The much-awaited cross-over is here!
Scan and pay any UPI QR code using Axis Bank Digital Rupee AppApply Now
Customer having an Axis bank Savings Account are eligible and can download the Axis Bank Digital Rupee App.
Note: Keep your Debit Card detail's handy to complete registration of your Axis Bank Digital Rupee account.x
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.
Now you can send digital rupee to individuals/merchants by scanning UPI QR.
This features when turned On, will auto load the excess amount needed to the complete the transaction.
Please note: The maximum limit for Auto load is set at INR 2,000. When the excess amount exceeds the above threshold, you will have to load your wallet manually.
In campaign 2, customers will be eligible for the highest criteria fulfilled. One user will be entitled to one reward coupon under campaign 2 in the offer period.
A new user downloads, registers & does 1 transaction2 (as per definition) using the Axis Mobile Digital Rupee App during the offer period. The user is eligible for Rs. 100 Grab Deals voucher if they are one of the first 5,000 users in the week (as defined in the offer period) to do so. Detailed T&C apply
Please Click Here for Offer Terms & Conditions.
Axis Bank Digital Rupee App can be used to make payments to any merchant having a CBDC wallet & Merchants who are using UPI as a accepted mode of payment. Basically you can use this App to pay to any merchant by scanning their QR. The list of merchants having Digital wallet is increasing day by day, the latest list of merchants having a Digital currency account can be checked here.Find Merchants
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. e₹ represents a direct claim on the central bank. It can be used to carry out transactions or store value digitally, like the manner in which currency notes are used in physical form.
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 to/from your existing bank Savings account into this wallet.
Digital Rupee (e₹) is a form of currency, a digital version of physical currency which one can use to make payments, whereas UPI or other fund transfer modes are only forms of payment. Digital Rupee (e₹) transactions occur between Digital rupee wallets and UPI QR codes, whereas UPI and other modes of payment like NEFT/RTGS/IMPS supports money transfer from Bank account to Bank account.
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. Digital Rupee app is interoperable with UPI and can also be used to scan and pay to existing UPI QR codes of merchants.
So basically, a user can hold up to Rs. 1.25 Lakhs at any given point in the wallet.
For a new customer, cooling period is applied for the first 24 hours after registration wherein cumulative transaction amount limit is 5 thousand and total transaction count is 10. Daily transaction limit of 1 lakh/20 transactions will be applicable after 24 hours. Cooling period will also be applicable for 24 hrs. in the event a customer re-registers after de-registration or changes pin on the App.
During cooling period, only a cumulative value of Rs. 5000 or total transaction count of 10 is allowed. Cooling period is for 24 hours.
Digital Rupee can be loaded using Axis Bank Digital Rupee App.
User can choose to redeem/unload Digital rupee to their Savings account.
Yes, Digital rupee can be closed/deregistered in case no longer required by user.
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/ users with valid UPI QR Code.
Yes. You can scan and Pay to any merchants/ individual’s QR code. Money shall be deducted from your axis digital rupee wallet and credited in the receiver’s UPI linked bank account.
No, there are no charges/fees associated with receiving or transferring Digital Rupee (e₹) or issuance of Digital Rupee (e₹) wallets. There is no minimum balance required to open/ maintain e₹ wallet.
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 with Customer Care via call 18004190013 or email at firstname.lastname@example.org
Non- Axis Bank customers cannot use Axis bank Digital Rupee (e₹) app in pilot. However, they may use their own bank Digital rupee wallet to transact with e₹ (Digital rupee) if they are invited for pilot by their respective bank.
For more details, refer the Concept Note of RBI
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₹) pilot.