My 2100 Rs is blocked and transaction in processing stage from last 21 days in kotak digital rupee wallet and there are no customer care number, in app support always show error.... Never use it for bigger amount.
Basically the Banking CBS system is getting affected due to the tremendous high volume of transactions on a daily basis done by UPI and MMT, so even for a single penny transaction happened through the CBS system which may later increase load on the system. Now the banks are not earning any revenue through UPI and MMT. So they are not interested in increasing their server Bandwidth. So they are looking for another option of bringing block chain technology to avoid any transaction through the CBS system. So simple.
Banks are not free to do it,, they are bound by banking act. All participating banks are compensated by RBI yearly for UPI. This year bill grew upto 2000 crore rupees. Of course same burden is shared through enhanced taxation from all.
There should be both options, if anyone wants to use digital then can or if someone wants to use cash can use it. - the government should provide both to the public as per the flexibility.
Government will not ban cash but fresh printing will be stopped.. If anybody have cash, he can use it but getting cash,,,, But acquiring cash will be very difficult.
It is certainly a must have technology mainly because we shouldn't be in a position that other countries have it and we don't. But I don't see much benefit of it. The biggest benefit is lower value transactions which is really not a big need. But there is a big disadvantage that it will give Govt full visibility on where all notes are moving. This is something which is not possible today and it will give Govt a new power. Which if used positively, will reduce crime but if used negatively, will create a big brother state.
I feel, the main problem with CBDC is Anonymity. Police and law enforcement will bully us. I think cash will still be king unfortunately. However, if there is Anonymity for say upto 50k-1L ₹, then things will be easy to adapt..
All transactions above ₹10,000/-in saving account are referred to IT. This is not way out. esp when he dies not pay IT. One needs source of legitimate income to spend as per Finance minister.
भौमिक जी, UPI मे बँकको रेकाॅर्ड रखना ही पडता है जिसके लिये MDR की सुविधा है जोडलेले 1%से 3% तक होता है.. भारतमे MDR कँसल नही किया है लेकिन Zero किया है कभीभी चार्ज लग सकता है दुनियाभर मे लगता भी है I ऐसा कुछ भी CBDC मे नही है चूंकि यह कॅश ही है IUPI कॅश नही बल्कि एक पद्धति है I UPI और CBDC दोनो ही RBI के ही मातहत है I कल चल के भी CBDC ॲप बँकके पास ही रहेगा या फिर RBI एक नयी कंपनी भी तैय्यार कर सकती है I आज ही अगर UPI 3% MDR लगा दे तो सारे CBDC मे आ जायेंगे I जो RBI नही चाहती I CBDC ॲप द्वारा, आज ही ₹500/-के नोट RBI,,, बँकोसे वापस बुला रहा है I RBI जब बँक को e₹ देता है तब पेमेंट केवल ₹ 500/- के नोट मे ही होता है और किसी बँक ने ₹200/- e₹ माँगा, तो RBI ₹ 500/-नोट, बँकसे लेता है ₹100/-के तीन नोट वापस करता है और ₹500/-नोट अपने पास कारवाई के लिये रखता है, वापस बँक नही भेजताI
Thanks for keeping us updated. I have a query though, first use case you mentioned, through digital wallet transactions there won't be intervention of banks. But only by linking to bank accounts can we store the money in digital wallets right? So, is the non intervention of banks that you talked about applicable only when both parties have already added money to wallets from their bank accounts?
Sir wallets are not for storing money. It does have money limited to expenditure. If there is balance, remit it back to bank account. One will get interest also. When need arises, fill wallet from bank. Loading is very fast.
ek major issue solve hua hai e rupi se e rupi wale cash ko easily government block kar sakti agar aap government ko galat bolenge sahi hai phir government ko koi oppose bhi nahi kar paayegaa
Ager hamara phone kho gaya to digital cash bhi gaya, Per digital cash ka sabse bada fayda tab ho sakta hai jab ham kisi aise jagah per ho jaha network na ho aur Bluetooth ke jariye transfer ker sake.
Bhai sahab, ground pe customer ko thikse cheque/withdrawal slip bharne nahi aata, debit card ka pin set nahi kar pate log, upi karneke baad passbook print chahiye logo ko. Rs 200 500 nikalne ke liye bhi log adha adha ghanta line me khade rehte hai. Digitalization bass urban aur metro cities ke young logo ke liye hai ,aaj bhi majority log bank me hi jake withdraw karne ko safest maante hai
But bank withdrawal is becoming costly day by day. even via ATM. Withdrawals have limitations otherwise heavily chargable including ATM service. Beyond 3 to 5 transactions per month.
