Along With SBI These Six Banks Allow Customers To Scan UPI QR Code Through Digital Rupee Know Details

eRupee: India’s largest public sector bank i.e. State Bank of India has become the 7th bank in the country to allow digital rupee transactions through UPI. SBI has started the facility for customers to make payment by scanning UPI regarding Central Bank Digital Currency (CBDC) i.e. digital currency. At the same time, the bank has named this facility as interoperability. It is worth noting that after this step of SBI, customers will be able to do transactions in digital currency. At the same time, apart from SBI, there are 6 more banks in the country which are providing digital currency payment facility to their customers through UPI. We are telling you the names of these banks.

SBI also took part in the pilot project.

Significantly, SBI is one of the few banks that participated in RBI’s retail e-rupee project in December 2022. Giving information on this matter, the State Bank of India had said that digital currency will prove to be a game changer for the people. Now the bank has made it inter-operable with digital rupee for the customers. With this, he will be able to pay Digital Rupee directly by scanning the UPI code through the SBI app itself.

These banks are also getting the facility of digital currency payment through UPI

  • Bank of Baroda
  • Union Bank of India
  • HDFC bank
  • ICICI Bank
  • Kotak Mahindra Bank
  • yes bank
  • IDFC Bank
  • HSBC Bank

CBDT has started in India

It is noteworthy that Finance Minister Nirmala Sitharaman had announced CBDC in 2022-23 instead. After this, the Reserve Bank started its trial from December 2022 through its pilot project. Many banks have joined this project of RBI. At the same time, it is very good for SBI to join this project because SBI is the largest bank in the country in terms of customers and branches.

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