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Under the Central Bank Digital Currency (CBDC) framework launched by the Reserve Bank of India (RBI), how much minimum balance is required to be maint
Question

Under the Central Bank Digital Currency (CBDC) framework launched by the Reserve Bank of India (RBI), how much minimum balance is required to be maintained in a CBDC wallet used for digital transactions similar to cash?​

A.

₹500

B.

₹1000

C.

₹2000

D.

No Minimum Balance 

E.

₹5000

Correct option is D

No minimum balance is required in a CBDC wallet. Unlike traditional bank accounts, a CBDC wallet functions as a digital equivalent of physical cash, enabling users to hold and transact digital rupees (e₹) directly issued by the RBI.

Key features of CBDC Wallets include:

  • Issued by: Reserve Bank of India (RBI) under the Digital Rupee Pilot Programme.

  • Nature: Legal tender in digital form, interchangeable with banknotes.

  • Usage: Peer-to-peer (P2P) and peer-to-merchant (P2M) transactions.

  • No bank dependency: Operates independently of traditional savings/current accounts.

  • Security: Enabled through RBI-authorized mobile apps ensuring secure digital payments.

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