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Digital Rupee (e₹)
India's First Digital Currency!
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For Kotak Bank Customers
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Digital Rupee app is an e₹ wallet application that enables users to conduct transactions using digital rupee tokens.
It can be used to pay for goods & services and send money to anyone in form of digital currency.
 Load e₹ Allows a user to load the digital rupee tokens in the wallet according to their denominations. |
 Collect (Receive) e₹ Allows a user to request e₹ tokens from another user via a QR code |
 Send (Transfer) e₹ Allows a user to pay for goods & services and send money to anyone in the form of e₹ |
 Redeem (Unload) e₹ Allows a user to withdraw available e₹ token balance from their wallet and transfer to their linked bank a/c |
e₹ Wallet Registration
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With the Kotak Digital Rupee (e₹) app, you can now scan any UPI QR to make payments at the merchant outlet using India’s own CBDC.
Pay for your Groceries, Dairy Products and more via Kotak e₹ wallet.
For more details, refer to the Concept Note of CBDC from RBI
Please click here for Terms & Conditions for the Digital Rupee Cashback in Kotak e₹ wallet
India’s CBDC also known as Digital Rupee (e₹) is a digital form of physical currency denomination issued by the Reserve Bank of India.
A token-based CBDC is a bearer instrument like bank notes in digital form, meaning whosoever holds the digital tokens at a given point in time would be presumed to own them. It is the preferred mode for Retail CBDC as it would be closer to physical cash.
Refer below transaction limits for the CBDC (Central Bank Digital Currency) – Kotak DIGITAL RUPEE (e₹)
| Type | Existing limits |
|---|---|
Maximum per transaction limit |
10000/- |
Maximum per day limit for transfer/redeem |
50000/- |
Credit limit (per transaction/per day) |
25000/- |
Debit - Per transaction Denomination Count Limit (Count of notes) |
250 notes |
Transaction limit in cooling period (first 24 hours) |
5000/- |
Maximum Wallet Holding Limit - Amount |
100000/- |
Maximum Wallet Holding Limit – Denomination Count (Count of notes) |
250 notes |
Transaction (Txn) Type |
Control type |
Existing limits* |
|---|---|---|
Load/ Inward Credit/ Collect Request |
Credit - Per Txn Amount Limit |
Rs 25,000# |
Credit - Per Txn Token Count Limit |
250 |
|
Credit - Per Day Amount Limit |
Rs 1,00,000** |
|
Redeem |
Debit - Per Txn Amount Limit |
Rs 25,000 |
Debit - Per Txn Token Count Limit |
250 |
|
Debit - Per Day Amount Limit |
NA |
|
CBDC / UPI Transfer |
Debit - Per Txn Amount Limit |
Rs 25,000 |
Debit - Per Txn Token Count Limit |
250 |
|
Overall |
Max Wallet Holding Limit - Amount |
Rs 1,00,000 |
Max Wallet Holding Limit – Token Count |
250 |
Note- If customer has exhausted the mentioned CBDC limits then he can transfer/redeem post 24 hours.