डिजिटल रूपी को वॉलेट से अपने बैंक अकाउंट में रिडीम किया जा सकता है... अगर आपके वॉलेट में डिजिटल रूपी पड़े हैं या कहीं से फ्रॉड के माध्यम से आ गए हैं तो उनको रिडीम करके अपने अकाउंट में ट्रांसफर किया जा सकता है... अकाउंट में आने के बाद आगे की कहानी आप सब जानते ही हैं...!
Being UPI free, no one, except enthusiast are ready to open CBDC wallets. Scenario may change after payment agregators like Phone pe, may be issued licenses to deal in CBDC.
If banks aren't involved in CBDC transactions then why banks are developing erupee wallets? Why RBI didnt develop one apps that all users can use. If banks aren't involved then why can't I sign up without bank account /debit cards?
paytm introduced this type of concept already in 2013 and currently working as a wallet.......if e-rupee doesn't work offline then it is not diffrentiated than UPI
आने वाले समय में जनता के हाथ में रुपया (पॉवर) नही रहेगा केवल डिजिटल अंक ही रहेंगे। ये उसकी शुरुआत है। In the coming time, there will be no money (power) in the hands of the public, only digital numbers will remain. This is its beginning. जैसे : बल्ब को यदि पावर न दी जाए तो बल्ब का कोई महत्व नहीं रह जाता। For example: If power is not given to the bulb then the bulb has no importance.
Video is very good and informative but I m user kotak digital rupee, no customer care is working and no one is answering my query regarding unsuccessful transaction neither app,and neither branch ,i think it is started without proper preparation and training and I m suffering this as a customer
Bahut achhi jankari. Sir, I am a beginner . Kya kisi company ka total interest = debt to equity +operational ratio ka interest coverage, In dono ko jorker(+) hota hai kya ? Please reply kare sir .Aap bahut sahi batate hain .Dhanyabad .
To have a bank debit card and need of bank, both are different things. One can load via any bank/voucher like mobile top up voucher(yet to be introduced) However one can load CBDC, via UPI account app too.
How change will be handled? Incase the receiving party does not have the requited denominations? (Considering, its equivalent to hard cash, new notes may not be randomly generated)
Whenever I have to pay merchant, I load that much amount and pay to merchant. This solve my two issues. There will be no risk of hacking. Secondly I will get interest on saving in bank.
Except helpful for tourist I don't see any incentive to the people. But it will definetly save those 2.x% interest on our money. Agree to all the advantages discussed but sooner or later govt. will transfer the cost of maintaining eRupee system to us in the form of another tax/cess. Cash lead to lot of problems like terrorism, black money but eRupee won't be as convenient (a phone or digital device will be required with active network connection to use USSD/sms/app). Unless eRupee is incentivised and made better than UPI it's not making sense. Just degrading UPI by charging fees will not help. While using UPI we are already helping govt. to save on printing notes. Just joining a good cause is not always a right financial decision.
If someone has no job or salary, he is earning 5-6 lakhs annually through share market only using intraday and swing trades. Is he supposed to pay according to the income tax slab rate or STCG tax?
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Side camera not required
It's irritating too
Right 👍
If you use it with better angles, not adjacent but some where in between front and side will give a better documented video..cheers
Absolutely very irritating
😅😅😅😅😅😅
My 2100 Rs is blocked and transaction in processing stage from last 21 days in kotak digital rupee wallet and there are no customer care number, in app support always show error.... Never use it for bigger amount.
e rupees is a scam.
Thanks for the info. Will wait for the system to stabilize before trying out.
Damn it, i just installed kotak digital rupee but it was asking my debit card details and i dont have it at the moment 😂
Kuch solve hua kya ?
I will never use cbdc. It's against privacy of user. Virtual money is designed to have self control over the money, not to be centralised.
Agreed to all points,must needed this process very quickly
Basically the Banking CBS system is getting affected due to the tremendous high volume of transactions on a daily basis done by UPI and MMT, so even for a single penny transaction happened through the CBS system which may later increase load on the system. Now the banks are not earning any revenue through UPI and MMT. So they are not interested in increasing their server Bandwidth. So they are looking for another option of bringing block chain technology to avoid any transaction through the CBS system. So simple.
Wow, you gave a solid logic which I was not aware of.
Banks are not free to do it,, they are bound by banking act. All participating banks are compensated by RBI yearly for UPI. This year bill grew upto 2000 crore rupees. Of course same burden is shared through enhanced taxation from all.
