Who is eligible?

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.

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Scan/click here to download iOS App

Scan/click here to download Android App

How to setup your Axis Bank Digital Rupee App

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

New

Pay seamlessly with
Auto load

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

  • Download Axis Bank 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 Bank Digital Rupee App

How to Load Digital Rupee (e₹)?

  • Download Axis Bank 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
  • Follow the onscreen instructions to complete the "Load"

How to Redeem Digital Rupee?

  • Login to Axis Mobile Digital Rupee App and select "redeem" on home page
  • Select the denominations of tokens to redeem or select "redeem all" to unload all available tokens in your wallet
  • 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 Bank 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.
  • Follow the onscreen instructions to complete the "Send Transaction"

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

Now you can send digital rupee to individuals/merchants by scanning UPI QR.

  • Log-in to Axis Bank Digital Rupee App and choose "Send" option on home page. Alternatively you can choose QR code option from home page to scan any UPI QR.
  • Select denomination / enter amount and enter wallet PIN to authenticate transaction
  • Merchant/ Individual UPI linked Savings Account will be credited.

How to de-register Digital Rupee Wallet?

  • Log-in to Axis Bank 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.

How to use Auto load feature?

This features when turned On, will auto load the excess amount needed to the complete the transaction.

  • Log-in to your Axis Bank Digital Rupee App
  • Turn on the toggle switch for Auto load on Home screen
  • Read the terms and conditions for the feature and click on Submit

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.

Digital Rupee
(e₹) Wallet

Digital Rupee Campaign offer1 scenarios:

Campaign Offer 1 (New User)

  • Applicable to New users (not already on Axis Mobile Digital Rupee App)
  • Criteria: New users to download, register, load their Digital rupee wallet and do at least 1 transaction2 (to merchant or person, UPI or Digital Rupee) during the offer period.
  • No minimum transaction amount for offer eligibility.
  • First 5,000 users every week in the offer period3 will be eligible for the offer.
  • Eligible users to get Rs. 100 worth Grab Deal coupon4.
  • Total 20,000 users will be rewarded during offer period between 5th February 2024 to 3rd March 2024.

Campaign Offer 2 (Registered users)

  • Grab deals coupons worth RS. 250
    • First 2,500 users every week defined in the offer period3 will be eligible for the coupon.
    • Total 10,000 users will be rewarded during offer period between 5th February 2024 to 3rd March 2024
    • Criteria: Users registered on Axis Mobile Digital Rupee, completing at least 5 transactions2 (to merchant or person, UPI or Digital Rupee) during the offer period will be eligible for the offer.
    • No minimum transaction amount for offer eligibility.
  • Grab deals coupons worth RS. 500
    • First 1,000 users every week defined in the offer period3 will be eligible for the coupon.
    • Total 4,000 users will be rewarded during offer period between 5th February 2024 to 3rd March 2024
    • Criteria: Users registered on Axis Mobile Digital Rupee, completing at least 10 transactions2 (to merchant or person, UPI or Digital Rupee) during the offer period will be eligible for the offer.
    • No minimum transaction amount for offer eligibility.
  • Grab deals coupons worth RS. 1,000
    • First 100 users with the most transaction2 on Axis Mobile Digital Rupee App during the offer period3 will be eligible for the coupon.
    • Criteria: Users registered on Axis Mobile Digital Rupee, completing at least 20 transactions2 (to merchant or person, UPI or Digital Rupee) during the offer period will be eligible for the offer.
    • No minimum transaction amount for offer eligibility
    • Minimum transaction count of 20 transaction2 in offer period.
    • The month in the said offer period offer period will be considered between 5th February 2024 to 3rd March 2024

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.

