able to use the Axis Mobile Digital Rupee App