Very informative as usual, since long your subscriber. Thanks ...!
There should be both options, if anyone wants to use digital then can or if someone wants to use cash can use it. - the government should provide both to the public as per the flexibility.
Now smaller currency notes/coins, are not easily available,even at banks.
Government will not ban cash but fresh printing will be stopped.. If anybody have cash, he can use it but getting cash,,,, But acquiring cash will be very difficult.
Excellent video as usual. How could you not mention UPI Lite which is again for same purpose
Yes right me bhi daily ke rs.5 -10 ke payment UPI lite se karta hu..chai paani ka...
I think UPI Lite was brought 'cause. to get habitual to wallet system. The same system is used by CBDC apps.
When you send money through UPI lite. The money is recieved in UPI not in UPI lite of receiver.
UPI is bank dependent where as e rupees once generated it is free form bank i.e. bank does not involve in e rupees transaction.
@@SaurabhKumar-rd2ll Saurabh ji, all banks who are issuing CBDC app,,, are authorised for CBDC use.... Not others.
मैं पिछले 6 महीनें से use कर रहा हूँ।शानदार चल रहा है मेरा e Rupi ....
Sir ji Aapne iske limitations nahi bataye. Iske limitations ka Part-2 video banaeeye.
It is certainly a must have technology mainly because we shouldn't be in a position that other countries have it and we don't. But I don't see much benefit of it. The biggest benefit is lower value transactions which is really not a big need. But there is a big disadvantage that it will give Govt full visibility on where all notes are moving. This is something which is not possible today and it will give Govt a new power. Which if used positively, will reduce crime but if used negatively, will create a big brother state.
Exactly my thought, it is a tracking system,
Why government tracks money,, to detect unaccounted, black money only. If one is not indulged in shady business, why fear?
Whoever idea was to have side camera, absolutely not required
I feel, the main problem with CBDC is Anonymity. Police and law enforcement will bully us. I think cash will still be king unfortunately. However, if there is Anonymity for say upto 50k-1L ₹, then things will be easy to adapt..
All transactions above ₹10,000/-in saving account are referred to IT. This is not way out. esp when he dies not pay IT. One needs source of legitimate income to spend as per Finance minister.
Nice video about digital rupees .🎉🎉🎉
Practical दिखाइए।
Jay Bharat
Very nice step by step easy understanding way.
Good wishes for your future
UPI lite is also Digital Wallet and small transactions are being done extensively and advantage of Digital Wallet of CBDC is not there.
Digital India,, Future of India......,, Digital money
I think UPI Chargable ho jayga!
Icici fasttag Mei upi chargeable ho chuka h
@@CHARANSINGH-lk5wbkotak bank m bhi
भौमिक जी, UPI मे बँकको रेकाॅर्ड रखना ही पडता है जिसके लिये MDR की सुविधा है जोडलेले 1%से 3% तक होता है.. भारतमे MDR कँसल नही किया है लेकिन Zero किया है कभीभी चार्ज लग सकता है दुनियाभर मे लगता भी है I
ऐसा कुछ भी CBDC मे नही है चूंकि यह कॅश ही है IUPI कॅश नही बल्कि एक पद्धति है I
UPI और CBDC दोनो ही RBI के ही मातहत है I
कल चल के भी CBDC ॲप बँकके पास ही रहेगा या फिर RBI एक नयी कंपनी भी तैय्यार कर सकती है I आज ही अगर UPI 3% MDR लगा दे तो सारे CBDC मे आ जायेंगे I जो RBI नही चाहती I
CBDC ॲप द्वारा, आज ही ₹500/-के नोट RBI,,, बँकोसे वापस बुला रहा है I RBI जब बँक को e₹ देता है तब पेमेंट केवल ₹ 500/- के नोट मे ही होता है और किसी बँक ने ₹200/- e₹ माँगा, तो RBI ₹ 500/-नोट, बँकसे लेता है ₹100/-के तीन नोट वापस करता है और ₹500/-नोट अपने पास कारवाई के लिये रखता है, वापस बँक नही भेजताI
Cash ko use kro online k chakkar me mat aao
Cash is king....old is gold
utility wise itz similar to mobile wallet?
Very well explained. Thanks.
One more distinction between digital and physical rupees is that the former can be counterfeited, while the latter cannot
How? Can you elaborate? You probably meant the latter can be counterfeited.
Thanks 🙏
The challenge will be in theft issues when phones are lost or stolen.
