Canara Bank Digital rupee

Canara Bank Digital Rupee

Canara Bank Digital Rupee: A Brief

Canara Bank Digital Rupee is a mobile app facilitating transactions using the Reserve Bank of India’s (RBI) Central Bank Digital Currency (CBDC) or e₹. Currently, it’s in the pilot phase, and access is limited.

What is a Digital Rupee wallet?

Think of it as your physical wallet, but digital. It holds e₹ tokens issued by the RBI and lets you make secure, fast transactions through the Canara Digital Rupee app.

How does it work?

  1. Get invited: Currently, access is via invite only. Once invited, download the app from Google Play or App Store.
  2. Link existing account: Link your Canara Bank account to the app for the initial loading of e₹ tokens.
  3. Load and redeem: You can load e₹ tokens from your linked bank account and redeem them back anytime.
  4. Send and receive: Transfer e₹ tokens to other Canara Digital Rupee users within the app.
  5. Scan and pay: Pay at select merchants who accept e₹ payments through the app’s scan and pay feature.


  • Faster and cheaper: Transactions are settled instantly and potentially have lower fees compared to traditional methods.
  • Secure: Uses blockchain technology for enhanced security and transaction transparency.
  • Convenient: No need to carry physical cash and transfers are instant.
  • Offline transactions: Limited offline functionality allows basic transactions even without internet connectivity.

How to apply for Canara Bank digital rupee:

Unfortunately, due to being in the pilot phase, access is limited and by invite only. Canara Bank might announce broader availability in the future.

Procedure to register (when available):

  1. Download the Canara Digital Rupee app.
  2. Register with your mobile number and PAN card.
  3. Link your Canara Bank account for e₹ loading and redemption.
  4. Wait for verification and activation.


  • Uses two-factor authentication for secure login and transactions.
  • Encrypted data storage and transmission.
  • Blockchain technology ensures tamper-proof transaction records.


  • Currently, the Digital Rupee is in a limited pilot phase.
  • Access is only available through invites from Canara Bank.
  • Stay updated on Canara Bank’s official channels for broader availability announcements.

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