Examples:

Example 1:

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

Example 2:

  • A user completes 5 transactions2 during any of the 4 weeks during the offer period and is one of the first 2,500 users to do so in the week then the user is eligible for Rs. 250 Grab Deals voucher.
  • If the same user in any of the 4 weeks during the offer period completes 10 transactions2 and is the first of 1,000 users to do so in the week is now eligible for Rs. 500 Grab Deals voucher. (This user will now be eligible only for the Rs. 500 Grab Deals voucher and not the Rs 250 Grab Deals voucher)
  • If the same use who is already eligible for Rs. 250 or Rs. 500 voucher ends up being the top 100 users with maximum transaction count in the offer period (minimum 20 transaction2, cumulative across all 4 weeks of offer period required to qualify) will be eligible for Rs. 1,000 voucher (These users will now not be eligible for Rs. 250 and Rs. 500 voucher.)
  • For a new user, the above 3 are applicable over above the Rs. 100 Voucher (in case they have fulfilled the criteria for Rs 100 voucher)

Please note

  • offer1 : New users are eligible to participate in both campaign 1 and 2. In Campaign 2, qualifying customers will be eligible for 1 coupon based on highest criteria qualified during the offer period.
  • transaction2 : is counted as an outward transaction from Axis Mobile Digital Rupee App to a merchant or individual user. The mode could be either to a Digital Rupee user or to a UPI QR code using the Axis Mobile Digital Rupee App
  • period3 : Offer period 5th February 2024 to 3rd March 2024 (Week 1: 5th February to 11th February; Week 2: 12th February to 18th February; Week 3: 19th February to 25th February; Week 4: 26th February to 3rd March)
  • Grab Deal coupon4 : GRAB Deal offer conditions: Please refer to detailed Terms and Conditions

Please Click Here for Offer Terms & Conditions.

Start transacting with Digital Rupee (e₹) at any Merchant

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

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. 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.

  • Download the Axis Mobile Digital Rupee (e₹) App from Google Play Store or App Store
  • Select the SIM (linked to your Axis Bank Savings Account)
  • Select login method (You can choose among PIN, Pattern or Biometric methods)
  • Set a 6-digit wallet PIN.
  • Select the Axis Bank Savings Account you wish to link to complete the KYC process.
  • Validate the linked Axis Bank Savings Account using debit card details (last 6-digit number and expiry date)
  • You're all set to use Axis Bank Digital Rupee (e₹) App
Digital Rupee wallet can hold maximum of 250 tokens/denominations (coins & notes) with the maximum amount of 1.25 lakhs. This limit has been defined by RBI for the Digital Rupee product across banks & will be updated from time to time. Additionally, in the event token/denomination count is exceeding the limit but the wallet balance is within limit, an automated change management will happen to accommodate the additional tokens/denominations.

So basically, a user can hold up to Rs. 1.25 Lakhs at any given point in the wallet.

You can transfer cumulative amount of 1 Lakh or total of 20 transactions in a day.

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.

No. Transfers (Send money via mobile number, CBDC QR and UPI QR) to both individual and merchants are considered in the daily transaction limits.
You can transfer maximum of 25,000 (or 50 denominations/tokens) for each transaction.
You can do a maximum of 5 transactions (excluding load & redeem) per hour on the Axis Mobile Digital Rupee App. This limit is set to safeguard customers against potential fraudster activity as mandated by the RBI.
You can redeem a maximum of 50,000 (subjected to change basis NPCI).
No. You can only open and operate one wallet against your savings account on Axis Mobile digital rupee App.
  • Newly registered users
  • Existing users who De-Registered & Re-registered
  • Users Who changed their MPIN
  • Users who uninstalled & reinstalled 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.

  • Download Axis Bank 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 as Linked Savings Bank Account
  • 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 their Savings account.

  • Log-in to the Axis Bank Digital Rupee App and select redeem from home page.
  • Select the amount/ denominations of tokens to unload.
  • 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 can be closed/deregistered in case no longer required by user.

  • Log-in to Axis Bank 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/ users with valid UPI QR Code.

  • Log-in to Axis Bank 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.

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.

  • Login to the Digital Rupee (e₹) 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. 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 digitalrupee.support@axisbank.com

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.

View More

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₹) pilot.