Get ready guy bhot jald UPI transaction pr charge lagne wala RBI ki taraf se taki log E₹ use karna start kar de 🤦🏻
Thanks for keeping us updated. I have a query though, first use case you mentioned, through digital wallet transactions there won't be intervention of banks. But only by linking to bank accounts can we store the money in digital wallets right? So, is the non intervention of banks that you talked about applicable only when both parties have already added money to wallets from their bank accounts?
Sir, Running project is pilot only, not final version.
Sir wallets are not for storing money. It does have money limited to expenditure. If there is balance, remit it back to bank account. One will get interest also. When need arises, fill wallet from bank. Loading is very fast.
Something like this can wipe out corruption, we can put logic that money can be used for certain purposes only.
जानकारी अच्छी लगी ! धन्यवाद !
Definitely ye video viral hoga aur definitely aap acha kam kar rahe ho aur definitely aap aur achhe topic leke aaoge😅😅
Definitely
Thank you so much for your efforts sir 🎉
Excellent knowledge video, thank you for that.
Unique topic
Excellent video and clear explanantion!
ek major issue solve hua hai e rupi se
e rupi wale cash ko easily government block kar sakti agar aap government ko galat bolenge
sahi hai phir government ko koi oppose bhi nahi kar paayegaa
Sir, limitations bhee bataiye......
If UPI becomes chargeable, then better n wise to use cash
Ager hamara phone kho gaya to digital cash bhi gaya, Per digital cash ka sabse bada fayda tab ho sakta hai jab ham kisi aise jagah per ho jaha network na ho aur Bluetooth ke jariye transfer ker sake.
So nice discussion
Very informative video
How can digital cash be used by Indian national during his foreign travel ? Which countries can be covered ?
E-rupee is needed bcoz banks are facing huge technical problem on database. That’s y we are using even govt will force it.
That’s the actual reason.
My Suggestion is more than 10000.00₹ UPI payment 1₹ charge must be.
Side camera not Required I think
Thank you ❤
Digital rupee is good ❤
Best information for eRupee
SBI Digital application do work properly....... Good video.
very good working e rupee.
चिल्हर समस्या तो बनी रहेगी upi बेस्ट हैं सबसे
Bhai sahab, ground pe customer ko thikse cheque/withdrawal slip bharne nahi aata, debit card ka pin set nahi kar pate log, upi karneke baad passbook print chahiye logo ko. Rs 200 500 nikalne ke liye bhi log adha adha ghanta line me khade rehte hai. Digitalization bass urban aur metro cities ke young logo ke liye hai ,aaj bhi majority log bank me hi jake withdraw karne ko safest maante hai
True
But bank withdrawal
is becoming costly day by day. even via ATM. Withdrawals have limitations otherwise heavily chargable including ATM service. Beyond 3 to 5 transactions per month.
Can we make UPI payments using digital rupee?
How can financial frauds be controlled by Digital Cash use ?
डिजिटल रूपी को वॉलेट से अपने बैंक अकाउंट में रिडीम किया जा सकता है... अगर आपके वॉलेट में डिजिटल रूपी पड़े हैं या कहीं से फ्रॉड के माध्यम से आ गए हैं तो उनको रिडीम करके अपने अकाउंट में ट्रांसफर किया जा सकता है... अकाउंट में आने के बाद आगे की कहानी आप सब जानते ही हैं...!
Being UPI free, no one, except enthusiast are ready to open CBDC wallets. Scenario may change after payment agregators like Phone pe, may be issued licenses to deal in CBDC.
No store is accepting digital rupee
Nice and very informational video
If banks aren't involved in CBDC transactions then why banks are developing erupee wallets? Why RBI didnt develop one apps that all users can use.
If banks aren't involved then why can't I sign up without bank account /debit cards?
can we use it now
For dgital wallet account creation, we. Need to have bank account. It cannot be without linking our bank account
3:30 but we also carry our mobile phones
that can be robbed
beautifully explained
paytm introduced this type of concept already in 2013 and currently working as a wallet.......if e-rupee doesn't work offline then it is not diffrentiated than UPI
आने वाले समय में जनता के हाथ में रुपया (पॉवर) नही रहेगा केवल डिजिटल अंक ही रहेंगे। ये उसकी शुरुआत है।
In the coming time, there will be no money (power) in the hands of the public, only digital numbers will remain. This is its beginning.
जैसे : बल्ब को यदि पावर न दी जाए तो बल्ब का कोई महत्व नहीं रह जाता।
For example: If power is not given to the bulb then the bulb has no importance.
Very well explained
Bahut detailed mein samjya ya hey..thak q
Video is very good and informative but I m user kotak digital rupee, no customer care is working and no one is answering my query regarding unsuccessful transaction neither app,and neither branch ,i think it is started without proper preparation and training and I m suffering this as a customer
Bahut achhi jankari.
Sir, I am a beginner .
Kya kisi company ka total interest = debt to equity +operational ratio ka interest coverage, In dono ko jorker(+) hota hai kya ? Please reply kare sir .Aap bahut sahi batate hain .Dhanyabad .
Sirji, digital wallet require must ATM Card last 6digit and expiry date.
So, without bank account it's not possible
To have a bank debit card and need of bank, both are different things. One can load via any bank/voucher like mobile top up voucher(yet to be introduced) However one can load CBDC, via UPI account app too.
@@purnimachaudhari are you using via you app ??
@purnimachaudhari ji ,thanks, I was looking for this info but didn't find anywhere else.
Good News
Sabse badi baat ye hai Sara Paisa ek number me ajayega
So will digitap wallet tell me how many notes i have of 100 denomination or 50 denomination if we are going to have serial numbers too?
Yes serial number on all notes in your wallet
Note number of notes by pushing one note at a time. At present there is no other way.
Note number of notes by pushing one note at a time. At present there is no other way.
@@purnimachaudhariyou can enter the total amount you are wanting to have in your wallet this option is available.
Sir Lic aur PIL k liye video bano isme kon best rahega
Cbdc app server is maintained by RBI (not any bank) then if RBI server down then how it will work???
😂
Lunch ke baad aao
How change will be handled? Incase the receiving party does not have the requited denominations?
(Considering, its equivalent to hard cash, new notes may not be randomly generated)
As your digital cash is also linked with your bank, one can at any point of irrespective of location exchange cash with his bank and pay the amount.
Great 😃 👍
how one can withdraw money in physical form from a digial wallet , if we do not have a bank account..?
This facility is not needed because all CBDC account holders are having bank apps only. Wait for future pl.
How it will reduce financial crimes explain please? Only saying is not enough.
Money can be tracked down
Without having a bank account, you can not get CBDC. So, a bank account is necessary for CBDC. Moreover, excess CBDC can be easily traferred to bank.
Well explained 😊
Whenever I have to pay merchant, I load that much amount and pay to merchant.
This solve my two issues. There will be no risk of hacking. Secondly I will get interest on saving in bank.
Digital rupee is secured due to digital signature on every note and protected through RSA algorithm
Except helpful for tourist I don't see any incentive to the people.
But it will definetly save those 2.x% interest on our money.
Agree to all the advantages discussed but sooner or later govt. will transfer the cost of maintaining eRupee system to us in the form of another tax/cess.
Cash lead to lot of problems like terrorism, black money but eRupee won't be as convenient (a phone or digital device will be required with active network connection to use USSD/sms/app).
Unless eRupee is incentivised and made better than UPI it's not making sense. Just degrading UPI by charging fees will not help.
While using UPI we are already helping govt. to save on printing notes.
Just joining a good cause is not always a right financial decision.
किसी से पैसे मंगाने में बहुत परेशानियाँ आती हैं अगर सामने वाले के पास डिजिटल वॉलेट नहीं है तो पैसे नहीं आते
Informative video.
UPI chargeable होगा तो लोग वापस physical cash पर आ जायेगा 🎉
Digital Rupee vs UPI : The real beneficiary is the "End Consumer" 👍
Sir kya sip mai invest karna chahiye ya nahi
Will cover this in detail
@@AssetYogi ok sir
Can we use e rupee to transfer money to Gpay or for payment of purchases please?
If someone has no job or salary, he is earning 5-6 lakhs annually through share market only using intraday and swing trades. Is he supposed to pay according to the income tax slab rate or STCG tax?
Hmmm NEAR FUTURE THERE WILL BE NO BANK
Sir Stock Martet Series pr vedio banai For Beginners
Sir digital cash ki koi aap aa gyi h ya aane wali h
Different banks have different e-wallet banks!
All will adopt digital wallet and currency notes will be replaced . Banks will stay as it is
UPI lite is there digital rupees is also there, would be interesting to see ahead
Please remove side camera 😢
Offline transaction ho sakta hai ki nahi.?
Will e rupee launch in crypto exchange?
Don't use side camera... It distracts
Will traceable digital notes help catch scammers?
Well informed